Steamhouse India IPO

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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.

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IPO Details

Price Band₹77 – ₹81
Face Value₹2
Issue Size₹414 Cr
Fresh Issue₹353 Cr
Offer for Sale61 Cr
Total Shares Offered5,11,11,110
Listed OnBoth

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 202431 Mar 202531 Mar 2026
Revenue
EBITDA68.4169.3283.49
PAT27.1931.1638.64
Total Assets422.31543.67679.45
Net Worth102.71131163.76
Total Borrowings202.71222.95281.62

Valuation

Market Capitalisation

Pre-IPO₹1,886 Cr
Post-IPO₹2,238.89 Cr

P/E Ratio

Pre-IPO48.8x
Post-IPO57.86x

Promoter Holding

Pre-IPO96.59%
Post-IPO78.63%

Public Holding

Pre-IPO3.41%
Post-IPO21.37%

Lot Size & Allocation

Investment by Category

CategoryLot SizeMin InvestmentMax Investment
retail_min185 shares₹14,985
retail_max2405 shares₹1,94,805
shni_min14 × 2590₹2,09,790
shni_max12210 shares₹9,89,010
bhni_min67 × 12395₹10,03,995

Reservation / Allocation

CategoryAllocationCut-off
QIB50%No
Retail35%Yes
NII15%No

Registrar & Lead Managers

Registrar

Kfin Technologies Ltd.

Lead Managers (1)

Equirus Capital Pvt. Ltd.

Frequently Asked Questions

5 questions about Steamhouse India IPO IPO

Steamhouse India IPO is a main-board IPO of 5,11,11,110 equity shares of face value ₹2 aggregating up to ₹414 Crores. The issue is priced at ₹77 to ₹81 per share, with a minimum order quantity of 185 shares. The IPO opens on Sep 9, 2026 and closes on Sep 11, 2026. Kfin Technologies Ltd. is the registrar, and the shares are proposed to be listed on BSE and NSE.

Important Dates

Issue Opens9 Sept 2026
Issue Closes11 Sept 2026
Allotment15 Sept 2026
Refund Initiation16 Sept 2026
Demat Credit16 Sept 2026
Listing Date17 Sept 2026

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