Waterways Leisure Tourism, which operates Cordelia Cruises, is planning to raise ₹727 crore through an Initial Public Offering (IPO). The company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The IPO, with a face value of ₹10, is a fresh issue of shares amounting to ₹727 crore, with no offer-for-sale component. The funds raised will be used for lease payments to its subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited, and general corporate purposes.
