Steamhouse India
17 Sep '26MAINBOARD
Min. Investment
₹14,245
Issue size
₹414 Cr
GMP
Locked
Overall subscription: 0.35x
Expert verdict
IPO dates
09 Sep
Opening
11 Sep
Closing
15 Sep
Allotment
17 Sep
Listing
*Refunds will be initiated on 16 Sep '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 185 | ₹14,985 |
| HNI (Min) | 14 | 2590 | ₹2,09,790 |
Subscription (as on 09 September 2026, 05:30 PM)
Overall0.35x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2015|MD: Mr Vishal Sanwarprasad Budhia
- Steamhouse India Limited is engaged in the generation and centralised distribution of industrial gases, primarily steam and nitrogen, through its pipeline network. Its operations include generation and distribution of steam through community boiler systems, purchase and distribution of steam generated by third parties, and separation, compression and distribution of nitrogen. The company also undertakes coal trading, primarily involving excess coal procured for its industrial gas operations.
- The company operates seven community steam boilers in Gujarat across Vapi, Ankleshwar, Sarigam, Nandesari, and Panoli, with an aggregate installed steam capacity of 345 TPH as of July 31, 2026. It also distributes purchased steam in Dahej GIDC (Phase 1) and Sachin GIDC. Its nitrogen generation and distribution facility at Ankleshwar has a capacity of 350 NM³ per hour.
- Its customers operate across sectors including pharmaceuticals, chemicals, textiles, agrochemicals, tyres, dyes and pigments, polymers, and paints.
- Use of proceeds:
- The IPO is a combination of a fresh issue of shares and an offer for sale. The net proceeds from the offer for sale will go to the selling shareholders, whereas those from the fresh issue will go to the company and will be utilised for the following purposes:
- Repayment or prepayment of certain outstanding borrowings – Rs 180.00 crore
- Capital expenditure for infrastructure development – Rs 75.95 crore
- Capacity expansion of Ankleshwar Facility (Phase 3) – Rs 37.98 crore
- Capacity expansion of Panoli Facility (Phase 2) – Rs 37.98 crore
- Capital expenditure for setting up a steam generation facility at Dahej GIDC (Phase 2) – Rs 38.17 crore
- General corporate purposes
Issue Details & Objective
Lot size
185 Shares
Price band
₹77 to 81
Face value
₹2 per share
Financials
IPO reservation
Anchor investor - 30.00%
QIB - 20.00%
HNI - 15.00%
Retail - 35.00%
Download DRHP (IPO Doc)FAQs
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Steamhouse India IPO is ₹414 Cr
The Steamhouse India IPO will be open for applications from 09 Sep '26 to 11 Sep '26
The lot size of Steamhouse India IPO is 185 Shares and its minimum investment amount is ₹14,245.
