Vessel acquisition & lease deposits ~₹552.5 Cr General corporate purposes ~₹174.5 Cr (balance portion)

Created with ©Emozi Technologies

12:T571,

India’s largest homegrown cruise operator, Waterways Leisure Tourism (Cordelia Cruises), has launched an IPO draft to raise ₹727 Cr. This capital raise signals a strategic push to scale fleet capacity and cater to expanding domestic cruise demand along India’s coastline.

Why This IPO Matters for the Indian Cruise Market

The full fresh-issue structure means all proceeds benefit the company, underscoring promoter commitment.
With a 65% market share in FY24 by value, Cordelia commands the domestic cruise landscape.
The move boosts prospects for agents, airlines, and travel planners focused on regional tourism.

Use of Funds: Strategic Expansion

Purpose	Amount (₹ Cr)
Vessel acquisition & lease deposits	~₹552.5 Cr
General corporate purposes	~₹174.5 Cr (balance portion)

Created with ©Emozi Technologies

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