Madhu Kela-backed fund invests in Steamhouse India IPO as company raises Rs 124 crore from anchor investors
8 September 2026 Updated 8 September 2026Source: Economic Times 1 min read
Quick Summary
Steamhouse India has secured Rs 124.2 crore from anchor investors, including funds backed by Madhusudhan Kela and Sunil Singhania, as it prepares for its IPO. The IPO, valued at Rs 414 crore, is set to open on September 9 with a price band of Rs 77‑81 per share.
Key Takeaways
- Steamhouse India raised Rs 124.2 crore from anchor investors.
- Anchor investors include funds backed by Madhusudhan Kela and Sunil Singhania.
- The IPO size is Rs 414 crore and will open on September 9.
- The issue price band is Rs 77-81 per share.
Why It Matters
The participation of well‑known investors can add credibility to the offering, and the size and price band give retail investors a sense of the capital being raised and potential market interest.
Summary, takeaways and analysis above are written by CAPITA1's AI from the source report. For educational purposes only. Not investment advice.
The IPO in this story
Steamhouse India Limited
UpcomingMainboard
- Price Band
- ₹77 – ₹81
- GMP
- —
- Subscription
- 0x
Opens 09 Sept 2026 · Closes 11 Sept 2026
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