The initial public offering (IPO) of was fully subscribed by around 2 pm on Thursday, the final day of bidding.
The retail investor portion led demand, with the category subscribed 3.63 times. The non-institutional investor (NII) segment was subscribed 0.86 times, while the qualified institutional buyers (QIB) portion was subscribed 0.20 times.
Ahead of the issue opening, Waterways Leisure Tourism raised ₹263.25 crore from anchor investors. It included Baroda BNP Paribas Mutual Fund, Cullinan Opportunities Fund, Zeal Global Opportunities Fund, M7 Global Fund, Nova Global Opportunities Fund, Stellar Growth Fund, ASAS Global Fund and Maybank Securities.
The company’s ₹585-crore IPO The issue comprised entirely a fresh issue of equity shares, with no offer-for-sale component.
Proceeds from the issue will be used towards lease payments for its step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt Ltd, as well as for general corporate purposes.
operates Cordelia Cruises, India’s domestic ocean cruise brand, offering luxury cruise experiences across domestic and international destinations.
Centrum Broking is the sole book-running lead manager to the issue, while MUFG Intime India is acting as the registrar.