Cordelia Cruises operator opens ₹585 cr IPO at ₹769-808 band, GMP signals tepid debut
Waterways Leisure Tourism, which runs Cordelia Cruises, opened its three-day ₹585 crore fresh issue today at a ₹769-808 price band. Anchors put in ₹263 crore. Proceeds fund Baycruise lease payments. Grey market premium of just ₹12 on an ₹808 ceiling suggests muted listing appetite against a ~₹5,849 crore post-issue market cap.
Waterways Leisure Tourism, operator of Cordelia Cruises, opened its ₹585 crore fresh-issue IPO (June 23-25) at ₹769-808 price band. Raised ₹263 crore from anchors. Proceeds fund Baycruise lease payments. GMP at ₹12; post-issue market cap ~₹5,849 crore.