Cordelia Cruises parent Waterways Leisure's Rs 585 cr IPO crawls to 28% on Day 2, retail leads at 1.35x
Waterways Leisure Tourism, operator of India's only domestic ocean cruise line with 79% category share in FY25, sees tepid institutional response on Day 2 of its Rs 585 crore IPO. Retail portion oversubscribed 1.35x while overall book at 28%. Price band Rs 769-808; GMP a muted Rs 6. Anchor round earlier raised Rs 263.25 crore.
Cordelia Cruises parent Waterways Leisure Tourism's Rs 585-crore IPO is 28% subscribed on Day 2, with retail at 1.35x. Anchor round raised Rs 263.25 crore. India's only domestic ocean cruise operator commands 79% category share in FY25.