Waterways Leisure (Cordelia Cruises) Rs 585 Cr IPO Closes Today; Retail Books 2.10x
Cordelia Cruises operator Waterways Leisure Tourism enters final subscription day for its Rs 585 crore IPO at Rs 769-808 price band. Overall book at 45% on day two, but retail portion oversubscribed 2.10x with Rs 14,544 minimum ticket. Listing slated for July 1 on BSE and NSE.
What happened
Waterways Leisure Tourism, operator of Cordelia Cruises, enters final day of its Rs 585 crore IPO with price band Rs 769-808. Subscription at 45% on day two,
Key facts
- Rs 585 crore issue size
- price band Rs 769-808
- fresh issue 72 lakh shares
- lot size 18 shares
- Rs 14,544 minimum
- 45% subscribed day 2
- retail 2.10x
Why this matters
Waterways Leisure's Rs 585 Cr raise positions Cordelia as India's lone domestic cruise platform, opening doors for port partnerships, fleet M&A, and adjacent leisure-tourism roll-ups.
What to watch
- QIB subscription crossing 1x by 3pm IST today
- GMP moving below issue price (negative premium)
- Cordelia operational updates: occupancy rates, new ship additions, route expansion
- Monsoon impact on Q1 FY26 cruise bookings
- Cruise India Mission policy tailwinds or port infrastructure announcements
- Listing-day volume and delivery percentage
- Track final subscription numbers post 5pm IST, segment-wise (QIB/NII/Retail)
- Monitor grey market premium (GMP) trajectory through June 27-30
- Check anchor investor lock-up disclosures and any block deal chatter pre-listing
- Map peer leisure/hospitality listings (Le Travenues, Thomas Cook) for valuation comp
- Flag to retail desk: prepare listing-day playbook for July 1 (stop-loss at -8%, profit-take at +12%)