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Steamhouse India Ltd.

NSE & BSE
ListedListed on 17 Sept 2026+14.8%

₹77–81

₹ 305 Cr

185 Shares

₹ 14,245

₹2

Financial Summary

Consolidated(in ₹ million)
ParticularsFY 2025-26FY 2024-25
4,915.113,951.06
34.6434.23
4,949.753,985.29
4,080.223,257.9
512.37389.65
386.39311.61

Subscription Details

30.49xTotal
Subscription
16.90x
44.30x
43.91x
0.00x

IPO Timeline

IPO Offer Start

9 Sept 2026

IPO Offer Ends

11 Sept 2026

17 Sept 2026

Use of Proceeds

#PurposeAmount (₹ Million)
1Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company1,800
2Funding capital expenditure requirements for augmenting infrastructure development of the Company759.53
3Funding capital expenditure in relation to the setting up of a manufacturing facility for generation381.74
4General corporate purposes231.25

Promoters

Vishal Sanwarprasad BudhiaRitu BudhiaVSB Business TrustBudhia Business TrustVB Business Trust

Book Running Lead Managers

Equirus Capital Pvt Ltd

Promoter Shareholding

Pre-IPO

98.69%

Promoter stake

Post-IPO

77.96%

Promoter stake

Offered to Public

5,11,11,110

shares

Post Share Capital

21,54,82,211

shares

IPO Registrar

KFIN Technologies Ltd.

About the Company

We are an Indian company specializing in the generation and centralized distribution of industrial gases, including steam and nitrogen, through our pipeline network. We and our Promoters are pioneers of the community boiler system in India, which was first introduced in 2014. (Source: F&S Report). Our community industrial gas generation and distribution systems provide gas to various industrial customers from a pipeline network, which provides an alternative to each individual customer having its own infrastructure.

Use of Proceeds

1. Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company;2. Funding capital expenditure requirements for augmenting infrastructure development of our Company towards (i) capacity expansion of the Ankleshwar Facility (Phase 3) and (ii) capacity expansion of the Panoli Facility (Phase 2);3. Funding capital expenditure in relation to setting up of a new manufacturing facility for generation of steam in Dahej SEZ; and4. General corporate purposes.

IPO FAQs

The Steamhouse India Ltd. IPO has a total of ₹305 crore, calculated at the upper end of the .

The Steamhouse India Ltd. IPO is priced at ₹77–81 per share. bids must fall within this , against a of ₹2 per share.

The for the Steamhouse India Ltd. IPO is 185 shares, which is also the minimum order quantity — you have to apply for at least 185 shares, and in multiples of 185 beyond that.

The minimum investment in the Steamhouse India Ltd. IPO is about ₹14,245 — one lot of 185 shares, calculated at the lower end of the .

Bidding at the cut-off or upper price raises the amount blocked in your account.

The Steamhouse India Ltd. opens on 9 Sept 2026 and closes on 11 Sept 2026.

Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.

Steamhouse India Ltd. shares were listed on 17 Sept 2026 on BSE and NSE.

KFIN Technologies Ltd. is the for the Steamhouse India Ltd. IPO.

The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.

Steamhouse India Ltd. IPO shares are listed on BSE and NSE.

Each Steamhouse India Ltd. share has a of ₹2.

Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.

held 98.69% of Steamhouse India Ltd. before the IPO, which falls to 77.96% after the issue.

5,11,11,110 shares of Steamhouse India Ltd. are being offered to the public in this issue.

The Steamhouse India Ltd. IPO has been subscribed 30.49x overall — 43.91x, 44.30x and 16.90x.

figures update through the issue period until it closes.

  1. 1.Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company
  2. 2.Funding capital expenditure requirements for augmenting infrastructure development of our Company towards (i) capacity expansion of the Ankleshwar Facility (Phase 3) and (ii) capacity expansion of the Panoli Facility (Phase 2)
  3. 3.Funding capital expenditure in relation to setting up of a new manufacturing facility for generation of steam in Dahej SEZ
  4. 4.General corporate purposes

Equirus Capital Pvt Ltd is the book running lead manager for the Steamhouse India Ltd. IPO.

Pre-apply means placing your Steamhouse India Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.

Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.

You can apply in the Steamhouse India Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.

Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.

Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.

You can check the Steamhouse India Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.