Bookbuilding IPO | ₹425 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Steamhouse India Ltd. on October 14, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 18 months.
Steamhouse India Ltd. IPO is a Book Build Issue of ₹425.00 crores consisting of a fresh issue of shares worth Rs ₹345.00 crores and an offer for sale (OFS) of ₹80.00 crores.
The equity shares are proposed to be listed on NSE and BSE. Equirus Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Steamhouse IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹425 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹345 Cr) |
| Offer for Sale | [.] shares of ₹2 (agg. up to ₹80 Cr) |
| Share Holding Pre Issue | 22,59,76,750 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jul 2, 2025 Confidential |
| SEBI/Exchange approval received | Tue, Oct 14, 2025 Confidential |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in June 2015, Steamhouse India is a Surat-based industrial steam and gas supplier company.
The company has an extensive pipeline network, spans over 45 kms in key industrial hubs including like Sachin, Vapi, Ankleshwar, Sarigram, Panoli and Nadesari.
The company started nitrogen production and supply on February 1, 2025, with its first project at the Ankleshwar facility. In Fiscal 2025, they earned ₹0.90 million from nitrogen operations, increasing to ₹3.01 million in the stub period ending September 30, 2025.
As of November 15, 2025, the seven boilers have a combined steam capacity of 345 tonnes per hour, equating to 2,185,920 tonnes per annum.
As of November 15, 2025, the company owned, operated and maintained a 56,236 meters operational pipeline system connecting its facilities to its customers’ premises.
With a strong focus on cutting-edge technology, the company provides energy-efficienct and eco-conscious steam solutions.
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.
As of September 30, 2025, the company's workforce comprised 213 employees, and it utilises the services of 292contract labourers (136 at Ankleshwar, 50 at Nandesari, 34at Sarigam, 38 at Vapiand 34at Panoli).
Compettitve Strength:
Steamhouse India Ltd.'s revenue increased by 36% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 594.38 | 543.67 | 422.31 | 247.08 |
| Total Income | 239.73 | 398.53 | 293.16 | 316.64 |
| Profit After Tax | 13.09 | 31.16 | 27.19 | 33.40 |
| EBITDA | 33.56 | 69.32 | 68.41 | 57.94 |
| NET Worth | 56.84 | 102.71 | 131.00 | 139.67 |
| Reserves and Surplus | 101.57 | 87.25 | 58.35 | 41.84 |
| Total Borrowing | 105.94 | 202.71 | 222.95 | 216.60 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company | 0.00 |
| 2 | Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Ankleshwar Facility (Phase 3) | 0.00 |
| 3 | Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Panoli Facility (Phase 2) | 0.00 |
| 4 | Funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam at Dahej SEZ | 0.00 |
| 5 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 23.53 |
| ROCE | 17.20 |
| Debt/Equity | 1.63 |
| PAT Margin | 7.82% |
| EBITDA Margin | 17.54% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.69% |
Lead Manager Reports
Steamhouse IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹425 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Steamhouse IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Steamhouse IPO using UPI as a payment gateway. Zerodha customers can apply in Steamhouse IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Steamhouse IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Steamhouse IPO dates are not announced. Please check back again after some time.
Steamhouse IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Steamhouse IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Steamhouse IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Steamhouse IPO allotment status.
The Steamhouse IPO listing date is not yet announced. The tentative date of listing is .
