Advit Jewels GMP ₹57 ▲ 43.85%Avience Biomedicals GMP ₹75 ▲ 38.27%Turtlemint Fintech Solutions GMP ₹2 ▲ 1.39%Clay Craft GMP ₹32 ▲ 16.58%Liotech Industries GMP ₹52 ▲ 16.20%Horizon Reclaim (India) GMP ₹54 ▲ 55.10%

Waterways Leisure Tourism IPO Review | APPLY or AVOID?

Waterways Leisure Tourism Limited started in 2020. It operates in the Leisure Services industry. It provides luxury cruise experiences to its customers across India. This business is based in Mumbai, Maharashtra. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio. Updated review will be available soon

✅ Strengths

  • High domestic market share
  • Asset light operating model
  • Strong direct customer portal
  • India targeted food themes

⚠️ Challenges

  • Higher fuel operational overheads
  • Geopolitical sea route disruptions

Financial Update

Updated review will be available soon

IPO Valuation

The upper price band is ₹808. This price leads to a Price-to-Earnings (P/E) ratio of . The average P/E for the industry is 82.35. Updated review will be available soon

IPO Objective

Company will use Offer proceeds to meet stated objectives:

  • Lease payments to stepdown subsidiary company
  • General corporate funding targets

Promoters & Lead Manager

  • Global Shipping and Leisure Limited and Rajesh Chandumal Hotwani.
  • MUFG Intime India Pvt.Ltd. is the registrar.

Peer Comparison

Below is the comparison of the company with its listed peers using data from March 31, 2026. Updated review will be available soon.

Company NameEPS (Basic)EPS (Diluted)NAV (₹ per share)P/E (x)RoNW (%)P/BV Ratio
CSM Technologies Ltd.3.723.72118.7318.49
Trigyn Technologies Ltd.3.823.8224114.581.590.23
Allied Digital Service Ltd4.984.9110724.445.341.12
Dev Information Technology Ltd6.856.84304.1221.540.93
Silver Touch Technologies Ltd17.517.510511.9116.61.98

Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).

IPO Review & Analyst Rating

The formal analysis from market reviewers is currently unavailable for this fixed issue.

Analyst NameRecommendation

Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.

Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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