⚠️ Neutral
Listed
Leisure Services
Waterways Leisure Tourism Limited IPO
₹585 Cr · Fresh Issue · Leisure Services
Price Band
₹769 – ₹808
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹585 Cr
Fresh Issue
Market Cap
₹5849.48 Cr
At upper band
P/E Ratio
112.2x
P/S: 10.1x
Listing Date
01 Jul 2026
BSE & NSE
IPO Timeline
✓
Opens
23 Jun 2026
✓
Closes
25 Jun 2026
✓
Allotment
26 Jun 2026
✓
Refund
29 Jun 2026
✓
Listing
01 Jul 2026
IPO India Hub Recommendation: Neutral
The company offers a promising business model in the leisure services sector, but the high P/E ratio of 112.2x is a major concern for investors. This suggests the company is expensive relative to profits.
Our Analysis — Key Points
✓ Strength
Strong Promoter Background
The promoters, Global Shipping and Leisure Limited and Rajesh Chandumal Hotwani, bring significant industry experience. This can provide strategic direction and operational expertise to the company.
✓ Strength
Growing Revenue Streams
The company reported revenue of ₹579.75 Cr in the latest fiscal year. This indicates a growing demand for leisure services, which can drive future growth.
⚠ Risk
High Valuation Concerns
The company's high P/E ratio of 112.2x indicates that investors are paying a premium for its earnings. This could lead to volatility if earnings do not meet expectations.
$ Valuation
Expensive Relative To Earnings
The company trades at a P/S ratio of 10.1x and a P/E ratio of 112.2x. These multiples suggest the stock is expensive compared to its earnings and revenue, which could be a risk for investors looking for value.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Waterways Leisure Tourism Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹579.75 Cr
Net Profit
₹52.14 Cr
Industry
Leisure Services
Issue Type
Fresh Issue
Promoters
GLOBAL SHIPPING AND LEISURE LIMITED AND RAJESH CHANDUMAL HOTWANI
Lead Managers
Centrum Broking
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