Cordelia Cruises parent's ₹585cr IPO limps to 35% on Day 2; retail 1.66x as QIBs sit out
Waterways Leisure Tourism, which operates Cordelia Cruises, is seeing tepid demand for its ₹585 crore IPO at a ₹769-808 price band. Day-2 subscription stands at just 35%, with retail 1.66x, NII 16%, and QIBs absent. GMP has thinned to ₹3.5 as analysts flag a steep ~101x P/E. Issue closes June 25; listing July 1.
Cordelia Cruises operator Waterways Leisure Tourism's ₹585 crore IPO sees muted day-2 demand at 35% subscription, with retail at 1.66x and QIBs yet to bid. GMP a thin ₹3.5; analysts flag aggressive 101x P/E valuation.