Cordelia Cruises opens ₹585 cr IPO, India's 1st cruise listing
Cordelia Cruises, the biggest player in India's overnight ocean cruise scene, is about to make history as the country's first cruise line to go public.
Its ₹585 crore IPO opens June 23-25, with shares priced between ₹769 and ₹808.
If all goes well, it will be listed on July 1 and valued at nearly ₹5,849.48 crore.
IPO to fund ₹480 cr leases
Most of the IPO funds (₹480 crore) will go toward leasing two new ships, Norwegian Sky and Norwegian Sun, which are set to join its fleet in fiscal 2027 and fiscal 2028.
The rest will cover general business needs.
Cordelia pulled in ₹579.7 crore revenue in FY26 and runs cruises from Mumbai, Kochi, and Chennai to international spots like Sri Lanka, Thailand, and Singapore.
This move fits right into India's big push for better maritime tourism by 2029.