Steamhouse India Shares List at 17% Premium on NSE
Steamhouse India made its stock market debut on Thursday, September 17, 2026, with its shares listing at a 16.67% premium on the NSE. The stock opened at ₹94.50 apiece on the NSE against its IPO issue price of ₹81 per share. On the BSE, the shares debuted at ₹93 per share, representing a 14.81% premium over the issue price.
The company’s ₹414.00 crore IPO was open for subscription from September 9 to September 11, 2026, and witnessed modest investor interest. The issue was subscribed 30.49 times by the end of the bidding period.
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
Explore other Upcoming IPOs on BSE and NSE.
Steamhouse India IPO Overall Subscription Status
[September 11, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
43.91x |
|
Non-Institutional Investors (NIIs) |
44.30x |
|
Retail Individual Investors (RIIs) |
16.90x |
|
Total |
30.49x |
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 generates and centrally distributes industrial gases, mainly steam and nitrogen, through pipeline networks. The company pioneered the community boiler model in India, allowing industrial customers to access shared steam facilities without setting up or maintaining their own generation systems.
Steam generation and pipeline distribution remain its core operations, complemented by steam procurement and redistribution. In 2025, Steamhouse entered nitrogen production and became the first company in India to distribute nitrogen through a centralized pipeline network, providing an alternative to cryogenic tank supply and on-site 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 |
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