Steamhouse India IPO Day 2: Subscription Status, Timeline & Key Issue Details

Steamhouse India Ltd.'s ₹414.00 crore initial public offering (IPO) entered its second day of public subscription today, September 10, 2026, with a price band of ₹77 to ₹81 per share. As of 10:20 A.M on the second day of bidding, the issue had been subscribed 0.57 times.

The IPO will remain open for subscription until September 11, 2026. The basis of allotment is expected to be finalised on September 15, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 17, 2026.

Steamhouse India IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹414.00 crore
• Fresh Issue: Up to ₹353.00 crore 
• Offer for Sale (OFS): Up to ₹61.00 crore
• Face Value: ₹2 per equity share
• Price Band: ₹77 to ₹81 per share
• Lot Size: 185 shares
• Minimum Investment Amount (Retail Investor): ₹14,985 (185 shares at the upper price band)
• Listing: BSE, NSE
• Book Running Lead Managers: Equirus Capital Limited
• Registrar: KFin Technologies Limited

Steamhouse India IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Steamhouse IPO Day 2 Subscription Status

[September 10, 2026, 10:15 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company
• Funding capital expenditure requirements for augmenting infrastructure development of the company towards:
• capacity expansion of the Ankleshwar Facility (Phase 3) 
• capacity expansion of the Panoli Facility (Phase 2)
• Funding capital expenditure in relation to setting up of a new manufacturing facility for generation of steam in Dahej GIDC (Phase 2)
• General corporate purposes.

About Steamhouse India Limited

Incorporated in 2015, Steamhouse India Limited is engaged in the generation and centralized distribution of industrial gases, primarily steam and nitrogen, through pipeline networks. The company pioneered the community boiler model in India, offering a shared steam supply system that enables industrial customers to access steam without setting up and maintaining their own generation facilities.

Steam generation and pipeline distribution continue to form the core of its operations, complemented by the procurement and redistribution of steam through its network. In 2025, Steamhouse diversified into nitrogen production and became the first company in India to distribute nitrogen through a centralized pipeline network, providing an alternative to conventional cryogenic tank supply and onsite generation.

Key Financial Highlights 

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