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CORDELIA · NSE,BSE · cruise tourism and hospitality
Waterways Leisure Tourism IPO (Cordelia Cruises) listed on 01 Jul 2026 on NSE,BSE at ₹681.00, a loss of 15.72% over the issue price of ₹808.00. The IPO was subscribed 1.46x overall.
Waterways Leisure Tourism IPO (Cordelia Cruises) tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 23 Jun 2026 |
| IPO Close Date | 25 Jun 2026 |
| Basis of Allotment | 29 Jun 2026 |
| Initiation of Refunds | 30 Jun 2026 |
| Credit of Shares to Demat | 30 Jun 2026 |
| Listing Date | 01 Jul 2026 |
Listing day gain
-15.72%
Listed at ₹681 (issue ₹808)
Issue
₹808
Listing
₹681
Current
₹668.1
-17.31% vs issue
Day range
₹623.1 – ₹722.7
Issue Size
7,240,099 shares
(aggregating up to ₹585.00 Cr)
Issue Price
₹769 – ₹808
Face Value
₹10/share
Market Lot
18 shares
Retail Min Investment
₹14,544
Listing At
NSE,BSE
Sale Type
fresh issue
Fresh Issue
7,240,099 shares
(aggregating up to ₹585 Cr)
Offer for Sale
[.]
Issue Type
book building
Open Date
23 Jun
Close Date
25 Jun
Allotment
29 Jun
Listing
01 Jul
Last updated: 3 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 01 Jul 2026 Latest | ₹808 | ₹0 | ₹808 | ₹0 |
0%
|
12:55 AM |
| 30 Jun 2026 | ₹808 | ₹47.5 | ₹855.5 | ₹47.5 |
5.88%
|
5:36 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 25 Jun 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 0.69x |
| NII | 1.17x |
| bNII (bids above ₹10L) | 0.89x |
| sNII (bids below ₹10L) | 1.74x |
| Retail Investors | 4.19x |
| Total | 1.46x |
Showing the latest subscription snapshot.
View full subscription historyGlobal Shipping and Leisure Limited and Rajesh Chandumal Hotwani are the promoters of the Company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 18 | ₹14,544 |
| Retail (Max) | 13 | 234 | ₹189,072 |
| S-HNI (Min) | 14 | 252 | ₹203,616 |
| S-HNI (Max) | 68 | 1,224 | ₹988,992 |
| B-HNI (Min) | 69 | 1,242 | ₹1,003,536 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,172,029 (75.00%) |
| NII (HNI) Shares Offered | 1,086,015 (15.00%) |
|
•
bNII > ₹10L
|
724,010 (10.00%) |
|
•
sNII < ₹10L
|
362,005 (5.00%) |
| Retail Shares Offered | 724,010 (10.00%) |
| Total Shares Offered | 3,982,054 (100.00%) |
Incorporated in 2020, Waterways Leisure Tourism Limited has pioneered a new era in India's hospitality sector by establishing the nation’s premier domestic ocean cruise network. Headquartered in Mumbai, Maharashtra, the company operates under its highly celebrated brand name, "Cordelia Cruises," bridging the gap between world-class maritime luxury and culturally authentic Indian holiday experiences.
The operational centerpiece of the company is its massive, premium cruise liner, the MV Empress. Spanning 11 passenger decks, the vessel functions as a floating city equipped with multiple dining venues, entertainment theatres, and recreational zones. Catering directly to the distinct vacation habits of Indian families and corporate groups, Cordelia manages dynamic itineraries connecting major domestic ports like Mumbai, Goa, Kochi, and Chennai with international destinations across Sri Lanka and Southeast Asia. As a testament to its operational footprint, the cruise line recorded an impressive 88.7% occupancy rate in Fiscal 2025.
Financially, the company has achieved a strong operational turnaround, posting total revenues of ₹598 crore alongside a net profit of ₹168 crore for Fiscal 2025.
Standalone · ₹ in Crores
| Particulars | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Total Revenue | 136.75 | 486.22 | 450.2 |
| Profit After Tax (PAT) | -114.98 | 55.31 | -119.96 |
| EBITDA | - | - | - |
| Total Assets | 57.8 | 307.02 | 327.93 |
| Net Worth | -114.85 | 5.19 | -114.77 |
| Reserves & Surplus | -114.87 | -59.55 | -179.51 |
| Total Borrowing | 73.51 | - | - |
Revenue & Profit Trend
The basis of allotment for Waterways Leisure Tourism IPO (Cordelia Cruises) was finalised on 29 Jun 2026. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Waterways Leisure Tourism IPO (Cordelia Cruises) is expected to open in Jun 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Waterways Leisure Tourism IPO (Cordelia Cruises) is ₹769.00 - ₹808.00 per share.
As per market sources, Waterways Leisure Tourism IPO (Cordelia Cruises) GMP is currently ₹0.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Waterways Leisure Tourism IPO (Cordelia Cruises) stands at 1.46x overall.
The listing date for Waterways Leisure Tourism IPO (Cordelia Cruises) is 01 Jul 2026.
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