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The Economic Times
The Economic Times
Akash Podishetti

Waterways Leisure Tourism announces price band for its IPO opening on June 23

Waterways Leisure Tourism IPO Cordelia Cruises India

Waterways Leisure Tourism, the operator of Cordelia Cruises, has fixed the price band for its IPO at Rs 769-808 per equity share. The public issue will open for subscription on June 23 and close on June 25. The IPO is entirely a fresh issue worth up to Rs 585 crore. Investors can bid for a minimum of 18 equity shares and in multiples of 18 shares thereafter.

The company plans to utilise Rs 480 crore from the issue towards deposits, advance lease rentals and monthly lease payments for its step-down subsidiary, Baycruise Shipping and Leasing (IFSC). The remaining funds will be used for general corporate purposes.

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