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The Economic Times
The Economic Times
Business
Ritesh Presswala

Steamhouse IPO Day 3: Subscription hit 8.36x, GMP signals 28% listing gain

STEAMhouse IPO GMP

The Steamhouse IPO continued to attract strong investor interest on the third and final day of bidding, with the issue subscribed 8.36 times by 1 pm. Adding to the buzz, the stock was seen commanding a 28% premium in the grey market, signalling expectations of a strong listing gain.

On Day 3, investors bid for 8.36 times the 3.76 crore shares on offer. Retail investors remained active; the portion reserved for Retail Individual Investors (RIIs) was subscribed 8.82 times against the 1.88 crore shares on offer.

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