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Issue Open Date
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23-Jun-26
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Issue Closing Date
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25-Jun-26
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Application Money
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100
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Allotment Money
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Price Band
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769
-
808
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Minimium Application No.
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18
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Issue Size (Shares)
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4184004
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Market Lot
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1
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Objective
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1.Payment towards deposit/ advanced lease rental and monthly lease payments to our step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited (“Baycruise IFSC”).2.General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1141092
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1340730
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1.17495346562766
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Qualified Institutional Buyers
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2282184
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2307762
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1.0112076852699
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Retail Individual Investors
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760728
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3187944
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4.19064895731457
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Business Description
We are the only domestic ocean cruise operator in India as of December 31, 2024 (Source: CRISIL Report), offering luxurious and inherent Indian experiences. We believe this enables us to set industry benchmarks, foster brand loyalty, and establish pricing standards, thereby strengthening our market presence and creating a strong competitive position. We currently operate a cruise vessel, the ‘MV Empress’, and since our launch, 5,49,051 guests have sailed on our cruise vessel, which has covered more than 2,25,079.53 nautical miles along the Indian coastline and surrounding islands as of December 31, 2024. In Fiscal 2024, we accounted for approximately 65% of the market share in value terms. (Source: CRISIL Report) Our cruise vessel primarily sails to domestic destinations such as Mumbai (Maharashtra), Goa, Kochi (Kerala), Chennai (Tamil Nadu), Lakshadweep, Visakhapatnam (Andhra Pradesh), and Puducherry. We also offer 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). Our itineraries are designed to showcase India’s coastal regions and cultural heritage, providing guests with an enriching travel experience and establishing ourselves as the go-to choice for luxury and cultural cruising. Our cruise vessel ‘MV Empress’ offers a variety of cabin options, including one chairman’s suite, five suites, 63 mini suites, 416 ocean-view staterooms, and 311 interior staterooms, totaling 796 cabins, with prices ranging from ? 25,230 (interior rooms) per night to ? 115,536 (Chairman suite) per night, subject to dynamic pricing and load factor considerations.
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Promoter's Holding
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Total Share Capital
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64681980
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Offered to Public
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7607282
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Promoter's Holding (Pre-Issue)
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99.27
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Promoter's Holding (Post-Issue)
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Address |
A-1601
Marathon Futurex
N M Joshi Marg
Lower
Delisle Road
Parel (East)
Mumbai,
Maharashtra,
400013
Phone : 022 49844441 / 49844444
Email : cs@waterways-leisure.com
Website : www.cordeliacruises.com
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
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Centrum Capital Ltd
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Promoters |
Global Shipping
Leisure Ltd.
Rajesh Chandumal Hotwani
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