Cordelia Cruises parent Waterways Leisure opens Rs 585 cr IPO June 23 at Rs 769-808 band
Waterways Leisure Tourism, operator of Cordelia Cruises with 65% India cruise market share in FY24, launches its IPO June 23-25 at a Rs 5,849 crore valuation. Fresh issue proceeds will fund acquisition of Norwegian Sky and Sun vessels to expand domestic cruise capacity. FY24 revenue stood at Rs 442 crore with 9M PAT of Rs 139 crore.
Cordelia Cruises parent Waterways Leisure Tourism opens Rs 585 crore IPO June 23-25 at Rs 769-808 band, valuing the hospitality operator at Rs 5,849 crore. Plans to add Norwegian Sky and Sun vessels to expand India cruise capacity.
Why this matters
Follows Cordelia's price band announcement, confirming IPO launch dates and capacity expansion plans via Norwegian Sky and Sun vessel acquisitions to extend its domestic cruise market lead.
Retail-company signals steady at 3,082 over the past 90 days.