Waterways Leisure Tourism IPO
Open Date
23 Jun 2026
Close Date
25 Jun 2026
Open Date
23 Jun 2026
Close Date
25 Jun 2026
Min Investment
Lot Size
Issue Size
Price Range
Subscribed

Founded In
2020
CEO
Jurgen Bailom
Financials of Waterways Leisure Tourism IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | 444.06 | 590.61 | 579.75 |
| Other Income | 8.09 | 7.08 | 7.25 |
Total Income | 452.15 | 597.68 | 586.99 |
Total Expenses | 560.40 | 483.70 | 508.74 |
| Profit Before Tax | -122.69 | 189.58 | 78.81 |
Total Profit | -122.73 | 168.19 | 52.14 |
All figures are in crores (₹)

Utilisation of Proceeds
All figures are in crores (₹)
| Purpose | Amount |
|---|---|
| The company proposes to utilize proceeds for deposit/advance lease payment and charter hire charges to Baycruise IFSC for acquisition of vessels Norwegian Sky and Norwegian Sun on lease. The funds will cover advanced lease rental payments and monthly lease rentals post delivery date of the vessels. | 480 |
| The company intends to deploy balance proceeds towards general corporate purposes including rental and administrative payments, wages, salaries, employee benefits, meeting ongoing contingencies and expenses in ordinary course of business, funding growth opportunities and strategic initiatives. | - |

- Pioneer in the ocean cruise tourism in India, well-positioned to capitalize on industry tailwinds: The company is one of the domestic ocean cruise operators in India offering luxurious and inherent Indian experiences. In Fiscal 2025, the company accounted for approximately 79% of the market share in value terms.
- India-focused cruise experience with diverse amenities: The company's cruise experience is designed to cater to the preferences of Indian guests offering an immersive journey into India's rich culture, cuisine, and warm hospitality with diverse culinary options and live entertainment shows.
- Significant direct bookings optimizing margins: For Fiscal 2026, 2025 and 2024, the company directly sold 62.25%, 62.98% and 59.96% of the total cabins respectively. Direct bookings reduce commissions paid to travel agents and improve margins.
- Outsourced critical cruise operations enhancing efficiency and scalability: The company has strategically outsourced critical cruise operations to third-party service providers for food and beverages, housekeeping, crewing, and entertainment, enabling them to leverage expertise and scale operations based on seasonal demand.
- Seasoned management team delivering financial growth: The company benefits from experienced management team with knowledge in cruise industry. Revenue from operations grew from ₹4,440.60 million in Fiscal 2024 to ₹5,797.45 million in Fiscal 2026.

