Cordelia Cruises operator Waterways Leisure opens Rs 585 cr IPO on June 23 at Rs 769-808 band
Waterways Leisure Tourism, which runs Cordelia Cruises across Mumbai, Goa, Kochi, Chennai, Lakshadweep, Vizag and Puducherry, opens its Rs 585 crore fresh-issue IPO on June 23, 2026. Company commands 79% domestic cruise share, served 730,819 guests, and posted FY26 revenue of Rs 580 cr with Rs 52 cr net profit.
What happened
Cordelia Cruises operator Waterways Leisure Tourism opens its Rs 585 crore IPO on June 23, 2026 at Rs 769-808 price band. Company holds 79% domestic cruise
Key facts
- price band Rs 769-808
- fresh issue Rs 585 cr
- Rs 480 cr lease deposit
- FY26 revenue Rs 580 cr
- FY26 net profit Rs 52 cr
- 79% market share FY25
- 730,819 guests
Why this matters
Cordelia's IPO crystallizes a defensible cruise platform across Mumbai-Goa-Kochi-Lakshadweep that could attract strategic interest from global cruise majors or hospitality conglomerates seeking India coastal-leisure exposure post-listing.