Waterways Leisure Tourism IPO Day 3: Here's GMP, subscription status, other key details - apply or not?

Waterways Leisure Tourism's ₹585 crore fresh-issue IPO entered day 3 with a subdued response at 69% subscription; retail investors bid 3 times while NII segment stood at 51% and QIBs were yet to participate. The price band is set at ₹769-808 per share, with a modest grey market premium of ₹5 indicating an estimated listing price of about ₹813, a premium of roughly 0.62%. Swastika Investmart assigned a neutral rating, flagging aggressive valuation at around 101x P/E despite strong industry tailwinds, with allotment expected on June 29 and tentative listing on July 1.