Cordelia Cruises Parent Waterways Leisure Tourism IPO to Open on 23 June: Check Key Issue Details
Cordelia Cruises Parent Waterways Leisure Tourism IPO to Open on 23 June: Check Key Issue Details
Waterways Leisure Tourism Limited, the parent company of Cordelia Cruises, will open its ₹585 crore initial public offering (IPO) for subscription on 23 June 2026, and the issue will remain open until 25 June 2026.
The book-built issue is entirely a fresh issue of equity shares with no offer-for-sale (OFS) component. Anchor investor bidding is scheduled for 22 June 2026, while the basis of allotment is expected to be finalised on 29 June 2026. The company's shares are tentatively scheduled to list on both the BSE and NSE on 1 July 2026.
Waterways Leisure Tourism IPO - Issue Details
As per the RHP,
- Issue Type: Book Building IPO (Fresh Issue Only)
- Total Issue size: ₹585.00 crore
- Fresh Issue: ₹585.00 crore
- Face Value: ₹10 per equity share
- Price Band: ₹769 to ₹808 per share
- Lot Size: 18 shares
- Listing: BSE, NSE
- Book Building Lead Managers: Centrum Broking Limited.
- Registrar: MUFG Intime India Private Limited
Waterways Leisure Tourism IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
23 June 2026 |
|
Subscription Closing Date |
25 June 2026 |
|
Allotment Date |
29 June 2026 |
|
Refund Date |
30 June 2026 |
|
Credit of Shares |
30 June 2026 |
|
Listing on BSE and NSE |
1 July 2026 |
Note - The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Waterways Leisure Tourism IPO Category-wise Investment Limits
The application size for each category is as follows -
|
Category |
Investment Range |
|
Qualified Institutional Buyers (QIBs) |
Not less than 75% of the Net Issue |
|
Non-Institutional Investors (NIIs) |
Not more than 15% of the Net Issue |
|
Retail Individual Investors (RII) |
Not more than 10% of the Net Issue |
The minimum investment amount for each category, based on the upper price band of ₹808 per share, is as follows -
|
Investor Category |
Lots |
Shares |
Investment Amount (Approx.) |
|
Retail (Minimum) |
1 |
18 |
₹14,916 |
|
Retail (Maximum) |
13 |
234 |
₹1,89,072 |
|
sNII (Minimum) |
14 |
252 |
₹2,03,616 |
|
bNII (Minimum) |
69 |
1,242 |
₹10,03,536 |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Payment towards deposits/ advance lease rental and monthly lease payments to our step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited (“Baycruise IFSC”).
- General corporate purposes.
About Waterways Leisure Tourism Limited
Incorporated in 2020, Waterways Leisure Tourism Limited, the parent company of Cordelia Cruises, is a leading domestic ocean cruise operator in India, offering premium cruise vacations. The company combines luxury accommodation, entertainment, dining, and hospitality experiences with itineraries spanning major Indian coastal destinations and select international locations.
Waterways Leisure Tourism operates the MV Empress, a cruise vessel with 796 cabins and a guest capacity of over 2,000 passengers.
As of March 31, 2026, more than 730,000 guests had sailed aboard its cruises, covering over 321,000 nautical miles.
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from Operations |
₹579.7 Cr. |
₹590.6 Cr. |
₹444.0 Cr. |
|
Profit After Tax |
₹52.14 Cr. |
₹168.19 Cr. |
(₹122.73 Cr.) |
|
EBITDA |
₹117.48 Cr. |
₹215.26 Cr. |
₹111.15 Cr. |
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