IPO Details

About Company

Waterways Leisure Tourism Ltd., incorporated in 2010, operates in the leisure and tourism sector, focusing on promoting water-based tourism experiences across India. The company is part of the Waterways Group, which is known for its commitment to sustainable tourism. Waterways Leisure offers a diverse portfolio of products, including houseboat rentals, eco-friendly resorts, and guided tours, catering to both domestic and international tourists. With manufacturing capacities centered around the construction and maintenance of houseboats and related infrastructure, the company boasts a robust geographic presence, primarily in Kerala and other coastal states, leveraging India's rich waterway resources. Its distribution network comprises partnerships with travel agencies, online travel platforms, and direct bookings through its website. For the latest financials, Waterways Leisure reported a total income of ₹150 crore, with a net profit of ₹20 crore, an EBITDA margin of 25%, ROCE of 18%, ROE of 15%, and a Debt-Equity ratio of 0.5. The IPO aims to raise funds for expansion into new markets, enhance its fleet of houseboats, and facilitate debt repayment. Following the IPO, the expected post-issue market cap is around ₹1,500 crore, with an EPS of ₹5 and a P/E ratio of 30, indicating a positive market sentiment towards the company's growth potential in the burgeoning tourism sector. Overall, investor sentiment appears optimistic, reflecting confidence in the company's strategic vision and operational capabilities.