Steamhouse India IPO Day 1: Subscription Status, Timeline & Key Issue Details

Steamhouse India Ltd.'s ₹414.00 crore initial public offering (IPO) opened for public subscription today, September 9, 2026, with a price band of ₹77 to ₹81 per share. As of 10:05 A.M on the first day of bidding, the issue had been subscribed 0.01 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 1 Subscription Status

[September 9, 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 specializes in the generation and centralized pipeline distribution of industrial gases, primarily steam and nitrogen, for industrial customers. The company pioneered India's community boiler system, providing a shared pipeline-based solution that eliminates the need for individual customers to maintain dedicated steam generation infrastructure.

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

Key Financial Highlights 

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