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Latest GMP
- Lead Manager
- Equirus Capital Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 9th Sep 2026
- IPO Close Date
- 11th Sep 2026
- Allotment date
- 15th Sep 2026
- Listing date
- 17th Sep 2026
- Issue Size
- ₹ 414 Cr.
- Issue Price Band
- ₹ 77 to 81
- Lot Size
- 185 Share
- Minimum Investment
- ₹ 14985
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Steamhouse India Limited
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 spanning over 45 kms in key industrial hubs including Sachin, Vapi, Ankleshwar, Sarigram, Panoli, and Nadesari.
Industrial Gas Business
The company's industrial gas business includes:
- Generation and distribution of steam
- Purchase and distribution of steam
- Separation, compression, and distribution of nitrogen
SteamHouse 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.
Clientele
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
- 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 its value proposition
- Track-record of implementing eco-friendly solutions and promoting sustainable development
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 1,07,53,246 (28.57%) | 47,21,23,700 | 43.91 |
| NII | 80,64,935 (21.43%) | 35,72,57,755 | 44.30 |
| bNII (> ₹10L) | 53,76,624 (14.29%) | 23,11,93,760 | 43.00 |
| sNII (< ₹10L) | 26,88,311 (7.14%) | 12,60,63,995 | 46.89 |
| Retail | 1,88,18,182 (50.00%) | 31,81,10,275 | 16.90 |
| Total | 3,76,36,363 (100.00%) | 1,14,74,91,730 | 30.49 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 11-09-2026 | ₹81 | ₹22.75 | ₹103.75 ( 28.09% ) | ₹4,208.75 | 11-Sep-2026 02:40 PM |
| 10-09-2026 | ₹81 | ₹20 | ₹101 ( 24.69% ) | ₹3,700.00 | 10-Sep-2026 10:16 AM |
| 09-09-2026 | ₹81 | ₹18 | ₹99 ( 22.22% ) | ₹3,330.00 | 09-Sep-2026 10:11 AM |
Financials of Steamhouse India Limited
A quick overview of the key financial performance of Steamhouse India Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 24%, Profit after Tax (PAT) increased by 24%, Total Assets increased by 25% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 291.71 | 395.11 | 491.51 |
| Assets | 422.31 | 543.67 | 679.45 |
| Total Income | 293.16 | 398.53 | 494.97 |
| Profit After Tax | 27.19 | 31.16 | 38.64 |
| EBITDA | 68.41 | 69.32 | 83.49 |
| Net Worth | 102.71 | 131.00 | 163.76 |
| Reserves & Surplus | 58.35 | 87.25 | 127.57 |
| Total Borrowings | 202.71 | 222.95 | 281.62 |
IPO Lot Size
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
| 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 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 22.36 |
| ROCE (%) | 16.06 |
| Debt / Equity | 1.57 |
| RoNW (%) | 23.6 |
| PAT Margin (%) | 7.81 |
| EBITDA Margin (%) | 16.99 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
1.71
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
94.99
-
|
IPO Lead Manager(s)
Lead Manager Details
- Equirus Capital Limited
- Contact Person: Mrunal Jadhav / Rahul Wadekar
- SEBI Registration Number: INM000011286
- Investor Grievance Email: investorsgrievance@equirus.com
- Website: https://www.equirus.com
- Email: steam.ipo@equirus.com
- Phone: +91 22 4332 0734
- Address: Unit No. 2601B, 26th Floor, A Wing, Marathon Futurex, Mafatlal Mills Compound, N M Joshi Marg, Lower Parel, Mumbai 400 013, Maharashtra, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- Phone
- +91 40 6716 2222 / 1800 309 4001
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium Tower B, Plot No. 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad 500032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Steamhouse India Limited
- compliance@steamhouse.in
- Phone
- +91 261 2998109
- Contact Person
- Shyam Bhadresh Kapadia
- Corporate Identity Number
- U40300GJ2015PLC083493
- Address
- Office No. 324, Second Floor, Four Point, V.I.P. Road, Vesu, Surat - 395007, Gujarat, India
- Website
- https://steamhouse.in/
Steamhouse India Limited FAQs
