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Steamhouse India Ltd

IPO Details · GMP · Subscription · Financials

🔒 Closed NSE & BSE Mainboard Live Chart
Issue Price
₹81
Per Share
GMP
+₹21
+25.93% Grey Market
Est. Listing
₹102
Expected Price
Min. Application
₹29,970
2 lots × 185 shares
IPO Issue Details
Issue Price / Price Band₹81 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size185 Shares per Lot
Total Issue Size5,11,11,110 shares (agg. up to ₹414 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 09 Sep 2026
Subscription CloseFri, 11 Sep 2026
Anchor AllotmentTue, 08 Sep 2026
Basis of AllotmentTue, 15 Sep 2026
Initiation of RefundsWed, 16 Sep 2026
Credit of Shares to DematWed, 16 Sep 2026
Listing DateThu, 17 Sep 2026
UPI Mandate Deadline5:00 PM on 11 Sep 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)₹14,985 — 185 shares
Retail — Max (13 Lots)₹194,805 (13 Lots)
HNI — Min (3 Lots)₹44,955 — 555 shares
EPS (Pre-IPO)₹1.66
EPS (Post-IPO)₹1.40
P/E Ratio (Pre-IPO)48.8x
P/E Ratio (Post-IPO)57.86x
Pre-IPO Promoter Holding23,28,26,065 shares
Post-IPO Promoter Holding27,64,06,311 shares
Fresh Issue Shares4,35,80,246 shares (agg. up to ₹353 Cr)
Offer for Sale Shares75,30,864 shares of ₹2 (agg. up to ₹61 Cr)
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, 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 steamPurchase and distribution of steamSeparation, compression and distribution of nitrogenSteamHouse 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.Compettitve Strength: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.

Objects of the Issue

Steamhouse India Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Repayment or prepayment of all or a portion of certain outstanding borrowings availed by Company
180.00
2
Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Ankleshwar Facility (Phase 3
37.98
3
Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Panoli Facility (Phase 2
37.98
4
Funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam at Dahej SEZ
38.17
5
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 23,28,26,065 shares
Post-IPO Promoter Holding 27,64,06,311 shares
Lock-in Period (30%)Thu, Oct 15, 2026
Lock-in Period (50%)Mon, Dec 14, 2026
Check AllotmentCheck Status →
Steamhouse India Ltd — Live Price LIVE
₹81.00
INR · BSE
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Issue ₹81.00 GMP: +₹21 (+25.93%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusClosed
Issue Price₹81
GMP+₹21
Est. Listing₹102
Lot Size185 shares
Min Amount₹29,970
Listing Date17 Sep 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹81
Listing Date17 Sep 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
QIB (Ex Anchor) 10,222,223 ₹82.80 Cr 46.19x
NII / HNI 7,666,667 ₹62.10 Cr 46.60x
Retail (RII) 17,888,889 ₹144.90 Cr 17.78x
TOTAL 35,777,779 100.00% ₹289.80 Cr 32.07x
* Based on ₹81.00 (upper price band)
Day-wise Subscription
QIB
46.19x
NII / HNI
46.60x
Retail
17.78x
Total
32.07x
Subscribed
Lot Size & Investment Details
Lot Size
185
Shares
Issue Price
₹81.00
Per Share
Min Investment
₹14,985
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 185 ₹14,985
Retail (Max) 13 2,405 ₹194,805
sNII (Min) 14 2,590 ₹209,790
bNII (Min) 68 12,580 ₹1,018,980
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 494.97 398.53 293.16
EBITDA 83.49 69.32 68.41
Profit After Tax (PAT) 38.64 31.16 27.19
Net Worth 163.76 131.00 102.71
Total Assets 679.45 543.67 422.31
Reserves & Surplus 127.57 87.25 58.35
Total Borrowings 281.62 222.95 202.71
Key Ratios & Valuation
Issue Price ₹81
Face Value ₹2 Per Share
P/BV 11.17
RoE 22.36
RoCE 16.06
RoNW 23.60
PAT Margin (%) 7.81
EBITDA Margin (%) 16.99
Debt / Equity 1.57
Company Details
Company
Steamhouse India Ltd
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹2 Per Share
Script Code
N/A
Address
Office No. 324, Second Floor, Four Point, V.I.P. Road, Vesu Surat, Gujarat, 395007
Book Running Lead Managers
Equirus Capital Ltd
Book Running Lead Manager (BRLM)