Waterways Leisure Tourism IPO Subscription Day 1

Overview of Waterways Leisure Tourism IPO

Waterways Leisure Tourism Limited, the operator of India's only domestic ocean cruise line Cordelia Cruises, is opening its IPO for public subscription from June 23, 2026 to June 25, 2026.

The price band of Waterways Leisure IPO is ₹769 to ₹808 per share. It will directly receive all proceeds.

This cruise line operates the MV Empress cruise vessel with routes across the Indian coastline and select international destinations.

Here's a quick snapshot of the key IPO details:

Waterways Leisure Tourism IPO Day-wise Subscription: Day 1, 2 & 3

Below is the category-wise subscription for the Waterways Leisure Tourism IPO for each day of the bidding window.

(Note: Data will be updated once Day 1, 2, 3 (final day) subscription figures are available.)

What Happens If IPO Is Not Fully Subscribed?

If the IPO is not fully subscribed, the company and its lead managers are required to withdraw the issue (as per SEBI regulations). Likewise, all the application money is returned back to the investors.

Later on, the company may refile or restructure the IPO at a future date.

Let's say, if the IPO is subscribed between 90% and 100%, it can still proceed. SEBI regulations allow underwriters (typically the lead managers) to pick up the unsubscribed portion.

If one specific category (say QIB) is undersubscribed but another (say Retail) is oversubscribed, the unsubscribed shares from one category can be reallocated to the oversubscribed category, subject to SEBI guidelines.

In practical terms, undersubscription is relatively rare for mainboard IPOs but may sound common in SME IPOs.

What If I Cancel My IPO Application?

You can modify or cancel your IPO application anytime before the subscription window closes.

If you applied via UPI, you can reject the mandate from your UPI app. If applied via ASBA through net banking, you can cancel from your bank's IPO section.

If you cancel successfully, the blocked funds in your account are released immediately — no amount is deducted.

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