Waterways Leisure Tourism IPO: Issue receives tepid response on Day 01, subscribed 0.20x; GMP signals flat listing

Waterways Leisure Tourism's ₹585-crore IPO received a tepid response on Day 1, getting subscribed 0.20 times with bids for 8.14 lakh shares against 39.82 lakh shares on offer. The retail portion was subscribed 1.02 times while the NII segment was subscribed just 0.04 times; the QIB portion had not yet opened. The grey market premium stood at around ₹12, indicating a potential flat-to-marginal listing of about ₹820 against the upper price band of ₹808.