Steamhouse India Limited IPO DRHP
Steamhouse is an Indian provider of industrial gas solutions, focused on the generation and centralized distribution of steam and nitrogen through an extensive pipeline network. It operates seven community steam boilers—6 owned and 1 leased—across key industrial locations, with an aggregate installed steam capacity of 345 TPH as of September 30, 2025. The company also operates a nitrogen generation and distribution facility in Ankleshwar, commissioned in February 2025, with a capacity of 350 NM³ per hour. Its operations use a mix of fuels, including coal and alternative non-fossil fuels such as plastic waste. As of November 15, 2025, the company owned and maintained over 56 km of operational pipelines and served 174 customers across sectors including pharmaceuticals, chemicals, agro-chemicals, textiles, tyres, dyes and pigments, polymers, and paints.
Steamhouse IPO Objects
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company
- Funding Capex requirements for augmenting infrastructure development of company towards expansion of the Ankleshwar Facility & Panoli Facility
- Funding Capex in relation to the setting up of a new manufacturing facility for generation of steam in Dahej SEZ
- General corporate purposes
Steamhouse IPO Details
Price Band₹ |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹345.00 Cr (0.00 Shares) |
Offer For Sale₹80.00 Cr (0.00 Shares) |
Total Issue₹425.00 Cr (0.00 Shares) |
Face Value₹2 per equity share |
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
Steamhouse IPO Financials
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 238.42 | 395.11 | 291.71 | 315.54 |
| PAT | 13.09 | 31.16 | 27.19 | 33.40 |
| Net Worth | 139.67 | 131.00 | 102.71 | 56.84 |
| Borrowings | 216.60 | 222.95 | 202.71 | 105.94 |
| Assets | 594.38 | 543.67 | 422.31 | 247.08 |
| NAV (₹) | 6.18 | 5.80 | 4.55 | 7.58 |
| EPS (₹) | 0.58 | 1.38 | 1.21 | 1.48 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 17.54% |
| PAT | 7.82% |
| ROE | 23.53% |
| ROCE | 17.20% |
| Net Debt to Equity | 1.63 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Details
| Name | Shareholding |
|---|---|
| Vishal Budhia | 89.61% |
| VSB Business Trust | 3.54% |
| Others | 5.54% |
| Total | 98.69% |
Management Details
| Name | Designation |
|---|---|
| Vishal Sanwarprasad Budhia | MD |
| Vaibhav Gattani | CFO |
Company Details
Name: Steamhouse India Limited
Address: Office No. – 324, Second Floor, Four Point, V.I.P. Road, Vesu, Surat – 395007, Gujarat, India
Number: +91 261 2998109
Email: compliance@steamhouse.in
Website: https://steamhouse.in/
Book Running Lead Managers (BRLMs)
RTAs
KFin Technologies
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Steamhouse IPO is a Mainboard IPO having an issue size of Rs. ₹425.00 Crs. Steamhouse IPO is priced at ₹ - ₹ per share. The issue opens on 11 Feb 26 and closes on 11 Feb 26.
Steamhouse IPO opens on 11 Feb 26 and closes on 11 Feb 26.
The estimated Grey Market Premium of Steamhouse IPO is ₹0 per share (-).
The minimum lot size of Steamhouse IPO is shares & the minimum application amount is Rs. 0.
The allotment date of Steamhouse IPO is 11 Feb 26.
The listing date of Steamhouse IPO is 11 Feb 26.
Steamhouse IPO is subscribed -.
Steamhouse IPO is priced at ₹ - ₹ per share.
Click the allotment link on Steamhouse IPO page of IPO360.
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