Steamhouse India Limited
ListedIndustrial Gas · Mainboard IPO · INE0FRO01022
Price band
₹77 – ₹81
Lot size
185 shares
Min. investment
₹14,985
Issue size
₹414 Cr
Face value
₹2
Registrar
Kfin Technologies Ltd.
Issue timeline
Bidding opens
09 Sept 2026
Bidding closes
11 Sept 2026
Allotment
15 Sept 2026
Listing
17 Sept 2026
Final subscription
32.07x
overall
16,54,634
applications
₹9,295 Cr
bid value
| Category | Sub. (x) | Offered | Bid for | ₹ Cr* |
|---|---|---|---|---|
| Qualified Institutional (QIB) | 46.19x | 1,02,22,223 | 47,21,23,700 | 3,824 |
| Non-Institutional >₹10L (bNII) | 45.23x | 51,11,111 | 23,11,93,760 | 1,873 |
| Non-Institutional ₹2–10L (sNII) | 49.33x | 25,55,556 | 12,60,61,405 | 1,021 |
| Retail (RII) | 17.78x | 1,78,88,889 | 31,81,05,465 | 2,577 |
| Total | 32.07x | 3,57,77,779 | 1,14,74,84,330 | 9,295 |
Combined NSE + BSE subscription, sourced from the exchanges and updated periodically. * bid value approx (shares bid × cut-off price). Final subscription confirmed after the issue closes.
About the company
SteamHouse India is an industrial gas company specialising in the generation and centralised distribution of steam and nitrogen through its pipeline network.
Issue details
Issue size
₹414 Cr
Fresh issue
₹353 Cr
Offer for sale
₹61 Cr
Industry
Industrial Gas
Promoter holding (pre)
96.59%
Promoter holding (post)
78.63%
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 293.16 | 398.53 | 494.97 Cr |
| EBITDA | 68.41 | 69.32 | 83.49 |
| Profit after tax | 27.19 | 31.16 | 38.64 Cr |
| Net worth | 102.71 | 131.00 | 163.76 Cr |
| Total assets | 422.31 | 543.67 | 679.45 |
| Total borrowing | 202.71 | 222.95 | 281.62 |
Objects of the issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by 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
Strengths
- 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.
Risks
- Dependence on a limited number of customers for a significant portion of revenue.
- Fluctuations in the prices of raw materials.
- Regulatory changes affecting the industrial gas sector.
- Competition from other industrial gas suppliers.
- Operational risks associated with the maintenance of pipeline infrastructure.
Documents
Calculate your bid
At cut-off price ₹81
Lots
1
- Shares
- 185
- Amount
- ₹14,985
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login