SI
Steamhouse India IPO Listing Price, Gain & Allotment
Listed
Mainboard IPO
BSE, NSE
Listed 17 Sep 2026
· updated 1 month ago
Price band
₹81
GMP
+₹13.5
Est. listing price₹94.5
Est. listing gain16.67%
Issue size₹414 Cr
Steamhouse India IPO Details
Open DateWed, 9 Sep 2026
Close DateFri, 11 Sep 2026
Listing DateThu, 17 Sep 2026
Listing AtBSE, NSE
Price Band₹81 per share
Lot Size185 shares
Min. Investment₹14,985
Issue Size₹414 Cr
Steamhouse India IPO Dates & Timeline
Tentative dates follow SEBI's T+3 listing timelineIPO Opens
Wed, 9 Sep
IPO Closes
Fri, 11 Sep
Basis of Allotment
Mon, 14 Sep
Tentative
Refunds Initiated
Tue, 15 Sep
Tentative
Shares Credited to Demat
Tue, 15 Sep
Tentative
Listing Date
Thu, 17 Sep
Steamhouse India IPO GMP Today
All IPO GMP
GMP today
+₹13.5
Est. listing price
₹94.5
Est. gain %
16.67%
Est. profit / lot
₹2,497.5
GMP is an unofficial grey-market indicator and can change quickly. It does not guarantee listing gains.
Try the GMP calculator · What is GMP? · GMP of all IPOs
Final visitor sentiment
Visitor opinion poll, not investment advice.
Steamhouse India IPO Subscription Status
As of 11 Sep, 7:00 PM
Retail (RII)
16.90x
NII / HNI
44.30x
bHNI (>₹10L)
43.00x
sHNI (₹2–10L)
46.89x
QIB
43.91x
Total
30.49x
Times subscribed per category, from NSE (bids on NSE and BSE combined). Final figures after bidding closed.
Steamhouse India IPO Listing Price & Gain
Issue price₹81
Listing price (NSE)₹94.5
Listing gain+16.67%
Listing-day close₹102.55 (+26.6%)
The last GMP before listing (₹13.5) pointed to about ₹94.5; the shares opened 0.0 points above that estimate. How accurate is GMP?
Steamhouse India IPO Allotment Status
The registrar for this IPO is KFin Technologies. You can also check on the exchange websites using your PAN or application number.
New to this? Read how to check IPO allotment status or see all IPOs awaiting allotment.
Steamhouse India IPO Lot Size & Minimum Investment
At upper price band of ₹81| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 185 | ₹14,985 |
| Retail (Max) | 13 | 2,405 | ₹1,94,805 |
| S-HNI (Min) | 14 | 2,590 | ₹2,09,790 |
| S-HNI (Max) | 66 | 12,210 | ₹9,89,010 |
| B-HNI (Min) | 67 | 12,395 | ₹10,03,995 |
Steamhouse India IPO analysis: what the numbers say
Steamhouse India is an industrial gas firm that uses its network of pipelines to produce and distribute steam and nitrogen centrally. The ₹414 Cr issue combines a fresh issue of ₹353 Cr, which goes to the company, and an offer for sale (OFS) of ₹61 Cr by existing shareholders, so about 85% of the money raised reaches the business. Promoter holding falls from 96.59% to 78.63% after the issue.
Revenue rose from ₹293.16 Cr in FY24 to ₹494.97 Cr in FY26, a compound annual growth of 29.9%. Profit after tax grew from ₹27.19 Cr to ₹38.64 Cr. That is a net profit margin of 7.8% in FY26. Borrowings were 1.72 times net worth at the end of FY26.
The issue closed subscribed 30.49x overall (QIB 43.91x, NII 44.30x and retail 16.90x). Steamhouse India listed at ₹94.5 on 17 Sep 2026, +16.7% against the issue price of ₹81. The last GMP before listing had pointed to about ₹94.5, so it opened 0.0 points above the grey market estimate. It closed the first day at ₹102.55 (+26.6%).
Worked out by IPO Darbaar from the offer document, exchange data and the latest GMP. For information only, not a recommendation.
Steamhouse India IPO Issue Structure
Fresh issue ₹353 Cr (85.3%)
Offer for sale ₹61 Cr (14.7%)
Face value₹2 / share
Market cap (post issue)—
Promoter holding (pre)96.59%
Promoter holding (post)78.63%
- Promoters
- Vishal Sanwarprasad Budhia, Ritu Budhia, V SB Business Trust, Budhia Business Trust, VB Business Trust
- Book running lead managers
- Equirus Capital Ltd.
Objects of the Steamhouse India IPO
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company. ~ Rs. 180 Cr.
- Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Ankleshwar Facility (Phase 3). ~ Rs. 37.98 Cr.
- Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Panoli Facility (Phase 2) ~ Rs. 37.98 Cr.
- Funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam at Dahej SEZ. ~ Rs. 38.17 Cr.
Steamhouse India IPO Strengths & Risks
Strengths
- Leading position in the market by providing clients with energy-efficient solutions in sectors with significant room for expansion.
- High obstacles to competitors' entry.
- Infrastructure that provides community gas distribution and generation in strategic locations.
- Driven by our value offer, we have a loyal customer base.
Risks
- Because its goods are supplied through specialized pipeline networks, the company can mainly service clients that live close to its steam and gas plants. Finding suitable land near industrial clusters is therefore crucial for expansion.
- 53.95% of revenue in FY25 and 52.83% in the six months ending September 30, 2025 came from the company's top ten clients. Revenue and profitability could be severely impacted by losing even a small number of important clients, making fewer purchases, or canceling recurring orders.
- Repeat orders accounted for over 96.64% of sales in H1 FY26 and 88.01% in FY25. The company's financial performance could be negatively impacted by any decrease in purchases or termination of repeat orders.
Steamhouse India Financials
Restated, ₹ crore
FY24
FY25
FY26
Revenue Profit after tax
| Period ended | FY2431 Mar 2024 | FY2531 Mar 2025 | FY2631 Mar 2026 |
|---|---|---|---|
| Revenue | 293.16 | 398.53 | 494.97 |
| Profit after tax | 27.19 | 31.16 | 38.64 |
| Net worth | 102.71 | 131 | 163.76 |
| Total assets | 422.31 | 543.67 | 679.45 |
| Total borrowings | 202.71 | 222.95 | 281.62 |
| PAT margin | 9.27% | 7.82% | 7.81% |
Steamhouse India Key Performance Indicators (KPIs)
ROE22.36%
ROCE16.06%
RoNW23.6%
Debt / Equity1.57
About Steamhouse India IPO
Steamhouse India is a mainboard IPO worth ₹414 crore with a price band of ₹81 per share. The issue opens on 9 September 2026 and closes on 11 September 2026. Shares are expected to list on 17 September 2026 on BSE, NSE.
Steamhouse India IPO is a Mainboard IPO with an issue size of Rs. 414 Cr by Steamhouse India Limited, which is an industrial gas firm that uses its network of pipelines to produce and distribute steam and nitrogen centrally.
Industrial clients have an alternative to building and maintaining their own infrastructure thanks to its community-based platforms. In major industrial centers including Sachin, Vapi, Ankleshwar, Sarigram, Panoli, and Nadesari, the company has a vast pipeline network that stretches over 45 kilometers.
The company's business for industrial gas consists of:
Nitrogen distribution, compression, and separation.
Additionally, SteamHouse buys steam from other producers to distribute via its pipeline network. In addition, it trades coal and extracts nitrogen from atmospheric air, compresses it, and delivers purified nitrogen to industrial clients.
This new IPO is to be launched on 09 Sep 2026, and its ‘initial public offering’ will end on 11 Sep 2026.
Steamhouse India IPO: FAQs
What is the subscription status of Steamhouse India IPO?
The issue closed subscribed 30.49x overall (QIB 43.91x, NII 44.30x and retail 16.90x). Figures are from NSE and cover bids on both exchanges.
What was the listing price of Steamhouse India IPO?
Steamhouse India listed at ₹94.5 on 17 Sep 2026, +16.7% against the issue price of ₹81. The last GMP before listing had pointed to about ₹94.5, so it opened 0.0 points above the grey market estimate. It closed the first day at ₹102.55 (+26.6%).
What is the price band of Steamhouse India IPO?
The Steamhouse India IPO price band is ₹81 per share and the issue size is ₹414 crore.
What is the lot size and minimum investment for Steamhouse India IPO?
One lot of Steamhouse India IPO has 185 shares. The minimum application for retail investors is 1 lot (185 shares), which costs ₹14,985 at the upper price band.
When does Steamhouse India IPO open and close?
Steamhouse India IPO opens for subscription on Wednesday, 9 September 2026 and closes on Friday, 11 September 2026. Bids are accepted until 5 PM on the closing day.
What is the Steamhouse India IPO allotment date?
The basis of allotment for Steamhouse India IPO is expected to have been finalised on Monday, 14 September 2026, one working day after the issue closes (SEBI T+3 timeline).
How to check Steamhouse India IPO allotment status?
Visit the website of the registrar, KFin Technologies, select Steamhouse India IPO and search by PAN or application number. You can also check on the IPO allotment status page or on the BSE and NSE websites.
When is Steamhouse India IPO listing date?
Steamhouse India shares listed on BSE, NSE on Thursday, 17 September 2026 at ₹94.5 per share.
Is Steamhouse India a mainboard or SME IPO?
Steamhouse India is a mainboard IPO, listing on the main board of BSE, NSE.
Last updated 28 Sep 2026, 11:54 PM IST. GMP is unofficial and indicative; dates after the issue closes are tentative. Not investment advice.