New Delhi, June 18 -- Waterways Leisure Tourism Ltd, the operator of Cordelia Cruises, will launch its initial public offering next week, becoming the first Indian cruise line to go public.

The company has fixed the price band at Rs.769-808 per share for the Rs.585-core IPO. The issue, comprising a fresh issue of shares with a face value of Rs.10 each, will open for subscription on 23 June and close on 25 June. Its shares are scheduled to list on the exchanges on 1 July.

At the upper end of the price band, Waterways Leisure Tourism is expected to command a post-issue market valuation of approximately Rs.5,849.48 crore.

The company plans to use up to Rs.480 crore from the IPO proceeds towards deposits, advance lease rentals and monthly ...