Waterways Leisure Tourism IPO listing: Shares list at a 16% discount to the issue price; details here

Waterways Leisure Tourism shares debuted at a 15.72% discount on 1 July, opening at ₹681 on NSE and ₹690 on BSE against an issue price of ₹808, leaving allottees with listing-day losses. The ₹585-crore fresh-issue-only IPO had been subscribed 1.46 times overall, with retail at 4.19 times, NII at 1.17 times, and the QIB segment undersubscribed at 69%. The company is expected to command a post-listing market capitalisation of around ₹5,849.48 crore, with proceeds earmarked mainly for lease obligations of step-down subsidiary Baycruise Shipping and Leasing.