Waterways Leisure Tourism IPO listing today: Here's what GMP indicates ahead of stock market debut

Waterways Leisure Tourism IPO is set to list on BSE and NSE today at 10:00 IST. The issue was subscribed 1.46 times overall, with retail portion at 4.19 times and NII at 1.17 times, while QIBs remained undersubscribed at 69%. Grey market premium stands at negative 51, indicating an estimated listing price of around 757 per share, about 6.31% below the upper end of the IPO price band of 808. The entire issue is a fresh issue of 585 crore with no OFS component, and post-issue market capitalisation is expected to be around 5,849.48 crore.