Steamhouse India IPO Details
| IPO Open Date | September 9, 2026 |
| IPO Close Date | September 11, 2026 |
| Face Value | ₹2 Per Equity Share |
| IPO Price Band | ₹77 to ₹81 Per Share |
| Issue Size | Approx ₹414 Crores |
| Fresh Issue | Approx ₹353 Crores |
| Offer for Sale: | Approx 75,30,864 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Steamhouse India IPO Market Lot
The Steamhouse India IPO minimum market lot is 185 shares with ₹14,985 application amount. The retail investors can apply up-to 13 lots with 2405 shares of ₹1,94,805 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 185 | ₹14,985 |
| Retail Maximum | 13 | 2,405 | ₹1,94,805 |
| S-HNI Minimum | 14 | 2,590 | ₹2,09,790 |
| S-HNI Maximum | 66 | 12,210 | ₹9,89,010 |
| B-HNI Minimum | 67 | 12,395 | ₹10,03,995 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 1,53,33,332 Shares | 30% |
| QIB (Ex. Anchor) | 1,02,22,223 Shares | 20% |
| NII Shares Offered | 76,66,667 Shares | 15% |
| Retail Shares Offered | 1,78,88,889 Shares | 35% |
Steamhouse India IPO Anchor Investors
| Anchor Bidding Date | September 8, 2026 |
| Anchor Investors List | |
| Shares Offered | 1,53,33,332 Shares |
| Anchor Size | 124.20 Cr. |
| lock-in period end date 50% shares (30 Days) | Oct 15, 2026 |
| lock-in period end date 50% shares (90 Days) | Dec 14, 2026 |
Steamhouse India IPO Dates
The Steamhouse India IPO date is September 9 and the close date is September 11. The Steamhouse India IPO allotment will be finalized on September 15 and the IPO listing on September 17.
| IPO Open Date: | September 9, 2026 |
| IPO Close Date: | September 11, 2026 |
| Basis of Allotment: | September 15, 2026 |
| Refunds: | September 16, 2026 |
| Credit to Demat Account: | September 16, 2026 |
| IPO Listing Date: | September 17, 2026 |
Promoters and Holding Pattern
The promoters of the company are Vishal Sanwarprasad Budhia, Ritu Budhia, V SB Business Trust, Budhia Business Trust and VB Business Trust.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 223,013,075 | 98.69% | 215,482,211 | 79.94% |
| Others* | 2,963,675 | 1.31% | 54,074,785 | 20.06% |
| Total | 225,976,750 | 100% | 269,556,996 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Repayment or prepayment of all or a portion of certain outstanding borrowings availed by Company | ₹180.00 |
| Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Ankleshwar Facility (Phase 3) | ₹37.98 |
| Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Panoli Facility (Phase 2) | ₹37.98 |
| Funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam at Dahej SEZ | ₹38.17 |
| General Corporate Purposes | ₹- |
About Steamhouse India
SteamHouse India, founded in June 2015, is an Industrial gas company that supplies steam and nitrogen gas through its pipeline network. The company has a pipeline network that covers over 45 kms in key industrial hubs, including Sachin, Vapi, Ankleshwar, Sarigram, Panoli, and Nadesari.
The company’s industrial gases include generating and distributing steam, buying and supplying steam, and supplying nitrogen through pipelines. Steamhouses acquires steam from other companies and supplies it to customers through its pipeline. Moreover, it takes nitrogen from the air, separates it, compresses it, and then supplies it. Aether Industries Limited, Anupam Rasayan India Limited, Globe Enviro Care Limited, Gujarat Polysol Chemicals Private Limited, Devanshi Dyestuff, and K. Patel Chemo Pharma Private Limited are some of its well-known clients.
Company Financials
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹293.16 | ₹249.85 | ₹27.19 | ₹422.31 |
| 2025 | ₹398.53 | ₹359.56 | ₹31.16 | ₹543.67 |
| 2026 | ₹494.97 | ₹443.74 | ₹38.64 | ₹679.45 |
Company Valuation – FY2026
Check Steamhouse India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 22.36% |
| ROCE: | 16.06% |
| EBITDA Margin: | 16.99% |
| PAT Margin: | 7.81% |
| Debt to equity ratio: | 1.57 |
| Earning Per Share (EPS): | ₹1.71 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 23.60% |
| Net Asset Value (NAV): | ₹7.25 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Linde India Limited | 64.37 | 99.17 | 12.87% | 500.27 | 2530.64 Cr. |
| Ellenbarrie Industrial Gases Limited | 7.54 | 42.74 | 10.68% | 69.33 | 341.58 Cr. |
IPO Lead Managers aka Merchant Bankers
- Equirus Capital Ltd.
Company Address
Steamhouse India Ltd.
Office No. 324, Second Floor,
Four Point, V.I.P. Road,
Vesu
Surat, Gujarat, 395007
Phone: 0261 2998109
Email: [email protected]
Website: https://steamhouse.in/
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-79615565
Email: [email protected]
Website: https://ipostatus.kfintech.com/
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