Cordelia Cruises operator launches ₹585cr IPO, India's first cruise line listing

Waterways Leisure Tourism opens ₹585-crore IPO 23-25 June at ₹769-808 band, valuing the cruise operator at ₹5,849cr. Holds 79% domestic market share with 84.99% load factor and ₹10,979 avg ticket. ₹480cr earmarked for vessel lease deposits as fleet expands under Cruise Bharat Mission tailwinds.

— Filed Thu, 18 Jun, 2026, 21:21 IST · Source Mint · Updated

Cordelia Cruises operator Waterways Leisure Tourism to launch ₹585-crore IPO from 23 June at ₹769-808 band, becoming India's first cruise line IPO. Proceeds fund vessel lease payments as it expands fleet amid Cruise Bharat Mission tailwinds.

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