Cordelia Cruises IPO Details
| IPO Open Date | 2025 |
| IPO Close Date | 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹727 Crores |
| Fresh Issue | Approx ₹727 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Cordelia Cruises IPO Review & Key Points
- Review:
Cordelia Cruises IPO Market Lot
The Waterways Leisure Tourism IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Cordelia Cruises IPO Anchor Investors
| Anchor Bidding Date | 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2025 |
| lock-in period end date 50% shares (90 Days) | 2025 |
Cordelia Cruises IPO Dates
The Cordelia Cruises IPO date is 2025 and the close date is 2025. The Cordelia Cruises IPO allotment will be finalized on 2025 and the IPO listing on 2025.
| IPO Open Date: | 2025 |
| IPO Close Date: | 2025 |
| Basis of Allotment: | 2025 |
| Refunds: | 2025 |
| Credit to Demat Account: | 2025 |
| IPO Listing Date: | 2025 |
| IPO Bidding Cut-off Time: | 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Global Shipping and Leisure Limited and Rajesh Chandumal Hotwani.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 6,51,54,444 | 99.27% |
| Promoter Holding Post Issue | 6,51,54,444 | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Payment towards deposit/ advanced lease rental and monthly lease payments to our stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited (“Baycruise IFSC”). | ₹552.53 |
| General Corporate Purpose | ₹- |
About Cordelia Cruises IPO
As of December 31, 2024, Cordelia Cruises, also known as Waterways Leisure Tourism, is the only Indian company operating ocean cruises. The company has been engaged in providing luxury cruises with a blend of authentic Indian experiences that has allowed them to build brand loyalty and win customers by keeping the prices low.
Cordelia Cruises just runs one cruise ship right now, the “MV Empress,” which includes 796 cabins, including suites, mini suites, ocean-view rooms, and interior rooms. There have been 5,49,051 people who have travelled the ship since it was first launched. As of December 31, 2024, the cruise has traveled 2,25,079 nautical miles to major Indian destinations like Mumbai, Goa, Kochi, Chennai, Lakshadweep, Visakhapatnam, and Puducherry, and also to international trips to places like Hambantota, Trincomalee, and Jaffna in Sri Lanka. Cordelia cruise trips have been the preferred choice for giving its guests luxury and a memorable experience.
Cordelia Cruises IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹136.75 | ₹178.98 | ₹114.98 | ₹57.80 |
| 2023 | ₹486.22 | ₹430.91 | ₹55.31 | ₹307.02 |
| 2024 | ₹450.20 | ₹555.68 | ₹119.96 | ₹327.93 |
| December 2024 | ₹414.21 | ₹351.90 | ₹139.25 | ₹243.79 |
Cordelia Cruises IPO Valuation – FY2024
Check Cordelia Cruises IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 2.19% |
| ROCE: | 0.61% |
| EBITDA Margin: | 0.25% |
| PAT Margin: | (0.27)% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹(18.55) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 218.94% |
| Net Asset Value (NAV): | ₹(17.74) |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Chalet Hotels Limited | 13.54 | 68.15 | 15.02% | 90.07 | 1,417.25 Cr. |
| Lemon Tree Hotels Limited | 1.88 | 73.80 | 2.50% | 75.26 | 1,071.12 Cr. |
| Juniper Hotels Limited | 1.46 | 215.75 | 1.22% | 119.34 | 817.66 Cr. |
| Samhi Hotels Limited | (14.67) | (13.50) | (31.08)% | 47.20 | 957.39 Cr. |
| Taj GVK Hotels &Resorts Limited | 14.78 | 29.42 | 16.92% | 87.35 | 407.99 Cr. |
| Wonderla Holidays Limited | 27.93 | 23.26 | 15.95% | 174.57 | 483.04 Cr. |
| Imagicca World Entertainment | 11.48 | 6.80 | 65.21% | 16.48 | 260.02 Cr. |
IPO Lead Managers aka Merchant Bankers
- Centrum Capital Ltd.
- Intensive Fiscal Services Pvt. Ltd.
- Motilal Oswal Investment Advisors Ltd.
Company Address
Waterways Leisure Tourism Ltd.
A-1601, Marathon Futurex,
NM Joshi Marg,
Lower Parel, Delisle Road,
Mumbai, Maharashtra, 400013
Phone: +9102271541821
Email: [email protected]
Website: http://www.cordeliacruises.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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Note: The Cordelia Cruises IPO price band and date are officially announced. The (Cordelia Cruises IPO grey market premium) will be added to the IPO GMP page as it will start).
