Cordelia Cruises operator Waterways Leisure set for weak Dalal Street debut as GMP signals 5.82% discount
Waterways Leisure Tourism, which runs India's domestic ocean cruise brand Cordelia Cruises, lists July 1 on BSE/NSE after raising ₹585 crore. A negative grey market premium of ₹47 points to a discounted debut near ₹761 versus the ₹808 issue price, despite the IPO drawing 1.67x overall subscription and 4.19x from retail investors.
Waterways Leisure Tourism, operator of India's domestic ocean cruise brand Cordelia Cruises, lists July 1 on BSE/NSE after raising ₹585 crore. Negative GMP signals a likely 5.82% discount debut despite 1.67x subscription.