Tag Archives: Waterways Leisure Tourism

Waterways Leisure Tourism, which operates Cordelia Cruises, is planning to raise ₹727 crore through an Initial Public Offering (IPO). The company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The IPO, with a face value of ₹10, is a fresh issue of shares amounting to ₹727 crore, with no offer-for-sale component. The funds raised will be used for lease payments to its subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited, and general corporate purposes.

Cordelia cruises have successfully completed 16 sailings with approximately 17,776 families and guests since its launch in mid-September. They have achieved 100% consumer occupancy. Jurgen Bailom, CEO and President, Waterways Leisure Tourism, says. “Indians were far from familiar with cruising especially locally. The thick of the pandemic was itself a significantly daunting time. I am overjoyed and humbled in equal measure with the response we have received since our launch. This response is pushing us to do better and offer so much more. Cordelia Cruises has put India on the global cruising map.”