Waterways Leisure Tourism Hits 10% Upper Circuit, Scales Record High A Day After Weak Market Debut
Shares of Waterways Leisure Tourism, the operator of Cordelia Cruises, rallied sharply on Thursday, locking in the 10 percent upper circuit and touching a fresh record high of ₹734.05 on...
Shares of Waterways Leisure Tourism, the operator of Cordelia Cruises, rallied sharply on Thursday, locking in the 10 percent upper circuit and touching a fresh record high of ₹734.05 on the BSE, just a day after the stock made a disappointing debut on the stock exchanges.
The strong rebound came despite the company’s lacklustre listing on July 1. The stock had debuted at ₹681 per share on the NSE, a discount of 15.72 percent to its IPO issue price of ₹808. On the BSE, it listed at ₹690, reflecting a 14.60 percent discount from the upper end of the price band.
The ₹585-crore initial public offering comprised entirely of a fresh issue of approximately 72.4 lakh equity shares, with no offer-for-sale component. The IPO was priced in the range of ₹769-808 per share and was open for subscription between June 23 and June 25.
