Cordelia Cruises parent sets ₹769-808 band for ₹585-crore IPO, opens June 23
Waterways Leisure Tourism priced its ₹585-crore IPO at ₹769-808 per share with a June 23-25 window. Bulk of proceeds (₹480 crore) funds lease deposits for two new vessels. FY26 profit slipped to ₹52 crore from ₹168 crore on expansion costs, while revenue held near ₹580 crore. Operator has carried 7 lakh passengers since Sept 2021.
Waterways Leisure Tourism, operator of Cordelia Cruises, priced its ₹585-crore IPO at ₹769-808 per share, opening June 23-25. Proceeds fund lease deposits for two new vessels. FY26 profit fell to ₹52 crore on expansion costs.