Overview

• Waterways Leisure Tourism filed its Draft Red Herring Prospectus with SEBI on June 16 to raise Rs727 crore through a fresh equity issue.
• The IPO follows a book-building process that allocates 75% of shares to qualified institutional buyers, 15% to non-institutional investors and 10% to retail bidders.
• Proceeds will primarily cover lease payments to Baycruise Shipping and Leasing (IFSC) Private Limited and support broader corporate activities.
• Under the Cordelia Cruises brand, the MV Empress has hosted over 549,000 guests, and two new vessels—Norwegian Sky and Norwegian Sun—are slated to expand capacity.
• The operator reported Rs442.11 crore in revenue for Fiscal 2024, a nine-month profit after tax of Rs139.25 crore through December 2024 and maintains about 65% of the domestic cruise market share.