Steamhouse India Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹20(24.69%)
Premium (ELP)
The IPO Subscription process for Steamhouse India Limited's is actively progressing, with the company targeting 5,11,11,110 Shares in total fundraising. This comprises 4,35,80,246 Shares in primary capital and ₹61.00 Cr in secondary market transactions.
Current bidding is confined within the price band of ₹77 to ₹81, with investment lots beginning at 185 shares. The live Subscription status enables real-time investor participation in this public offering.
Investors have until Sep 11, 2026 to submit their applications. Post-Subscription , the allotment will be finalized on Sep 15, 2026, setting the stage for the stock's debut on Sep 17, 2026 at the NSE, BSE exchange.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Steamhouse India, incorporated in June 2015 and headquartered in Surat, is an industrial steam and gas supplier serving customers across major industrial clusters in Gujarat. The Company operates a dedicated pipeline network connecting its facilities directly with customers and, as of November 15, 2025, maintained 56,236 metres of pipeline with a combined steam capacity of 345 tonnes per hour, equivalent to approximately 2.19 million tonnes per annum. It has a presence in key industrial hubs including Sachin, Vapi, Ankleshwar, Sarigam, Panoli and Nandesari, where it sets up steam-generation facilities close to industrial customers and supplies steam through dedicated pipelines, offering an energy-efficient alternative to individual steam-generation systems. The Company also entered the industrial nitrogen market in February 2025, starting with its first project at Ankleshwar. Its customer base includes companies such as Aether Industries, Anupam Rasayan India, Globe Enviro Care, Gujarat Polysol Chemicals, Devanshi Dyestuff and other industrial customers. As of September 30, 2025, Steamhouse India had 213 employees and 292 contract labourers across its operating locations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Energy-Efficient Industrial Solution: Steamhouse supplies steam through a centralised generation and pipeline system, helping industries avoid the need to build and operate their own steam-generation facilities.
- High Entry Barriers: The business requires substantial investment in boilers, pipelines, land and other infrastructure. Setting up facilities near industrial clusters also makes it harder for new competitors to enter the market.
- Strategic Facility Locations: The company’s facilities are located close to major industrial clusters, allowing it to efficiently supply steam and industrial gases to nearby customers through its pipeline network.
- Limited Geographical Reach: Since steam and gases are supplied through dedicated pipelines, the company mainly serves customers located near its facilities. This can make expansion difficult as new facilities need suitable land close to industrial clusters.
- High Customer Concentration: The top 10 customers contributed 53.95% of revenue in FY25 and 52.83% in H1 FY26. Losing major customers or receiving fewer orders could significantly affect revenue and profitability.
- Dependence on Repeat Orders: A large portion of revenue comes from repeat orders, accounting for 96.64% in H1 FY26 and 88.01% in FY25. Any decline or discontinuation of repeat orders could negatively impact the company’s financial performance.
- Vishal Sanwarprasad Budhia
- Ritu Budhia
- V SB Business Trust
- Budhia Business Trust
- VB Business Trust
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