Steamhouse IPO allotment likely today: GMP | TakeMyTip

What Happened in the Market Today?

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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