# Waterways Leisure Tourism shares down 90% from IPO price despite rally 2026-08-27T12:30:57+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Waterways Leisure Tourism, which operates the Cordelia Cruises brand, has set 26 August as the record date for its first-ever 1:10 stock split. Today is the last day for investors to buy shares and qualify for the split, which aims to improve liquidity and make the stock more affordable. The company subdivided each Rs 10 face value share into 10 shares of Re 1 each. The stock rose over 3% on Tuesday to hit a record high of Rs 107.50 on the BSE. However, it remains down nearly 90% from its IPO price of Rs 808. The company had a muted debut on 1 July, listing at Rs 681, a 16% discount. Waterways Leisure Tourism is India's largest domestic ocean cruise operator, its vessel MV Empress serves routes including Mumbai, Goa, Kochi and Lakshadweep. ## Indian Opinion Analysis A stock split mechanically lowers the per-share price without changing the company's valuation, but the 90% erosion from the IPO price reflects real investor losses since listing. The Rs 808 IPO price valued the cruise operator at a steep premium to its earnings, post-listing the market has repriced the stock closer to its fundamentals. The split may boost retail participation by making the stock appear cheaper, but it does not alter the underlying business performance or the cruise industry's thin margins in India. The next signal for investors is the stock's trading volume in the week after the split: if liquidity does not meaningfully increase, the move will have failed its stated objective. ## Coverage - livemint.com Straight factual reporting on stock split mechanics and price history, with no editorial slant This brief was synthesised by AI from the source linked above. Tags: BSE, Cordelia Cruises, SEBI, Waterways Leisure Tourism Canonical: https://indianopinion.org/waterways-leisure-tourism-shares-down-90-from-ipo-price-despite-rally/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/waterways-leisure-tourism-shares-down-90-from-ipo-price-despite-rally/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/