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Steamhouse India shares listed above the issue price on both exchanges on Thursday.
The stock opened at Rs. 94.50 on the NSE and Rs. 93 on the BSE versus the IPO price of Rs. 81.
One report said the NSE debut represented a 16.6% premium, while another described the listing gain as nearly 17%.
The IPO drew strong demand, with overall subscription reported at 30.49 times.
Why it mattersThe debut price shows investor demand for the IPO and can affect short-term trading decisions for buyers and sellers.
More context
The company’s plans for the fresh issue include debt reduction, and one report also cited capacity expansion.