SteamHouse India IPO 2026: Price, Dates, GMP, Allotment & Listing
₹ 14,245
Min. Investment
Steamhouse India IPO
Industrial Gases & Fuels
Bookbuilding IPO | ₹414 Cr | Listing at BSE, NSE | Wed, Sep 9, 2026 – Fri, Sep 11, 2026
| Issue Size | ₹ 414 Cr |
| IPO Type | Mainboard |
| Market Cap | ₹ 2238 Cr |
| Price Range | ₹77 -₹81 |
| Listing Ex. | BSE, NSE |
| Revenue | ₹491.5 Cr |
| Lot Size | 185 Shares |
| RHP | Read |
| Growth Rate | 29.80% |
About SteamHouse India
Incorporated in June 2015, SteamHouse India is an industrial gas company that provides steam and nitrogen to industrial customers through its centralised generation and pipeline distribution network. Instead of setting up and maintaining their own steam and nitrogen infrastructure, customers can use the company's shared system, which helps reduce infrastructure requirements and improve operating efficiency.
The company has built a pipeline network of more than 45 km across major industrial locations, including Sachin, Vapi, Ankleshwar, Sarigam, Panoli and Nadesari. Its strategically located facilities allow it to serve industrial customers within these manufacturing clusters.
Industrial Gas Business
SteamHouse India's core business covers the generation, sourcing and distribution of steam and nitrogen. Its operations include:
- Generation and distribution of steam
- Purchase and distribution of steam from other generating entities
- Separation and compression of nitrogen from atmospheric air
- Distribution of purified nitrogen to industrial customers
- Coal trading activities
The company not only generates steam itself but also purchases steam from other producers and distributes it to customers through its pipeline network. For nitrogen, the company separates it from atmospheric air, compresses it and supplies the purified gas to industrial users.
Customer Base
SteamHouse India serves customers across different industrial sectors and has developed relationships with companies such as 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 July 31, 2026, the company had 229 employees and also utilised the services of 276 contract labourers to support its operations.
Competitive Strengths
- Strong market position: The company provides shared steam and nitrogen infrastructure that can offer an energy-efficient solution to industrial customers.
- High entry barriers: Its pipeline network and strategically located infrastructure can make it difficult for new competitors to replicate the business model in established industrial clusters.
- Strategic locations: Facilities located within major industrial hubs allow the company to supply steam and nitrogen to nearby customers efficiently.
- Established customer relationships: The company has built a customer base comprising established industrial and chemical companies, supported by long-term business relationships.
- Focus on sustainability: Its community-based utility model and energy-efficient solutions support efforts to reduce the need for individual industrial infrastructure and promote more sustainable operations.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 185 | ₹14,985 |
| Retail (Max) | 13 | 2405 | ₹1,94,805 |
| S-HNI (Min) | 14 | 2590 | ₹2,09,790 |
| S-HNI (Max) | 66 | 12210 | ₹9,89,010 |
| B-HNI (Min) | 67 | 12395 | ₹10,03,995 |
Steamhouse India IPO Subscription Status *
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| 09-Sep-26 (Day-1) | 0.0 times (X) | 0.65 times (X) | 0.52 times (X) | 0.36 times (X) |
| 10-Sep-26 (Day-2) | 0.01x | 4.41x | 1.94x | 1.5x |
| 11-Sep-26 (Day-3) | 0.04x | 15.46x | 4.98x | 4.74x |
*Subscription status is dynamic. Subject to change...
SteamHouse India IPO FAQs
What is the SteamHouse India IPO?
SteamHouse India IPO is a Mainboard IPO of SteamHouse India Limited. The company is raising around ₹414 crore through a combination of a fresh issue and an Offer for Sale (OFS). The shares are proposed to be listed on the BSE and NSE.
When will SteamHouse India IPO open and close?
The SteamHouse India IPO opened for subscription on September 9, 2026, and will close on September 11, 2026. The IPO is part of a busy primary-market week in which several Mainboard issues are open simultaneously.
What is the price band of SteamHouse India IPO?
The price band has been fixed at ₹77 to ₹81 per share. Investors can place bids within this price range.
What is the lot size of SteamHouse India IPO?
The SteamHouse India IPO lot size is 185 shares. Retail investors need to apply for at least one lot.
What is the minimum investment required for SteamHouse India IPO?
At the upper price band of ₹81, one lot of 185 shares requires a minimum investment of ₹14,985.
What is the total issue size of SteamHouse India IPO?
The total issue size is approximately ₹414 crore. It consists of a fresh issue of about ₹353 crore and an Offer for Sale of around ₹61 crore.
How much is the fresh issue in SteamHouse India IPO?
The company is raising approximately ₹353 crore through the fresh issue. The remaining portion of the IPO is being offered by existing shareholders through the OFS route.
What is the Offer for Sale (OFS) in SteamHouse India IPO?
Around ₹61 crore of the IPO comprises an Offer for Sale. Under an OFS, existing shareholders sell their shares, and the money from those shares goes to the selling shareholders rather than to the company.
What does SteamHouse India do?
SteamHouse India is an industrial gas and utility company that generates and distributes steam and nitrogen to industrial customers through its pipeline network. It also purchases steam from other generating entities for distribution and is involved in coal trading.
Where does SteamHouse India operate?
The company has a pipeline network of more than 45 km across important industrial locations such as Sachin, Vapi, Ankleshwar, Sarigam, Panoli and Nadesari.
Who are the customers of SteamHouse India?
SteamHouse India serves industrial customers across sectors including chemicals and pharmaceuticals. Its customer base includes companies such as Aether Industries, Anupam Rasayan India, Globe Enviro Care, Gujarat Polysol Chemicals and other industrial customers.
What is the objective of SteamHouse India IPO?
The proceeds from the fresh issue are intended to support the company's stated business and growth requirements. Investors should refer to the company's RHP for the detailed utilisation of IPO proceeds and the amount allocated to each purpose.
Who is the registrar of SteamHouse India IPO?
KFin Technologies Limited is the registrar for the SteamHouse India IPO.
Who is the lead manager of SteamHouse India IPO?
Equirus Capital Private Limited is the book-running lead manager for the IPO. The older Chittorgarh page also identifies Equirus Capital as the lead manager.
When will SteamHouse India IPO allotment be finalised?
The SteamHouse India IPO allotment is expected to be finalised on September 15, 2026, subject to the IPO timetable. Investors can check their allotment status through the registrar or the stock exchange once the basis of allotment is finalised.
When will SteamHouse India IPO shares be credited to the demat account?
Successful applicants are expected to receive the shares in their demat accounts around September 16, 2026, after the allotment process and related refund/unblocking procedures.
What is the listing date of SteamHouse India IPO?
SteamHouse India shares are expected to be listed on the BSE and NSE on September 17, 2026, subject to the final exchange schedule.
Disclaimer: The information provided on this IPO page is for educational and informational purposes only and should not be considered investment advice, a recommendation, or an offer to buy or sell any securities. IPO details such as price, dates, GMP, subscription data, financial figures, and listing information may change and may contain errors or omissions. Investors should independently verify all information from official sources, including the company’s RHP/DRHP and stock exchange filings, and assess their own risk before making any investment decision. EduTaxTuber does not guarantee any profit or listing gains and shall not be responsible for any loss arising from decisions made based on this information.
