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Steamhouse IPO allotment likely today: GMP signals 30% listing gain; here’s how to check status

Steamhouse India’s Rs 414 crore IPO is set to finalise allotment, with its shares scheduled to list on September 17. The issue was subscribed nearly 32 times, while the IPO’s GMP indicates a potential 28% listing gain. Investors are also tracking the company’s plans to reduce debt, expand capacity and strengthen its financial performance following a 24% rise in FY26 profit.

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Updated 15 September 20263 min read
Steamhouse IPO allotment likely today: GMP signals 30% listing gain; here’s how to check status

Steamhouse IPO allotment likely today: GMP signals 30% listing gain; here’s how to check status

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What Happened

Steamhouse India’s Rs 414 crore IPO is set to finalise allotment, with its shares scheduled to list on September 17. The issue was subscribed nearly 32 times, while the IPO’s GMP indicates a potential 28% listing gain. Investors are also tracking the company’s plans to reduce debt, expand capacity and strengthen its financial performance following a 24% rise in FY26 profit.

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Original reporting provided by Economic Times Markets.

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This article was synthesized from coverage published by Economic Times Markets.

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