📰 ET Markets ⚪ NEUTRAL 🕒 08 Sep 2026, 08:35 PM IST

Madhu Kela-backed fund invests in Steamhouse India IPO as company raises Rs 124 crore from anchor investors

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Core Development: Madhu Kela-backed fund invests in Steamhouse India IPO as company raises Rs 124 crore from anchor investors

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Market & Financial Impact: 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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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Steamhouse India raises Rs 124 cr from anchor investors

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

Madhu Kela-backed fund invests in Steamhouse India IPO as company raises Rs 124 crore from anchor investors

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