Steamhouse India’ initial public offering (IPO) is set to open for subscription on September 9, 2026. According to the Red Herring Prospectus (RHP), the ₹414.00 crore book-built issue comprises a fresh issue of up to ₹353.00 crore and an offer for sale (OFS) of up to ₹61.00 crore by its existing shareholders.

The IPO will remain open until September 11, 2026. The basis of allotment is expected to be finalised on September 15, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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: To be announced
Lot Size: To be announced
Minimum Investment Amount (Retail Investor): To be announced
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:

Event	Date
Subscription Opening Date	9 September 2026
Subscription Closing Date	11 September 2026
Basis of Allotment Date	15 September 2026
Refund Initiation Date	16 September 2026
Credit of Shares	16 September 2026
Listing on BSE and NSE	17 September 2026

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

Explore other Upcoming IPOs on BSE and NSE.

Steamhouse India IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 35% of the Net Issue
Retail Individual Investors (RII)	Not less than 15% of the Net Issue

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 specializes in the generation and centralized pipeline distribution of industrial gases, primarily steam and nitrogen, for industrial customers. It is a pioneer of the community boiler system in India, offering a shared pipeline-based alternative that eliminates the need for individual customers to maintain their own steam infrastructure.

Steam generation and distribution remains the company's core business, complemented by the purchase and redistribution of steam through its pipeline network. In 2025, it expanded into nitrogen production, becoming the only company in India to supply nitrogen through a distributed pipeline network instead of conventional cryogenic tanks or onsite generation.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	491.51	395.11	291.71
EBITDA	83.49	69.32	68.41
Profit After Tax (PAT)	38.64	31.16	27.19