Upcoming IPO, June 16 -- Waterways Leisure Tourism, which operates Cordelia Cruises, has filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) with the stock market regulator Securities and Exchange Board of India (SEBI).

The Mumbai-based cruise operator, Waterways Leisure Tourism, is the only domestic ocean cruise operator in India as of December 31, 2024, as per a CRISIL Report. It operates the only domestic cruise line, Cordelia Cruises, mainly from Mumbai and Chennai.

The company offers luxurious and inherently Indian experiences.

Waterways Leisure Tourism intends to raise Rs.727 crore via the initial share sale.

Waterways Leisure Tourism IPO is entirely a fresh issue of shares of face value of Rs.10. Th...