Cordelia Cruises operator Waterways Leisure Tourism lists 16% below Rs 808 IPO price
Waterways Leisure Tourism, operator of India's only domestic ocean cruise brand Cordelia, debuted at Rs 681 on NSE, 16% under its Rs 808 issue price. The Rs 585-crore IPO was booked just 1.46x overall, though retail subscribed 4.19x. The company holds 79% market share in FY25 with an average ticket of Rs 10,980.
Waterways Leisure Tourism, operator of India's only domestic ocean cruise brand Cordelia Cruises, listed 16% below its Rs 808 IPO price. The Rs 585-crore IPO was booked 1.46x, driven by retail investors, with strong FY25 market share.