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Madhu Kela-backed fund invests in Steamhouse India IPO as company raises Rs 124 crore from anchor investors
Steamhouse India raised Rs 124.2 crore from anchor investors, including funds backed by Madhusudhan Kela and Sunil Singhania, ahead of its Rs 414 crore IPO opening on September 9. The issue, priced at Rs 77-81 per share, comprises a fresh issue of Rs 353 crore and an OFS of Rs 61 crore.
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economictimes.indiatimes.com
Steamhouse IPO sets price band at Rs 77–81; Rs 414 crore issue to open on September 9
The SteamHouse India IPO will open for subscription on September 9 and close on September 11, targeting Rs 414 crore through a fresh issue and an offer for sale. The IPO set a…
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thehindubusinessline.com
Steamhouse India sets price band at ₹77-81 for ₹414-cr IPO
Proceeds from the fresh issue will be used to repay part of the company's existing debt, expand capacity at its Ankleshwar and Panoli facilities, set up a new steam-generation…
