Cordelia Cruises operator Waterways Leisure hits 10% upper circuit at ₹734 after weak debut
Waterways Leisure Tourism, operator of India's Cordelia Cruises, locked in a 10% upper circuit at ₹734.05 a day after a soft listing at a 16% discount. The ₹585-crore IPO drew 1.46x overall subscription with retail at 4.19x, signalling investor appetite for India's cruise tourism play despite a rich 101x P/E on FY26 profit of ₹52.1 crore.
Waterways Leisure Tourism, operator of India's Cordelia Cruises, hit a 10% upper circuit at ₹734.05 a day after a weak debut. The ₹585-crore IPO was subscribed 1.46x, driven by strong retail interest in India's growing cruise tourism market.