Waterways Leisure Tourism IPO
Waterways Leisure Tourism Limited (CORDELIA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 01 July 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.1% (likely range -13% to +9%), day's high +0.8%, chance of a gain 33%. Actual: -15.7% at the open, -10.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 22,82,184 | 23,07,762 | 1.01x | |
| NII (HNI) total | 11,41,092 | 14,88,960 | 1.30x | |
| Big NII (above ₹10 lakh) | 7,60,728 | 8,27,442 | 1.09x | |
| Small NII (₹2-10 lakh) | 3,80,364 | 6,61,518 | 1.74x | |
| Retail | 7,60,728 | 31,87,944 | 4.19x | |
| Total | 41,84,004 | 69,84,666 | 1.67x |
Bids on NSE and BSE together, as published by NSE, as of 25 Jun 2026, 08:00 PM. Shares offered exclude the anchor portion. 40% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Waterways Leisure Tourism's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Rail Vikas NigamApr 2019 | 1.36x | 0.80x | 2.93x | 1.83x | ₹842 Cr | 0.0% | +4.2% |
| Inox Green Energy ServicesNov 2022 | 1.05x | 0.47x | 4.70x | 1.55x | ₹789 Cr | -7.7% | -1.5% |
| Bharat Road NetworkSep 2017 | 1.33x | 1.63x | 5.69x | 1.81x | ₹1,276 Cr | 0.0% | +6.8% |
| Tracxn TechnologiesOct 2022 | 1.66x | 0.80x | 4.87x | 2.01x | ₹309 Cr | +5.6% | +25.0% |
| Suryoday Small Finance BankMar 2021 | 2.18x | 1.31x | 3.09x | 2.37x | ₹582 Cr | -4.3% | -2.8% |
| Quality Power Electrical EquipmentsFeb 2025 | 1.03x | 1.45x | 1.83x | 1.29x | ₹859 Cr | +1.2% | +1.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Centrum Broking | 3 | +9.5% | 67% |
Offer documents (NSE)
Frequently asked
What is the Waterways Leisure Tourism IPO price band and lot size? ₹769–808 per share, with a lot of 18 shares, so the smallest retail bid is ₹14,544.
How many times has it been subscribed? 1.67x overall: QIB 1.01x, NII 1.30x, retail 4.19x.
How did it list? It opened at ₹681, -15.7% against the issue price of ₹808, and closed its first day -17.3%.
