Steamhouse India Limited IPO Price: ₹77 to ₹81 per share
IPO Dates: 9 to 11 Sept, 2026
Company Overview
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.
Business Operations
The company operates in the industrial gas business, which includes the generation and distribution of steam, purchase and distribution of steam, and separation, compression and distribution of nitrogen. SteamHouse also purchases steam from other generating entities for distribution through its pipeline network. In addition, the company separates nitrogen from atmospheric air, compresses it and supplies purified nitrogen to industrial customers. The company is also engaged in coal trading.
Pipeline Network & Regional Presence
SteamHouse has an extensive pipeline network spanning over 45 kms across key industrial hubs, including Sachin, Vapi, Ankleshwar, Sarigram, Panoli and Nadesari. Its strategically located facilities support community-based gas generation and distribution for industrial customers.
Customer Base
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.
Workforce
As of July 31, 2026, the company had 229 employees and utilised the services of 276 contract labourers.
Competitive Strengths
- Track record of implementing eco-friendly solutions and promoting sustainable development.
- 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 the company’s value proposition.
Bidding Starts In
Steamhouse India Limited IPO Specifics:
| IPO Date | 9 to 11 Sep, 2026 |
| Listing Date | Thu, Sep 17, 2026T |
| Face Value | ₹2 per share |
| Price Band | ₹77 to ₹81 |
| Lot Size | 185 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,11,11,110 shares (agg. up to ₹414 Cr) |
| Fresh Issue | 4,35,80,246 shares (agg. up to ₹353 Cr) |
| Offer for Sale | 75,30,864 shares of ₹2 (agg. up to ₹61 Cr) |
| Share Holding Pre Issue | 23,28,26,065 shares |
| Share Holding Post Issue | 27,64,06,311 shares |
Steamhouse India IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Wed, Sep 9, 2026 |
| IPO Close | Fri, Sep 11, 2026 |
| Allotment | Tue, Sep 15, 2026 |
| Refund | Wed, Sep 16, 2026 |
| Credit of Shares | Wed, Sep 16, 2026 |
| Listing | Thu, Sep 17, 2026 |
Steamhouse India Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 185 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 185 | ₹14,985 |
| Retail (Max) | 13 | 2,405 | ₹1,94,805 |
| S-HNI (Min) | 14 | 2,590 | ₹2,09,790 |
| S-HNI (Max) | 66 | 12,210 | ₹9,89,010 |
| B-HNI (Min) | 67 | 12,395 | ₹10,03,995 |
Steamhouse India Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
Steamhouse India Limited IPO Financial Information
| Particulars (₹ Cr) | 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 |
Key Performance Indicator- Steamhouse India Limited IPO
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 22.36% |
| ROCE | 16.06% |
| Debt/Equity | 1.57 |
| RoNW | 23.60% |
| PAT Margin | 7.81% |
| EBITDA Margin | 16.99% |
| NAV | 7.25 |
| Price to Book Value | 11.17 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.66 | 1.40 |
| P/E (x) | 48.8 | 57.86 |
| Market Cap at Offer Price | ₹1,886Cr. | ₹2,238.89 Cr |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Steamhouse India Limited IPO UDRHP
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