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Waterways Leisure Tourism IPO: Issue receives tepid response on Day 01, subscribed 0.20x; GMP signals flat listing

As reported by mint - markets
Waterways Leisure Tourism's IPO opened on June 23 but saw low interest, being subscribed only 0.20 times. A total of 8.14 lakh shares were bid for against 39.82 lakh available. The company aims to raise ₹585 crore, with a market valuation of ₹5,849.48 crore post-issue.
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Waterways Leisure Tourism's IPO launched on June 23, experiencing a significantly low subscription rate of only 0.20 times on Day 1. Investors bid for just 8.14 lakh shares against 39.82 lakh available. The company seeks to raise 585 crore, with its post-issue market valuation…

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