Steamhouse India IPO Price Band Set at Rs 77-81
By Business Desk
Steamhouse India sets its IPO price band at Rs 77-81 to raise Rs 414 crore. Meanwhile, ESDS Software Solutions receives a Buy rating from Choice Equities.
Steamhouse India IPO Details
Steamhouse India has officially locked in its price band for the upcoming initial public offering. The company is set to offer shares in the range of Rs 77 to Rs 81 apiece.
- Total target raise: Rs 414 crore.
- Share type: Equity shares.
Investors are now watching for the subscription dates as the firm pushes ahead with its market debut. The capital raised is intended to fuel the company’s stated business objectives.
ESDS Software Solutions Market Outlook
In a separate market development, ESDS Software Solutions has received a fresh vote of confidence. Choice Institutional Equities issued a Buy rating for the company, signaling positive sentiment toward its growth trajectory.
- Target price set at: Rs 1,550.
- Primary growth drivers: Strong market position in cloud computing and managed services.
The brokerage firm highlighted the company’s role in the digital transformation space as a core reason for the optimistic valuation. This rating provides a specific benchmark for investors tracking the stock’s performance in the current market cycle.