STEAMHOUSE INDIA IPO
STEAMHOUSE INDIA is a MAINBOARD IPO with a current status of CLOSED. The price band is 77 - 81. The issue opens on 09 SEP and closes on 11 SEP. The listing date is 17 SEP.
Price Band
77 - 81
Unofficial GMP
₹23
Lot Size
185 shares
Minimum Investment
₹₹14,985
STEAMHOUSE INDIA IPO GMP
The latest available GMP is ₹23. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹104.00
Estimated Gain
+28.4%
STEAMHOUSE INDIA IPO GMP History
20
10 SEP
20
09 SEP
18
08 SEP
23
11 SEP
23
11 SEP
STEAMHOUSE INDIA IPO Details
- IPO Type
- MAINBOARD
- Status
- CLOSED
- Price Band
- 77 - 81
- Issue Size
- 414 CR
- Issue Type
- Book Build Issue
- Fresh Issue
- ₹353.00 Cr
- Offer for Sale
- ₹61.00 Cr
- Face Value
- 2
- Lot Size
- 185
- Minimum Investment
- ₹14,985
- Exchange
- BSE $ NSE
- Registrar
- Kfin Technologies Ltd.
- Lead Managers
- Equirus Capital Ltd.
STEAMHOUSE INDIA IPO Dates
- Open Date
- 09 SEP
- Close Date
- 11 SEP
- Allotment Date
- 15 SEP
- Refund Date
- 16 SEP
- Demat Credit Date
- 16 SEP
- Listing Date
- 17 SEP
STEAMHOUSE INDIA IPO Subscription
- QIB
- 27.85X
- NII / HNI
- 3.85X
- Retail
- 2.10X
- Total
- 9.83X
STEAMHOUSE INDIA IPO Financials
Revenue
FY2026
₹491.51 Cr
+24.40% vs FY2025
PAT
FY2026
₹38.64 Cr
+24.01% vs FY2025
Total Assets
FY2026
₹679.45 Cr
+24.97% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 291.71 | 395.11 | 491.51 |
| Net Profit | 27.19 | 31.16 | 38.64 |
| Total Assets | 422.31 | 543.67 | 679.45 |
STEAMHOUSE INDIA IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 1 | 185 | ₹14,985 |
| Retail Maximum | 13 | 2,405 | ₹1,94,805 |
| Small HNI | 14 | 2,590 | ₹2,09,790 |
| Big HNI | 67 | 12,395 | ₹10,03,995 |
STEAMHOUSE INDIA IPO Reservation
- QIB
- 50%
- NII / HNI
- 15%
- Retail
- 35%
STEAMHOUSE INDIA Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 95.79%
- Post-IPO Promoter Holding
- ≈77.96%*
- Anchor Allocation
- 1,53,33,333 Shares / ₹124.20 Cr
STEAMHOUSE INDIA Company Overview
Steamhouse India Limited is an energy and utility solutions company primarily engaged in the business of supplying steam and related utility services to industrial customers. Its model is designed around establishing centralized steam-generation infrastructure and supplying steam to multiple industrial units through distribution networks. The company serves industrial clusters where individual manufacturers would otherwise need to install and operate their own boilers. By developing centralized steam-generation facilities, Steamhouse aims to provide customers with a reliable utility solution while allowing them to focus on their core manufacturing operations. The company is expanding its steam-generation infrastructure through facilities located in important industrial areas of Gujarat, including Ankleshwar, Panoli and Dahej GIDC. The IPO itself includes significant capital expenditure for expanding Ankleshwar and Panoli capacity and establishing additional steam-generation capacity at Dahe
STEAMHOUSE INDIA Business Model
Steamhouse India's core business model revolves around generation and supply of steam as an industrial utility. Instead of industrial customers operating individual boilers, Steamhouse develops centralized steam-generation plants and associated infrastructure. Steam generated at these facilities can then be supplied to industrial customers that require thermal energy for their manufacturing processes. This creates a utility-style business model in which the company invests in generation and distribution infrastructure and earns revenue from supplying steam to customers. The IPO expansion plan also demonstrates this strategy. Steamhouse plans to use fresh IPO proceeds to expand the Ankleshwar Facility (Phase 3) and Panoli Facility (Phase 2) and establish a new steam-generation facility at Dahej GIDC (Phase 2).
STEAMHOUSE INDIA Objects of the Issue
| OBJECT OF ISSUE | AMOUNT | | ------------------------------------------------------------------------------------------- | -----------------------: | | Repayment/prepayment of certain outstanding borrowings | **₹180.00 Cr** | | Capex for capacity expansion of Ankleshwar Facility (Phase 3) and Panoli Facility (Phase 2) | **₹75.95 Cr** | | Setting up new steam-generation manufacturing facility at Dahej GIDC (Phase 2) | **₹38.17 Cr** | | General Corporate Purposes | **Balance Net Proceeds** |
STEAMHOUSE INDIA Strengths
1. Specialized Industrial Utility Model: Steamhouse operates a differentiated centralized steam-supply model. Industrial customers can procure steam instead of developing and managing their own steam-generation infrastructure, potentially reducing operational complexity for customers. 2. Presence in Established Industrial Clusters: The company's expansion strategy focuses on major Gujarat industrial areas such as Ankleshwar, Panoli and Dahej GIDC. These locations contain numerous manufacturing units that can potentially require continuous process steam. 3. Capacity Expansion Opportunity: A meaningful portion of IPO proceeds is specifically being invested in additional infrastructure. Around ₹75.95 crore is earmarked for Ankleshwar and Panoli capacity expansion, while another ₹38.17 crore is earmarked for the Dahej steam-generation facility. 4. Fresh Capital Dominates IPO: Of the approximately ₹414 crore issue, around ₹353 crore is Fresh Issue and only ₹61 crore is OFS. Therefore, a substantial portion of the IPO proceeds goes into the company rather than entirely to selling shareholders. 5. Debt Reduction: The company intends to deploy ₹180 crore of IPO proceeds toward repayment/prepayment of certain outstanding borrowings. Successful debt reduction should improve its post-IPO balance-sheet position and reduce financing costs, all else equal.
STEAMHOUSE INDIA Risks
1. High Leverage: Steamhouse operates a capital-intensive infrastructure business. Available IPO disclosures indicate a pre-issue Debt/Equity ratio around 1.63x, making leverage an important risk for IPO investors. The planned ₹180 crore debt repayment should reduce this burden, but execution and post-IPO leverage still need monitoring. 2. Capital-Intensive Business: Establishing steam-generation facilities and associated distribution infrastructure requires substantial capital. Future expansion could require additional borrowing or equity funding if internally generated cash flows are insufficient. 3. Customer and Industrial Demand Risk: Steam demand depends on the operations of customers connected to the company's facilities. Production slowdowns, customer shutdowns, contract losses or reduced utilization within industrial clusters could negatively affect steam volumes and revenue. 4. Fuel and Input-Cost Risk: Steam generation requires energy inputs. Significant changes in fuel, transportation and other operating costs can affect margins, particularly where the company cannot immediately pass higher costs to customers. 5. Expansion Execution Risk: Steamhouse is using IPO funds for major capacity expansion at Ankleshwar and Panoli and a new facility at Dahej GIDC. Delays, cost overruns, regulatory approvals or slower-than-expected customer onboarding could reduce the expected returns from these investments. 6. Regulatory & Environmental Risk: Steam-generation operations are subject to environmental, pollution-control, industrial-safety and other regulatory requirements. Non-compliance, changes in environmental standards or delays in approvals can affect operations and expansion.
STEAMHOUSE INDIA Frequently Asked Questions
What is the STEAMHOUSE INDIA IPO price band?
The STEAMHOUSE INDIA IPO price band is 77 - 81.
What is the latest STEAMHOUSE INDIA IPO GMP?
The latest available STEAMHOUSE INDIA IPO GMP in the IPOWEB database is ₹23. GMP is unofficial and does not guarantee a listing gain.
When does the STEAMHOUSE INDIA IPO open and close?
The STEAMHOUSE INDIA IPO opens on 09 SEP and closes on 11 SEP.
When is the STEAMHOUSE INDIA IPO allotment date?
The STEAMHOUSE INDIA IPO allotment date is 15 SEP.
When is the STEAMHOUSE INDIA IPO listing date?
The STEAMHOUSE INDIA IPO listing date is 17 SEP.
What is the STEAMHOUSE INDIA IPO subscription?
The latest total subscription available for the STEAMHOUSE INDIA IPO is 9.83X.