Steamhouse India IPO
GMP, Subscription, Price, Dates & Financial Details
Incorporated in June 2015, SteamHouse India Limited is an industrial gas generation and distribution company primarily engaged in supplying steam and nitrogen to industrial customers through a centralised community-based pipeline network. The company provides an alternative to individual industrial…
Open Date
Wed, 09 Sep 2026
Close Date
Fri, 11 Sep 2026
Issue Price
Not Announced
Lot Size
Not Announced
Issue Size
₹ 414.00 Cr
Minimum Investment
NA
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Steamhouse India IPO is set to open its Initial Public Offering (IPO) for subscription on September 09, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹414.00 Crore.
The Steamhouse India IPO will open for subscription on September 09, 2026, and close on September 11, 2026. The basis of allotment is expected to be finalized on September 15, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 17, 2026.
The price band and lot size for Steamhouse India IPO are yet to be announced.
KFin Technologies Limited is the registrar to the issue. Equirus Capital Private Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Steamhouse India IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 11, 2026.
Steamhouse India IPO Timeline (Tentative)
- IPO Open Date
- Wed, 09 Sep 26
- IPO Close Date
- Fri, 11 Sep 26
- Basis of Allotment
- Tue, 15 Sep 26
- Initiation of Refunds
- Wed, 16 Sep 26
- Credit of Shares to Demat
- Wed, 16 Sep 26
- Listing Date
- Thu, 17 Sep 26 — BSE & NSE
Open Date
09 September 2026
Close Date
11 September 2026
Basis Of Allotment
15 September 2026
Listing Date
17 September 2026
IPO Subscription
Check Live Subscription →The Steamhouse India IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 09 September 2026
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 0 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (0%), while Non-Institutional Investors (NIIs) receive 0 shares (0%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 0 | 0% |
| Retail Investors | 0 | 0% |
| Non-Institutional | 0 | 0% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 679.45 | 543.67 | 422.31 |
| Revenue | 494.97 | 398.53 | 293.16 |
| Profit After Tax | 38.64 | 31.16 | 27.19 |
| Net Worth | 163.76 | 131 | 102.71 |
| Reserve & Surplus | 127.57 | 87.25 | 58.35 |
| Total Borrowings | 281.62 | 222.95 | 202.71 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Steamhouse India Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 22.36 | 23.53 | 26.26 |
| ROCE % | 16.06 | 17.2 | 20.24 |
| Debt / Equity | 1.57 | 1.63 | 1.77 |
| RoNW % | 23.6 | 23.79 | 26.47 |
| Pat Margin % | 7.81 | 7.82 | 9.27 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Steamhouse India Ltd | 2 | 0 | 1.71 | 1.71 | 0 | 7.25 |
| Linde India Limited | 10 | 99.17 | 64.37 | 64.37 | 0 | 500.27 |
| Ellenbarrie Industrial Gases Ltd | 2 | 42.74 | 7.54 | 7.54 | 0 | 69.33 |
About Steamhouse India Limited
Incorporated in June 2015, SteamHouse India Limited is an industrial gas generation and distribution company primarily engaged in supplying steam and nitrogen to industrial customers through a centralised community-based pipeline network. The company provides an alternative to individual industrial units setting up and maintaining their own steam-generation infrastructure.
SteamHouse operates seven community steam boilers in Gujarat with an aggregate capacity of 345 TPH, supported by an operational pipeline network spanning approximately 60,151 metres as of July 31, 2026. Its network serves key industrial hubs including Sachin, Vapi, Ankleshwar, Sarigam, Panoli and Nandesari.
The company’s industrial gas business includes steam generation and distribution, purchased steam distribution, and nitrogen separation, compression and distribution. SteamHouse also purchases steam from third-party generating entities for distribution through its pipeline network. In addition, it has diversified into nitrogen supply, commencing pipeline-based nitrogen distribution in February 2025, and also undertakes coal trading.
Steam and purchased steam distribution remain the company’s core businesses, contributing 52.14% and 17.70% of FY2026 revenue, respectively, while coal trading contributed 26.92%. The company served 202 customers in FY2026, up from 125 in FY2024, across industries such as pharmaceuticals, chemicals, textiles, agrochemicals, tyres, dyes and pigments, polymers and paints. Repeat customers contributed 90.72% of FY2026 operating revenue, reflecting strong customer retention.
SteamHouse’s competitive strengths include its strategically located community-based infrastructure, established customer relationships, high barriers to entry, energy-efficient solutions and focus on sustainable industrial development. The company plans to expand its steam-generation capacity to 705 TPH and further diversify its industrial gas portfolio.
As of July 31, 2026, SteamHouse India had 229 employees and utilised the services of 276 contract labourers.
Steamhouse India IPO Promoters
- Vishal Sanwarprasad Budhia
- Ritu Budhia
- V SB Business Trust
- Budhia Business Trust
- VB Business Trust
Promoters Holding
Holding Pre Issue
98.69%
Holding Post Issue
0.00%
Steamhouse India IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company
- Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Ankleshwar Facility (Phase 3)
- Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Panoli Facility (Phase 2)
- Funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam at Dahej SEZ
- General corporate purposes
Steamhouse India Limited Address / Contact Details
Steamhouse India Ltd.
Office No. 324, Second Floor,
Four Point, V.I.P. Road,Vesu
Surat, Gujarat, 395007
Email:compliance@steamhouse.in
Tel: +91 261 2998109
Website:https://steamhouse.in/
IPO Snapshot
Steamhouse India IPO Lot Size
The Steamhouse India IPO has a lot size of 0 shares. Retail investors require a minimum investment of ₹ by applying for 0 lot (0 shares). The maximum application allowed for the retail category is 0 lots (0 shares), requiring an investment of ₹.
| Application | Lots | Shares | Amount (₹) |
|---|
Issue Reservation
Book Running Lead Managers
- Equirus Capital Private Limited
IPO Documents & Links
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Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Steamhouse India IPO?
Steamhouse India IPO is a Book-building IPO with a total issue size of ₹414 crore. The Steamhouse India IPO price band is ₹0 to 0 per share. The Steamhouse India IPO subscription opens on Wed, Sep 9, 2026, and closes on Fri, Sep 11, 2026. The Steamhouse India IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Steamhouse India IPO.
When will the Steamhouse India IPO open for subscription?
The Steamhouse India IPO opens on Wed, Sep 9, 2026 and closes on Fri, Sep 11, 2026
What is Steamhouse India IPO Price Band?
Steamhouse India IPO Price Band is ₹0 to 0 per share.
What is Steamhouse India IPO Lot Size?
Steamhouse India IPO lot size is 0 shares, Retail investors need a minimum investment of ₹0 based on the upper price band
What is the minimum investment for Steamhouse India IPO?
The minimum investment for Steamhouse India IPO is ₹0, based on one lot of 0 shares at the upper price band of ₹0 per share.
How to apply for Steamhouse India IPO?
Investors can apply for the Steamhouse India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 11, 2026. The application amount remains blocked until the Steamhouse India IPO allotment is finalized.
What is Steamhouse India IPO Issue Size?
Steamhouse India IPO issue size is ₹414 crores.
What is the Steamhouse India IPO Allotment Date?
Steamhouse India IPO allotment date is Tue, Sep 15, 2026.
Who is the Steamhouse India IPO Registrar?
The registrar for Steamhouse India IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Steamhouse India IPO allotment status, refund processing, and other IPO-related information.
Who is the Steamhouse India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Steamhouse India IPO are Equirus Capital Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Steamhouse India IPO Red Herring Prospectus (RHP).