Stock Market Today: Waterways Leisure Tourism, which operates “Cordelia Cruises,” has filed a DRHP (Draft Red Herring Prospectus) for an Initial Public Offering (IPO). Check details
Waterways Leisure Tourism IPO- Details
About Waterways Leisure Tourism Limited
Waterways Leisure Tourism Limited operates the only domestic cruise line, Cordelia Cruises, which operates mainly from Mumbai and Chennai.
Mumbai-based cruise operator Waterways Leisure Tourism, the only domestic ocean cruise operator in India as of December 31, 2024, as per CRISIL Report, is offering luxurious and inherently Indian experiences.
Waterways Leisure Tourism—Size of the IPO
The Waterways Leisure Tourism has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI). Waterways Leisure Tourism intends to raise ₹727 crore through an initial public offering (IPO).
Waterways Leisure Tourism IPO: Face value of shares and other details
The initial public offering, or Waterways Leisure Tourism IPO, with a face value of ₹10, involves entirely a fresh issue of shares up to ₹727 crore. The offering by Waterways Leisure Tourism does not have any offer-for-sale component.
Waterways Leisure Tourism IPO Registrar and Lead Managers— As per the DRHP filed by Waterways Leisure Tourism Limited, the registrar for its initial public offering, or IPO, is MUFG Intime India Private Limited, which formerly was also known as Link Intime India Private Limited.
Waterways Leisure Tourism IPO—Lead Managers
The book-running lead managers for IPO include Centrum Capital Limited, Intensive Fiscal Services Private Limited, and Motilal Oswal Investment Advisors Limited
Waterways Leisure Tourism—Objective of the issue
Waterways Leisure Tourism plans to utilize the proceeds from the fresh issue to the extent of ₹552.53 crores for payment towards deposit and advanced lease rental and monthly lease payments to its step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited (“Baycruise IFSC”). The rest of the amount from the planned raising of ₹727 crore will be utilized for general corporate purposes by Waterways Leisure Tourism.
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