A naukri.com initiative
Bloomberg Quint
1M
31
Image Credit: Bloomberg Quint
Cordelia Cruises Operator Waterways Leisure Tourism Files DRHP To Raise Rs 727 Crore Through IPO
- Waterways Leisure Tourism, operator of Cordelia Cruises, has filed its DRHP with SEBI for an IPO to raise Rs 727 crore.
- The IPO proceeds will be used for lease payments, corporate purposes, and introducing new cruise vessels.
- Equity shares are planned to be listed on NSE and BSE with Centrum Capital, Intensive Fiscal Services, and Motilal Oswal as lead managers.
- The company currently operates the 'MV Empress' cruise vessel and offers various cabin options at different price points.
- They plan to introduce new cruise vessels 'Norwegian Sky' and 'Norwegian Sun' to expand their operations.
- Waterways Leisure Tourism held approximately 65% market share in value terms in fiscal 2024.
- Their revenue from operations in fiscal 2024 was Rs 442.11 crore, and profit for the nine months ended December 31, 2024, was Rs 139.25 crore.
- The cruise operator sails to domestic destinations and offers international itineraries as well.
- They aim to introduce new cruise itineraries tailored to different traveler segments.
- The IPO also includes a fresh issue to fund deposit payments and advance lease rentals.
- MUFG Intime India Pvt. will be the registrar for the IPO.
Read Full Article
1 Like
For uninterrupted reading, download the app