Cordelia Cruises parent Waterways Leisure files ₹585 cr IPO, holds 79% of India's overnight ocean cruise market
Waterways Leisure Tourism opens its ₹585 crore mainboard IPO on June 23-25 at a ₹769-808 price band, with a minimum lot of 18 shares (₹14,544). The Cordelia Cruises operator commands 79% of India's overnight ocean cruise segment in FY25, sailing from Mumbai, Goa, Kochi, Chennai and Lakshadweep. GMP trends at +11.
Cordelia Cruises parent Waterways Leisure Tourism launches ₹585 crore mainboard IPO June 23-25 at ₹769-808 band. Company holds 79% share of India's overnight ocean cruise market, operating from Mumbai, Goa, Kochi and other ports.
Why this matters
Waterways Leisure's IPO marks a first listed pure-play for India's nascent ocean cruise market, with Cordelia Cruises commanding dominant 79% share across five port homeports.
Retail-company signals steady at 3,430 over the last 90 days, indicating consistent corporate activity flow.