Cordelia Cruises (Waterways Leisure Tourism) came to market through an IPO that opened on 23 June 2026 and closed on 25 June 2026, and the shares listed on 1 July 2026 on BSE, NSE. The price band was ₹769 to ₹808 per share and one lot was 18 shares, so the minimum application was ₹14,544. The issue size was ₹585 crore. The whole issue was fresh shares, so the money raised went to the company.
MUFG Intime India Pvt Ltd was the registrar to the issue, and Centrum Capital Limited was the lead manager.
As of 25 June 2026.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Waterways leisure tourism operates in cruise tourism and hospitality under its flagship brand Cordelia Cruises — India's only premium cruise line. Presently, it operates 'MV Express' cruise vessel that chiefly sails to domestic destinations like Mumbai (Maharashtra), Goa, Kochi (Kerala), Chennai (Tamil Nadu), Lakshadweep, Visakhapatnam (Andhra Pradesh), and Puducherry.
It also offers international itineraries, including Hambantota, Trincomalee and Jaffna (Sri Lanka) and have also sold cruise tickets for our first time sail to destinations such as Phuket (Thailand), Singapore, Kuala Lumpur and Langkawi (Malaysia). WLTPL boasts a vibrant cruise culture, blending international standards with Indian tastes in terms of cuisine, hospitality, and entertainment.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
|---|
Waterways Leisure Tourism Limited (Cordelia Cruises) raised ₹263.25 crore from 11 anchor investors at ₹808 per share on June 22, 2026. Foreign portfolio investors dominated the anchor book, with Nova Global, Cullinan Opportunities, Zeal Global, and M7 Global each receiving close to 19% allocation. Baroda BNP Paribas Mutual Fund was the sole domestic MF participant at 7.60% across three schemes.
Global Shipping, Leisure Limited, Rajesh Chandumal Hotwani. Promoter holding 99.27% before the issue and 89.35% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Cordelia Cruises (Waterways Leisure Tourism) IPO was a ₹585 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹769–₹808 per share with a lot size of 18 shares (₹14,544). The IPO was open from June 23 to June 25, 2026 and was subscribed 1.72x. Shares listed on BSE and NSE on July 1, 2026 at ₹681, a 15.7% discount to the issue price of ₹808. MUFG Intime India Pvt Ltd is the registrar.
Centrum Capital Limited is the book running lead manager.
The price band of Cordelia Cruises (Waterways Leisure Tourism) IPO is ₹769 to ₹808 per share.
The lot size of Cordelia Cruises (Waterways Leisure Tourism) IPO is 18 shares.
The minimum investment for Cordelia Cruises (Waterways Leisure Tourism) IPO is approximately ₹14,544 based on the upper price band.
The allotment date of Cordelia Cruises (Waterways Leisure Tourism) IPO is Jun 29, 2026.
Cordelia Cruises (Waterways Leisure Tourism) IPO's final recorded GMP before listing was -₹35 per share (a 4% discount to the ₹808 upper price band). The shares listed at ₹681. GMP is unofficial and does not forecast or guarantee the actual listing price.
Cordelia Cruises (Waterways Leisure Tourism) IPO listed on Jul 1, 2026. It was issued at ₹681.0(NSE) and is currently around ₹85.75 as on 2-Nov-2026 3:30 PM, which is approximately -89.4% versus issue price. The 52-week high is ₹118.53.
You can check Cordelia Cruises (Waterways Leisure Tourism) IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Cordelia Cruises (Waterways Leisure Tourism) IPO allotment status on Rupix for quick and easy access.
₹769 to ₹808 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 18 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,544.
₹14,544, for one lot of 18 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 June 2026 and closed on 25 June 2026.
The basis of allotment was published on 29 June 2026 by MUFG Intime India Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 July 2026 on BSE, NSE.
The issue size was ₹585 crore. The fresh issue was 72,40,099 shares (aggregating up to ₹585 crore).