The Economic Times

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

Steamhouse Indias 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 IPOs GMP indicates a potential 28% listing gain. Investors are also tracking the companys plans to reduce debt, expand capacity and strengthen its financial performance following a 24% rise in FY26 profit.