Archive · 16 Jun 2025
Cordelia Cruises Operator Plans Rs 727 Crore IPO
Cordelia Cruises, an Indian cruise operator, is planning to sell shares to raise money.
They aim to collect about 727 crore rupees, which will go towards paying for their cruise ship leases and other business expenses.
The company reported a loss in the last financial year but performed well in the months leading up to December.
The company operates the 'MV Empress' cruise ship and offers various cruise experiences.
Investors will be able to buy these shares, with a portion set aside for different types of investors.
Waterways Leisure Tourism, operator of Cordelia Cruises, plans an IPO to raise Rs 727 crore.
The IPO is a fresh issue of shares, with proceeds funding lease payments and corporate purposes.
The company reported a loss of Rs 119.9 crore in FY24, despite a strong performance in the nine months ending December 31, 2024.
Revenue from operations decreased to Rs 442.1 crore in FY24 from Rs 481.9 crore the previous year.
The Mumbai-based company operates the only domestic ocean cruise line in India under the Cordelia Cruises brand.
- Who
- Waterways Leisure Tourism, operating under the Cordelia Cruises brand.
- What
- Waterways Leisure Tourism, operator of Cordelia Cruises, is launching an IPO to raise Rs 727 crore.
- When
- The company filed its DRHP. Financial results vary, with a loss in FY24 but a profit for the nine months ending December 31, 2024.
- Where
- Mumbai, India.
- Why
- To raise funds for lease payments and general corporate purposes.
- Company
- Waterways Leisure Tourism
- Brand
- Cordelia Cruises
- IPO Amount
- Rs 727 crore
- Use of Funds
- Lease payments and general corporate purposes
- Fiscal Year 2024 Loss
- Rs 119.9 crore
- Fiscal Year 2024 Revenue
- Rs 442.1 crore
- Registrar
- MUFG Intime India Private Limited
- Lead Managers
- Centrum Capital Limited, Intensive Fiscal Services Private Limited, and Motilal Oswal Investment Advisors Limited
