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Waterways Leisure's ₹585 cr IPO opens June 23 with muted GMP; 101x P/E sparks caution

Waterways Leisure Tourism, operator of Cordelia Cruises, opens ₹585 crore fresh-issue IPO on June 23 at ₹769-808 band. GMP muted at 1.36%. Swastika rates Neutral citing aggressive 101x P/E despite India cruise tourism growth tailwinds.

Reported figures

From the report. Source details below

  • 7.2 million shares
  • lot size 18
  • GMP ₹11 (1.36%)

The source

Source Read the source at Business Standard

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Also reported by Mint, Business Today

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