Cordelia Cruises operator opens ₹585 cr IPO at ₹769-808 band, GMP signals tepid debut
Waterways Leisure Tourism, which runs Cordelia Cruises, opened its three-day ₹585 crore fresh issue today at a ₹769-808 price band. Anchors put in ₹263 crore. Proceeds fund Baycruise lease payments. Grey market premium of just ₹12 on an ₹808 ceiling suggests muted listing appetite against a ~₹5,849 crore post-issue market cap.
What happened
Cordelia Cruises (Waterways Leisure Tourism) · Waterways Leisure Tourism, operator of Cordelia Cruises, opened its ₹585 crore fresh-issue IPO (June 23-25) at
Key facts
- ₹585 cr issue size
- Price band ₹769-808
- Lot size 18
- ₹263.25 cr anchor
- GMP ₹12
- Market cap ~₹5,849 cr
Why this matters
Tepid grey market signal on India's first pure-play cruise operator IPO sets a cautious comp for adjacent leisure and experiential travel issuers eyeing public markets in the next 6-12 months.