Cordelia Cruises operator Waterways Leisure Tourism initial public offering (IPO) got subscribed 1.44 times on the third and final day of the share sale on Thursday, so far.


The company's IPO received bids for 56.93 lakh shares against 41.84 lakh shares on offer, as per data available with the NSE, till 4 p.m.

The portion for retail investors attracted 4.09 times the subscription. The category for non-institutional investors received 1.17 times subscription.

Earlier, it raised Rs 263.25 crore from anchor investors.

According to platforms tracking the grey market activities, the shares of the company are commanding a flat GMP.

The company has fixed a price band of Rs 769-808 per share for its Rs 585-crore IPO.

The company plans to utilise the proceeds towards lease payments for its step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt Ltd, and for general corporate purposes.

Waterways Leisure Tourism operates Cordelia Cruises, India's domestic ocean cruise brand, offering luxury cruise experiences across domestic and international destinations.