New Delhi, June 23 -- The initial public offering (IPO) of Waterways Leisure Tourism, one of India's leading domestic ocean cruise operators, opened for subscription on June 23 and received a muted response from investors on the first day of bidding.

By the end of Day 1, the issue was subscribed 0.20 times, with bids received for 8.14 lakh shares against the 39.82 lakh shares on offer, according to exchange data.

The retail portion was subscribed 1.02 times, while the non-institutional investor (NII) segment was subscribed 0.04 times. The qualified institutional buyers (QIB) portion is yet to open for bidding.

The Rs.585-crore Waterways Leisure Tourism IPO is entirely a fresh issue of equity shares with a face value of Rs.10 each. The ...