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
⚠️ Challenges
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 Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| CSM Technologies Ltd. | 3.72 | 3.72 | 118.73 | 18.49 | ||
| Trigyn Technologies Ltd. | 3.82 | 3.82 | 241 | 14.58 | 1.59 | 0.23 |
| Allied Digital Service Ltd | 4.98 | 4.91 | 107 | 24.44 | 5.34 | 1.12 |
| Dev Information Technology Ltd | 6.85 | 6.84 | 30 | 4.12 | 21.54 | 0.93 |
| Silver Touch Technologies Ltd | 17.5 | 17.5 | 105 | 11.91 | 16.6 | 1.98 |
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 Name | Recommendation |
|---|---|
| – | – |
| – | – |
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.


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