Steamhouse India IPO Details
Steamhouse India IPO Summary
Steamhouse India IPO opens for subscription on 09 Sep 2026 and closes on 11 Sep 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 17 Sep 2026.
Steamhouse India IPO price band has been fixed at ₹77 – ₹81 per share. The face value is ₹2 per share with a lot size of 185.
Steamhouse India IPO total issue size comprises 5,11,11,110 shares (aggregating up to ₹414.00 Cr). This includes a fresh issue of 4,35,80,246 shares (aggregating up to ₹353.00 Cr). Offer for Sale consists of 75,30,864 shares (aggregating up to ₹61.00 Cr). Pre-issue shareholding stands at 23,28,26,065, which will increase to 27,64,06,311 post-issue.
Steamhouse India IPO carries a ₹13.5 (16.67%) GMP, reflecting investor sentiment.
Steamhouse India IPO Lot Size :Retail Minimum is 1 lot (185 shares) amounting to ₹14,985. Retail Maximum is 13 lots (2,405 shares) amounting to ₹1,94,805. SHNI Minimum is 14 lots (2,590 shares) amounting to ₹2,09,790. SHNI Maximum is 66 lots (12,210 shares) amounting to ₹9,89,010. BHNI Minimum is 67 lots (12,395 shares) amounting to ₹10,03,995.
Steamhouse India IPO Details
Steamhouse India IPO Subscription
Steamhouse India IPO Application Wise Breakup (Approx)
Steamhouse India IPO Dates
- 09 Sep 2026Opening dateOpen
- 11 Sep 2026Closing dateClose
- 15 Sep 2026Allotment Date Allotment
- 16 Sep 2026Initiation of RefundsRefund
- 16 Sep 2026Credit of SharesCredit
- 17 Sep 2026Listing dateListing
Steamhouse India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 185 | ₹14,985 |
| Retail Maximum | 13 | 2405 | ₹1,94,805 |
| SHNI Minimum | 14 | 2590 | ₹2,09,790 |
| SHNI Maximum | 66 | 12210 | ₹9,89,010 |
| BHNI Minimum | 67 | 12395 | ₹10,03,995 |
Steamhouse India IPO Reservation
Promoter Holding
Documents
Steamhouse India IPO Valuations
Steamhouse India Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 679.45 | 543.67 | 422.31 |
| Total Income | 494.97 | 398.53 | 293.16 |
| Profit After Tax | 38.64 | 31.16 | 27.19 |
| EBITDA | 83.49 | 69.32 | 68.41 |
| NET Worth | 163.76 | 131.00 | 102.71 |
| Reserves and Surplus | 127.57 | 87.25 | 58.35 |
| Total Borrowing | 281.62 | 222.95 | 202.71 |
| Amount in ₹ Crore | |||
About Steamhouse India IPO
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, spans over 45 kms in key industrial hubs including like Sachin, Vapi, Ankleshwar, Sarigram, Panoli and Nadesari.
Industrial Gas Business: The company's industrial gas business includes:
- Generation and distribution of steam
- Purchase and distribution of steam
- Separation, compression and distribution of nitrogen
SteamHouse also purchases steam from other generating entities for distribution through its pipeline network. Additionally, it separates nitrogen from atmospheric air, compresses and supplies purified nitrogen to industrial customers, while also engaging in coal trading.
The company's 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.
As of July 31, 2026, the company had 229 employees and they utilised the services of 276 contract labourers.
Strength Of Steamhouse India IPO
- Leading market position offering customers an energy efficient solution across industries with high growth potential.
- High barriers to entry for competitors.
- Strategically located facilities offering community gas generation and distribution.
- Marquee customer base with long-term relationships driven by our value proposition.
- Track-record of implementing eco-friendly solutions and promoting sustainable development.
- Experienced Promoters and senior management team with strong industry expertise and extensive product knowledge.
Risk Of Steamhouse India IPO
- The company operations are limited to providing steam and other industrial gases to customers in close proximity to its facilities. Further, the company's business and growth plans are dependent on its ability to find suitable land for the development of the company steam and other industrial gas facilities which are in close proximity to the industrial clusters where its potential customers are located.
- The company's top ten customers contributed 47.87% of its revenue from operations in Fiscal 2026. The company also derives a significant portion (90.72% in Fiscal 2026) of its revenue from operations from repeat orders. Loss of any of these customers or a reduction in purchases or repeat orders by any of them could adversely affect the company's business, results of operations, cash flows and financial condition.
- The company's business and profitability are substantially dependent on the availability of coal for its steam production with purchases of coal contributing 77.29%, 76.19% and 92.01% of the company's total purchases for Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively.
- The company has previously entered into related party transactions with Group Companies, which constituted 99.27% of total related party transactions in Fiscal 2026. Its may continue to enters into related party transactions with Group Companies in the future.
- The company has previously entered into related party transactions, and Its may continue to do so in the future.
- The company relies on its top ten suppliers for the company's material requirements which constituted 81.71%, 75.35% and 76.53%, of its overall purchases in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Any increase in the prices, availability and quality of materials or loss of these suppliers could adversely affect the company's reputation, business, results from operations, financial conditions and cash flows.
- The success of the company's business depends on the continued demand for steam and industrial gas, and any change in this demand could materially and adversely affect its business, results of operations, cash flows and financial condition.
- The company has in the past been in violation of certain material approvals of the Gujarat Pollution Control Board such as operating a boiler before receiving the final approval from the regulatory authority. In the future, Its may incur increased costs, be subject to penalties, or have the company's approvals and permits revoked for non-compliance with the approvals of the Gujarat Pollution Control Board.
- The company requires various permits, licenses and approvals to operates its businesses, and the failures to obtain or retain such licenses or approvals in a timely manner or at all may adversely affect the company's business, results of operations, cash flows and financial condition.
- The company were awarded a work order for the Pirana facility through a tender by the Ahmedabad Municipal Corporation. The company is required to pay Ahmedabad Municipal Corporation a royalty after commercial operation of the facility, and such royalty payments may adversely affect the profitability of the Pirana facility. Further, its construction of the facility has been delayed which could attract contractual penalties and interest which, if assessed, could adversely affect the company's business, results of operations, cash flows and financial condition. In addition, if the company has not recovered its investment or achieved the company's projected rate of return for the facility at the end of the 10 year term to its work order and such term is not renewed, the company's business, results of operations, cash flows and financial condition could be adversely affected.
Objectives Steamhouse India IPO
1. Repayment or prepayment of all or a portion of certain outstanding borrowings availed by Company
2. Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Ankleshwar Facility (Phase 3
3. Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Panoli Facility (Phase 2
4. Funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam at Dahej SEZ
5. General Corporate Purposes
Company Contact Details
Office No. 324, Second Floor, Four Point, V.I.P. Road, Vesu
Surat, Gujarat , 395007
Phone: 0261 2998109
Email: compliance@steamhouse.in
Website: https://steamhouse.in/
Registrar Contact Details
Steamhouse India FAQs
The Steamhouse India IPO is a MAINBOARD public issue comprising 51111110 equity shares with a face value of ₹2 each, aggregating to a total issue size of ₹414.00 Cr. The issue price has been fixed at ₹81 per equity share, and the minimum application size is 185 shares.
The IPO opens for subscription on 09 Sep 2026, and closes on 11 Sep 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹13.5 (16.67%).
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