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Waterways Leisure climbs as board to mull stock split proposal

(07-Jul-26   09:54)

The announcement was made after market hours on Monday, 6 July 2026.

Shares of Waterways Leisure Toursim entered into stock market on 1 July 2026. The stock listed at Rs 690, marking a discount of 14.6% to the issue price.

The company's initial public offering (IPO) was subscribed 1.67 times, receiving bids for 69.84 lakh shares against 41.84 lakh shares on offer. The IPO was open for subscription from 23 June to 25 June 2026, with a price band of Rs 769-808 per share. The issue comprised a fresh issue of equity shares aggregating Rs 585 crore, with no offer-for-sale (OFS) component.

Waterways Leisure Tourism operates under the Cordelia Cruises brand. The company offers cruise services across major Indian coastal destinations and select international routes through its flagship vessel, MV Empress.

On a full-year basis, the company reported a 69% decline in consolidated net profit to Rs 52.14 crore, while revenue from operations fell 1.8% to Rs 579.75 crore in FY26 compared with FY25.

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