India’s leading premium cruise line operator, Cordelia Cruises, is charting a new course for expansion with its proposed ₹727 crore Initial Public Offering (IPO). The parent company, Waterways Leisure Tourism Pvt. Ltd., has officially filed draft papers with SEBI to raise funds aimed at strengthening its presence in domestic and international cruise tourism. The IPO proceeds will primarily be used to acquire new cruise liners, modernize existing infrastructure, and invest in digital booking and onboard experience platforms. With cruise tourism gaining momentum post-pandemic and government support through initiatives like the ‘Cruise Bharat Mission,’ Cordelia plans to capitalize on growing demand for luxury maritime travel in India. Industry experts say this IPO could mark a transformative phase in India’s travel sector, positioning Cordelia as a major player in South Asia’s cruise market. The offering will include a mix of fresh equity issuance and an offer for sale (OFS) by existing stakeholders. Market watchers are optimistic, citing strong brand recall, robust passenger growth, and an untapped coastline of over 7,500 km. If successful, the Cordelia IPO could spark investor interest in India’s nascent but promising cruise tourism industry. Track updates on IPO timeline, pricing, and listing details here.
