Signal Desk · Markets

Steamhouse India shares list 16.67% higher on NSE debut

2026-09-17 · 3 sources · Business Standard Markets

In short

Steamhouse India shares opened at ₹94.50 on the NSE. That was 16.67% above the issue price of ₹81, or ₹13.50 higher.

The IPO was subscribed 30.49 times, so demand was strong. The reporting does not say if the stock can hold these gains later.

What the reporting says

Steamhouse India shares opened at ₹94.50 on the NSE, a gain of ₹13.50 or 16.67% over the issue price. The IPO was subscribed 30.49 times by the close of bidding on September 11, with 114.75 crore bids for 3.76 crore shares on offer. What happens after the opening and whether demand sustains was not stated in the available reporting.

Why it matters

Steamhouse India shares opened at ₹94.50 on the NSE, up 16.67% from the issue price, after the IPO was subscribed 30.49 times by the close of bidding on September 11. The demand split was strong across investor groups, with NII, QIB and retail subscriptions all elevated. The immediate impact is a positive listing for the company and a sign of strong market appetite, though later trading is unknown.

Touches: Steamhouse India, Markets, IPO, Companies

Sources