Cordelia’s Parent Company to Open Initial Public Offering

Waterways Leisure Tourism, the parent company of Cordelia Cruises, has set the price range for its initial public offering (IPO) at Rs. 769 to Rs. 808 per equity share, with a face value of Rs. 10 each. The IPO will open for subscription on June 23, 2026, and close on June 25, 2026. Investors can bid for a minimum of 18 shares. The IPO aims to raise up to Rs. 585 crores, with Rs. 480 crores allocated for lease payments to its subsidiary, Baycruise Shipping and Leasing Private Limited. The company reported a revenue of Rs. 580 crores in FY26,

up from Rs. 444 crores in FY24, and a net profit of Rs. 52 crores, compared to a loss of Rs. 123 crores in FY24. The red herring prospectus has been filed with the Registrar of Companies.