Waterways Leisure Tourism Limited has fixed its initial public offering (IPO) price band between ₹769 and ₹808 per equity share, each with a face value of ₹10. The subscription window for the IPO is scheduled from June 23 to June 25, with shares set to list on the BSE and NSE on July 1, according to livemint.com.
The IPO allocation reserves 75% of shares for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors. This structured reservation aims to balance participation across different investor categories. The company announced these details on June 18, ahead of the subscription period starting next week, livemint.com reported.
Waterways Leisure Tourism’s IPO comes at a time when the leisure and tourism sector is attracting investor interest amid growing domestic travel demand. The price band positions the company competitively within the market, reflecting investor appetite for tourism-related equities. The listing on major exchanges BSE and NSE will provide liquidity and visibility to the company’s shares, aligning with recent trends in sector IPOs, as noted by livemint.com.
The IPO subscription will close on June 25, with the share listing scheduled for July 1 on the BSE and NSE. Investors will be able to assess the market response to the price band during the subscription period, marking a key milestone for Waterways Leisure Tourism’s public market debut, per livemint.com.