• IPO structure: Waterways Leisure Tourism is raising ₹585 crore through its public offering with a price band set at ₹769 to ₹808 per share, open for bidding until June 25.
• Targeted cruise offering: The company operates an affordable luxury model customized for Indian travelers, featuring regional and Jain cuisine, staff fluent in seven Indian languages, and localized entertainment like Bollywood shows and gully cricket.
• Fleet expansion allocation: Out of the proceeds, ₹480 crore is earmarked for capital expenditure to fund advance and monthly lease rentals for two upcoming vessels, Sky and Sun.
• Vessel lease terms: The charter agreements require an advance payment of $16 million (approximately ₹160 crore) one year prior to delivery, with ownership transferring to the company for $1 in the tenth year of lease payments.