• IPO offering details: The issue size is ₹585 crore through a pure fresh issue with a price band of ₹769 to ₹808 per share, yielding a market capitalization of ₹5,850 crore at the upper end.
• Fleet expansion plan: About ₹480 crore of the IPO proceeds is earmarked for capex and lease rentals for two incoming vessels, Norwegian Sky (launching October 2026) and Norwegian Sun (launching in 2027), after already deploying $22 million in advance rentals from internal accruals.
• Financial and debt profile: The company posted approximately ₹590 crore in turnover with pre-exceptional profit of ₹78 crore in the latest period, operating debt-free aside from fixed-deposit-backed debt taken to establish a BBB+ stable credit rating.
• Market position and operations: Holding an ~80% share of India's ocean cruise market, the company operates year-round with an 85% to 96% load factor and caters primarily to domestic travelers with an average guest age of 34.