Steamhouse India IPO
Price Band
₹77 – ₹81
Issue Size
₹414 Cr
Issue Dates
9 Sept – 11 Sept 2026
Listing Date
17 Sept 2026
About Steamhouse India Ltd.
Incorporated in June 2015, SteamHouse India is an industrial gas company specialising in the generation and centralised distribution of steam and nitrogen through its pipeline network. Its community-based systems provide industrial customers with an alternative to developing and maintaining individual infrastructure. The company has an extensive pipeline network spanning over 45 kms in key industrial hubs including Sachin, Vapi, Ankleshwar, Sarigram, Panoli and Nadesari. Its business includes generation and distribution of steam, purchase and distribution of steam, and separation, compression and distribution of nitrogen, along with coal trading. Clients include Aether Industries Limited, Anupam Rasayan India Limited, Globe Enviro Care Limited, Gujarat Polysol Chemicals Private Limited, Devanshi Dyestuff, K. Patel Chemo Pharma Private Limited, K. Patel Dye Chem Industries Private Limited, Mahavir Synthesis Private Limited, Mangalam Intermediaries, Orgo Chem Gujarat Private Limited and Subhasri Pigments Limited.
IPO Details
| Price Band | ₹77 – ₹81 |
| Face Value | ₹2 |
| Issue Size | ₹414 Cr |
| Fresh Issue | ₹353 Cr |
| Offer for Sale | ₹61 Cr |
| Total Shares Offered | 5,11,11,110 |
| Listed On | Both |
Objects of the Issue
Repayment/prepayment of certain outstanding borrowings (₹180.00 Cr); funding capex for capacity expansion of the Ankleshwar Facility Phase 3 (₹37.98 Cr); funding capex for capacity expansion of the Panoli Facility Phase 2 (₹37.98 Cr); funding capex for setting up a manufacturing facility for steam generation at Dahej SEZ (₹38.17 Cr); and general corporate purposes. Total estimated net proceeds utilisation: ₹294.13 Cr.
Key Financial Metrics
EPS (Basic)
₹1.4
P/E Ratio
57.86x
ROE
22.36%
ROCE
16.06%
Debt / Equity
1.57
Financial Performance
| Particulars (₹ Cr) | 31 Mar 2024 | 31 Mar 2025 | 31 Mar 2026 |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA | 68.41 | 69.32 | 83.49 |
| PAT | 27.19 | 31.16 | 38.64 |
| Total Assets | 422.31 | 543.67 | 679.45 |
| Net Worth | 102.71 | 131 | 163.76 |
| Total Borrowings | 202.71 | 222.95 | 281.62 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| retail_min | 185 shares | ₹14,985 | — |
| retail_max | 2405 shares | — | ₹1,94,805 |
| shni_min | 14 × 2590 | ₹2,09,790 | — |
| shni_max | 12210 shares | — | ₹9,89,010 |
| bhni_min | 67 × 12395 | ₹10,03,995 | — |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB | 50% | No |
| Retail | 35% | Yes |
| NII | 15% | No |
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