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 ...
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.
