Cordelia Cruises Ipo
Cordelia Cruises IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Centrum Capital Ltd.
Intensive Fiscal Services Pvt. Ltd.
Motilal Oswal Investment Advisors Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 6,51,54,444 | 99.27% |
| Promoter Holding Post Issue | 6,51,54,444 | -% |
| Purpose | Crores |
| Payment towards deposit/ advanced lease rental and monthly lease payments to our stepdown subsidiary, Baycruise Shipping and Leasing (IFSC) Private Limited (“Baycruise IFSC”). | ₹552.53 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹136.75 | ₹178.98 | ₹114.98 | ₹57.80 |
| 2023 | ₹486.22 | ₹430.91 | ₹55.31 | ₹307.02 |
| 2024 | ₹450.20 | ₹555.68 | ₹119.96 | ₹327.93 |
| December 2024 | ₹414.21 | ₹351.90 | ₹139.25 | ₹243.79 |
| KPI | Values |
| ROE: | 2.19% |
| ROCE: | 0.61% |
| EBITDA Margin: | 0.25% |
| PAT Margin: | (0.27)% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹(18.55) (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 218.94% |
| Net Asset Value (NAV): | ₹(17.74) |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Chalet Hotels Limited | 13.54 | 68.15 | 15.02% | 90.07 | 1,417.25 Cr. |
| Lemon Tree Hotels Limited | 1.88 | 73.80 | 2.50% | 75.26 | 1,071.12 Cr. |
| Juniper Hotels Limited | 1.46 | 215.75 | 1.22% | 119.34 | 817.66 Cr. |
| Samhi Hotels Limited | (14.67) | (13.50) | (31.08)% | 47.20 | 957.39 Cr. |
| Taj GVK Hotels &Resorts Limited | 14.78 | 29.42 | 16.92% | 87.35 | 407.99 Cr. |
| Wonderla Holidays Limited | 27.93 | 23.26 | 15.95% | 174.57 | 483.04 Cr. |
| Imagicca World Entertainment | 11.48 | 6.80 | 65.21% | 16.48 | 260.02 Cr. |
| IPO Open Date | 2026 |
| IPO Close Date | 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹727 Crores |
| Fresh Issue | Approx ₹727 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |