1. When does the Waterways Leisure Tourism IPO open and close?

The Waterways Leisure Tourism IPO opens on June 23 and closes on June 25. The company is raising Rs. 585 crore through an entirely fresh issue, with no offer-for-sale component. Allotment is expected to be finalized on June 29. Successful bidders will have shares credited to their demat accounts by June 30. The stock is scheduled to list on both BSE and NSE on July 1.

2. What is the price band and lot size for CSM Technologies IPO?

CSM Technologies has fixed its price band at Rs. 107 to Rs. 113 per share. The minimum lot size is 132 shares, making the minimum retail investment Rs. 14,916 at the upper price band. The IPO opens on June 24 and closes on June 29. Allotment is expected on June 30, with listing on BSE and NSE scheduled for July 2. The issue is entirely a fresh issue of Rs. 145.78 crore with no offer-for-sale component.

3. Is Waterways Leisure Tourism financially strong enough to invest in?

The company holds a dominant position in India’s domestic ocean cruise segment, with approximately 79% market share by value as of FY25. However, its recent financials raise legitimate concerns. Revenue declined by 2% and profit after tax fell by 69% in FY26 compared to FY25. The debt-to-equity ratio of 1.27 adds further pressure on the balance sheet. Investors must weigh the company’s unique market position and expansion plans against its current profitability challenges before applying.

4. What is CSM Technologies’ order book and why does it matter?

As of March 31, CSM Technologies held an order book of Rs. 357.63 crore. That figure represents more than 1.5 times the company’s FY25 revenue of Rs. 200.63 crore. A strong order book signals near-term revenue visibility, which is particularly important for a company that depends heavily on government tenders for project inflows. It also reduces short-term earnings uncertainty, making the business model more predictable than peers with thin pipelines.

5. Which SME IPOs are listing and opening this week?

On the listing front, Clay Craft India, Diksha Polymers, and Leapfrog Engineering Services are all debuting on the SME exchanges on June 24, following subscription windows that closed last week. On the subscription front, Jivial Industries opens from June 23 to June 25 and lists on the BSE SME on July 1. Dhanwel Hybrid Seeds, priced at Rs. 95 to Rs. 99 per share, opens from June 24 to June 29 and is set to list on July 2. Investors should note that SME shares typically carry lower post-listing liquidity than mainboard issues.