Cordelia Cruises parent's Rs 585 cr IPO limps to final day at 69% subscribed; GMP just Rs 5
Waterways Leisure Tourism, operator of India's only domestic ocean cruise line with 79% value share in FY25, heads into IPO close at 69% subscription. Price band Rs 769-808, anchor book Rs 263.25 cr led by Baroda BNP Paribas. Tepid grey market premium of Rs 5 signals muted listing appetite for the leisure-hospitality play.
Waterways Leisure Tourism, parent of Cordelia Cruises (India's only domestic ocean cruise operator with 79% value share), enters final day of its Rs 585-crore IPO at 69% subscription; raised Rs 263.25 crore from anchors including Baroda BNP Paribas.