Cordelia Cruises Files for ₹800 Crore IPO to Expand Fleet
Cordelia Cruises Ipo : Cordelia Cruises, India’s leading premium cruise line, is set to make history by becoming the first cruise operator in the country to launch an Initial Public Offering (IPO). The company, operated by Waterways Leisure Tourism Limited, plans to raise ₹800 crore through the IPO to fund the acquisition of two additional ships, expanding its fleet and guest capacity.
IPO Details and SEBI Approval
The IPO is currently awaiting approval from the Securities and Exchange Board of India (SEBI). Once approved, the funds raised will be used to purchase two new ships, increasing the company’s fleet size and enhancing its operational capabilities. This move is expected to boost Cordelia Cruises’ guest capacity by 4,000 passengers, bringing the total capacity to approximately 6,000 guests.
About Cordelia Cruises
Launched in 2021, Cordelia Cruises has quickly established itself as a premium cruise line in India. The company has welcomed over 530,000 guests since its inception, offering luxurious travel experiences across its fleet. Founded by NRI Rajesh Hotwani and Mumbai-based Hitesh Vakil, Cordelia Cruises has become synonymous with high-quality hospitality and entertainment on the seas.
Fleet Expansion Plans
The addition of two new ships will not only increase guest capacity but also add 1,800 to 2,200 new staterooms and suites. These ships are expected to cater to the growing demand for premium cruise experiences in India. Cordelia Cruises is currently in talks with several major cruise operators in the US and Europe to acquire mid-sized ships capable of accommodating 2,000 to 2,500 passengers.
Jurgen Bailom, President and CEO of Cordelia Cruises, stated, “We have received multiple offers from existing cruise lines as they upgrade their fleets to larger ships. Given the current market dynamics, this is an ideal time for us to expand our fleet and strengthen our position in the industry.”
Strengthening the Board
In a strategic move, Cordelia Cruises has announced the appointment of Vice Admiral Anil Chopra to its board. Chopra’s expertise is expected to bring valuable insights to the company’s operations and growth strategies. The board already includes industry veterans like Jurgen Bailom, Aditya Gupta, and Korali Ansari, with plans to further expand by inviting experts from the tourism and entertainment sectors.
Market Potential and Growth
The Indian cruise tourism market is poised for significant growth, driven by increasing disposable incomes and a growing appetite for luxury travel experiences. Cordelia Cruises’ IPO comes at a time when the industry is recovering from the pandemic, with demand for unique and premium travel options on the rise.
Investment Outlook
The IPO is expected to attract strong investor interest, given Cordelia Cruises’ market leadership, robust growth trajectory, and expansion plans. The company’s focus on enhancing guest experiences and expanding its fleet positions it well to capitalize on the burgeoning cruise tourism market in India.
Stay tuned for updates on the IPO’s SEBI approval, price band, and subscription details.
Disclaimer: This article is for informational purposes only. Stock market investments are subject to market risks. Always consult a financial expert before making investment decisions. bindaasbola.com will not be responsible for any financial loss.
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