Steamhouse India IPO
IPO Listing Details
- Listing Date
17 Sep 2026
- Listing Price
₹93.00
- Listing Change
14.81%
- Last Traded Price
₹110.81
Steamhouse India IPO Details
-
Open Date
09 Sep 2026
-
Close Date
11 Sep 2026
- IPO Price Range
₹ 77 to ₹81
- IPO Size
₹ 414.00 Cr
Steamhouse India IPO Timeline
Steamhouse India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 09-Sep-2026 | 0.00 | 0.32 | 0.74 | 0.44 |
| 10-Sep-2026 | 1.70 | 2.11 | 2.77 | 2.32 |
| 11-Sep-2026 | 1.71 | 4.63 | 4.57 | 3.76 |
Last Updated: 11 September 2026 5:37 PM by 5paisa
SteamHouse India is an industrial gas company specialising in the generation and centralised distribution of steam and nitrogen through a pipeline network spanning over 45 kilometres across key industrial hubs, including Sachin, Vapi, Ankleshwar, Sarigram, Panoli and Nadesari. Its operations include steam generation, purchase and distribution, nitrogen separation, compression and supply, and coal trading. The company serves various industrial customers, including Aether Industries and Anupam Rasayan India.
Established in: 2015
Managing Director: Vishal Sanwarprasad Budhia
Peers:
| Metric | Steamhouse India Limited | Linde India Limited | Ellenbarrie Industrial Gases Limited |
|---|---|---|---|
| Face Value | 2 | 10 | 2 |
| Closing Price on August 31, 2026 (₹) | NA | 6383.75 | 322.25 |
| Revenue from Operations | 4915.11 | 25306.40 | 3415.82 |
| EPS (Basic) | 1.71 | 64.37 | 7.54 |
| EPS (Diluted) | 1.71 | 64.37 | 7.54 |
| NAV | 7.25 | 500.27 | 69.33 |
| P/E | - | 99.17 | 42.74 |
| ROE (%) | 22.36 | 12.87 | 10.68 |
Steamhouse India Objectives
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
Steamhouse India IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹414.00 Cr |
| Offer For Sale | ₹61.00 Cr |
| Fresh Issue | ₹353.00 Cr |
Steamhouse India IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 185 | 14,245 |
| Retail (Max) | 13 | 2,405 | 1,94,805 |
| S-HNI (Min) | 14 | 2,590 | 1,99,430 |
| S-HNI (Max) | 66 | 12,210 | 9,89,010 |
| B-HNI (Min) | 67 | 12,395 | 9,54,415 |
Steamhouse India IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.71 | 1,02,22,223 | 1,74,73,435 | 141.53 |
| Non-Institutional Buyers | 4.63 | 76,66,667 | 3,54,93,360 | 287.50 |
| bNII | 3.28 | 51,11,111 | 1,67,62,480 | 135.78 |
| sNII | 7.33 | 25,55,556 | 1,87,30,880 | 151.72 |
| Retail | 4.57 | 1,78,88,889 | 8,16,70,100 | 661.53 |
| Total** | 3.76 | 3,57,77,779 | 13,46,36,895 | 1,090.56 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 291.71 | 395.11 | 491.51 |
| EBITDA | 68.41 | 69.32 | 83.49 |
| PAT | 27.19 | 31.16 | 38.64 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 422.31 | 543.67 | 679.45 |
| Share Capital | 45.20 | 45.20 | 45.20 |
| Total Liabilities | 318.76 | 411.22 | 506.68 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 21.02 | 107.10 | 100.46 |
| Net Cash Generated From / (used in) Investing Activities | -125.91 | -122.99 | -144.57 |
| Net Cash Generated From / (used in) Financing Activities | 103.72 | 12.35 | 48.04 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -1.17 | -3.55 | 3.93 |
Strengths
1. Extensive pipeline network across key industrial hubs.
2. Centralised model reduces customers’ infrastructure requirements significantly.
3. Strong presence across diversified industrial customer segments.
4. Established expertise in steam generation and distribution.
Weaknesses
1. Operations concentrated around select industrial clusters currently.
2. Steam business contributes majority of operating revenue.
3. Infrastructure expansion requires significant capital expenditure investments.
4. Dependence on coal exposes operations to volatility.
Opportunities
1. Expanding industrialisation supports demand for centralised utilities.
2. Nitrogen distribution offers further business diversification potential.
3. New industrial clusters provide geographical expansion opportunities.
4. Sustainable solutions could attract environmentally conscious industries.
Threats
1. Raw material price fluctuations may pressure profitability.
2. Regulatory changes could impact pipeline operating rights.
3. Customer concentration creates potential revenue dependency risks.
4. Currency movements may increase imported coal costs.
1. Established centralised industrial gas distribution business model.
2. Extensive pipeline infrastructure across key industrial clusters.
3. Expanding steam generation capacity across multiple facilities.
4. Nitrogen business provides additional growth avenue ahead.
Steamhouse India operates in the industrial utilities segment, providing centralised steam and nitrogen through its pipeline infrastructure. Its community boiler model offers industries an alternative to maintaining individual utility facilities. The company is expanding steam generation capacity at Ankleshwar and Panoli while developing a new facility at Dahej. Its expansion into pipeline-based nitrogen distribution also broadens its industrial gas portfolio and provides opportunities to serve growing manufacturing clusters.
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FAQs
Steamhouse India IPO opens from September 9 , 2026 to September 11, 2026.
The size of Steamhouse India IPO is approximately ₹414.00 crore.
The price band of Steamhouse India IPO is fixed at ₹77 to ₹81 per share.
To apply for Steamhouse India IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Steamhouse India IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 185 shares, requiring an investment of approximately ₹ 14,245.
The share allotment date of Steamhouse India IPO is September 15, 2026.
The Steamhouse India IPO will likely be listed on September 17, 2026.
Equirus Capital Ltd is the book-running lead manager.
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