Waterways Leisure Tourism IPO Day 2: GMP signals flat debut - Should you apply? (opens original article in a new tab)

Waterways Leisure Tourism IPO's second day saw muted investor interest with GMP at 1% suggesting a flat listing, while retail investors showed strong participation but institutional demand was weak.

• Waterways Leisure Tourism IPO's GMP is 1% indicating flat listing
• Retail investors subscribed 99% while institutional investors showed weak interest
• Proceeds will be used for lease obligations and fleet expansion
• Brokerages gave 'Neutral' rating with risks highlighted