Cordelia Cruises parent's ₹585cr IPO opens cold: 0.20x Day 1, GMP flags flat July 1 listing
Waterways Leisure Tourism, which runs MV Empress under the Cordelia Cruises brand, drew just 0.20x subscription on Day 1 of its ₹585-crore IPO. Retail booked 1.02x but NII lagged at 0.04x. At the ₹808 upper band, post-issue valuation pegs at ₹5,849 crore; a ₹12 GMP points to a flat debut on July 1.
Cordelia Cruises operator Waterways Leisure Tourism's ₹585-crore IPO saw tepid Day 1 demand at 0.20x overall, though retail booked 1.02x. GMP of ₹12 signals flat listing on July 1 at ~₹5,849-crore valuation.