Tag Archives: IPO

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.

The IPO of Mach Conferences and Events was subscribed 196.70 times. Notably, retail investors demonstrated strong enthusiasm, with a subscription ratio of 136.49 times. The issue being oversubscribed 196.78 times, received bids for over 72.6 crore shares against 36.9 lakh shares offered for subscription.