Waterways Leisure Tourism(Cordelia Cruises)
UPCOMINGIPO Date: 23 Jun - 25 Jun 2026
Listing Date: 1 Jul 2026
Price Range
Rs.769 - Rs.808
Issue Size
584 Cr
Min Investment
₹13,842
Lot Size
18 Shares
Schedule of Waterways Leisure Tourism(Cordelia Cruises)
Issue open date
23 Jun 2026
Issue close date
25 Jun 2026
UPI mandate deadline
25 Jun 2026 (5 PM)
Allotment finalization
29 Jun 2026
Share credit
30 Jun 2026
Listing date
1 Jul 2026
Mandate end date
10 Jul 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 584 Cr |
| Fresh Issue | 585 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 29 Jun 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 21 Jun 2026 | ₹808 | ₹10 | ₹818 (1.24%) |
| 20 Jun 2026 | ₹808 | ₹24 | ₹832 (2.97%) |
| 19 Jun 2026 | ₹808 | ₹16 | ₹824 (1.98%) |
| 18 Jun 2026 | ₹808 | ₹20 | ₹828 (2.48%) |
Performance Waterways Leisure Tourism(Cordelia Cruises)
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.769 - Rs.808 | .... | .... | .... |
About Waterways Leisure Tourism(Cordelia Cruises)
Waterways Leisure Tourism Limited is a cruise tourism company engaged in operating ocean and coastal cruise services in India. The company operates the cruise vessel MV Empress and offers voyages to domestic destinations including Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, and Puducherry, along with select international itineraries such as Sri Lanka, Thailand, Singapore, and Malaysia. Its cruise operations include accommodation, dining, entertainment, and onboard amenities for passengers. The company also provides facilities for meetings, incentives, conferences, and exhibitions (MICE) events, weddings, and group travel.
| Founded in | 2020 |
| Managing director | Mr Jurgen Bailom |
| Parent organization |
Financial Overview
Strengths
- Operates the Cordelia Cruises brand in India’s ocean cruise tourism market.
- Generates the majority of its revenue from cruise ticket sales, providing a focused revenue stream.
- Offers multiple onboard services and experiences that create additional revenue opportunities.
- Has plans to expand capacity through the introduction of two additional cruise vessels.
- Led by an experienced senior management team with backgrounds in the cruise, shipping, and tourism industries.
Risks
- The company currently relies on a single operating cruise vessel, MV Empress.
- A significant portion of revenue comes from cruise ticket sales, making earnings sensitive to demand fluctuations.
- Cruise operations depend on third-party service providers for key functions such as vessel management and hospitality services.
- Expansion plans depend on successfully acquiring and operating additional cruise vessels.
- The cruise tourism industry in India is still at a nascent stage and faces infrastructure and regulatory challenges.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |