Waterways Leisure Tourism’s IPO was a book-build issue of ₹585 crore. In this, the company had issued 72 lakh new shares.
Waterways Leisure Tourism share dips by 7%: Shares of the cruise company Waterways Leisure Tourism Ltd. have fallen sharply. The company’s stock fell nearly 7% to around Rs 846 in early trading on Thursday.
The company’s profits have declined in the June 2026 quarter. The company’s net profit fell nearly 35% on an annual basis to Rs 22.77 crore from Rs 34.77 crore in the same quarter last year. However, the company’s earnings increased during this period. The company’s sales for the June 2026 quarter rose nearly 8% to Rs 190.11 crore from Rs 176.32 crore a year ago. This means despite the increase in sales, the company’s profits remained under pressure. The shares of the company have given a profit of 4 percent in the last one week and have given a negative return of 0.59 percent in 2 weeks. The company touched the 52-week high of Rs 925 on July 21.
Waterways Leisure Tourism’s IPO was a book-build issue of ₹585 crore. In this, the company had issued 72 lakh new shares, and it was a completely fresh issue. The amount raised through this IPO was for the use of the company. The IPO started on June 23, 2026, and ended on June 25, 2026. The allotment of shares was finalized on June 29, 2026, while the company’s shares were listed on NSE and BSE on July 1, 2026. The company said that the proceeds from the IPO will be used for lease payments and general corporate needs of its subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt Ltd.
