Steamhouse India Limited

Total Issue Size

₹414 Cr

5,11,11,110 shares

Fresh Issue

₹353 Cr

4,35,80,246 shares

Offer for Sale

₹61 Cr

75,30,864 shares

Face Value

₹2 per share

Issue Type

Book-built IPO

Listing At

BSE, NSE

Shares Pre-Issue

23,28,26,065

Shares Post-Issue

27,64,06,311

1. Offer opens

   9 Sept 2026

2. Offer closes

   11 Sept 2026

3. Allotment

   15 Sept 2026

4. Listing

   17 Sept 2026

• Anchor30.0%1,53,33,332 shares
• QIB20.0%1,02,22,222 shares
• HNI15.0%76,66,667 shares
• Retail35.0%1,78,88,889 shares

Incorporated in June 2015, SteamHouse India is an industrial gas company specialising in the generation and centralised distribution of steam and nitrogen through its pipeline network. Its community-based systems provide industrial customers with an alternative to developing and maintaining individual infrastructure. The company has an extensive pipeline network, spans over 45 kms in key industrial hubs including like Sachin, Vapi, Ankleshwar, Sarigram, Panoli and Nadesari. Industrial Gas Business: The company's industrial gas business includes: Generation and distribution of steam Purchase and distribution of steam Separation, compression and distribution of nitrogen SteamHouse also purchases steam from other generating entities for distribution through its pipeline network. Additionally, it separates nitrogen from atmospheric air, compresses and supplies purified nitrogen to industrial customers, while also engaging in coal trading. The company's clients include Aether Industries Limited, Anupam Rasayan India Limited, Globe Enviro Care limited, Gujarat Polysol Chemicals Private Limited, Devanshi Dyestuff, K. Patel Chemo Pharma Private Limited, K. Patel Dye Chem Industries Private Limited, Mahavir Synthesis Private Limited, Mangalam Intermediaries, Orgo Chem Gujarat Private Limited and Subhasri Pigments Limited. As of July 31, 2026, the company had 229 employees and they utilised the services of 276 contract labourers. Compettitve Strength: Leading market position offering customers an energy efficient solution across industries with high growth potential. High barriers to entry for competitors. Strategically located facilities offering community gas generation and distribution. Marquee customer base with long-term relationships driven by our value proposition. Track-record of implementing eco-friendly solutions and promoting sustainable development.

• Repayment or prepayment of all or a portion of certain outstanding borrowings availed by Company (₹180.00 Cr)
• Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Ankleshwar Facility (Phase 3 (₹75.95 Cr)
• Funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam at Dahej SEZ (₹38.17 Cr)
• General Corporate Purposes (₹23.13 Cr)
• Issue Expenses (₹35.75 Cr)

• <p>Vishal Sanwarprasad Budhia
• Ritu Budhia
• V SB Business Trust
• Budhia Business Trust
• VB Business Trust</p>

Book running lead managers

• Equirus Capital Ltd.

Registered office

Office No. 324, Second Floor,, Four Point, V.I.P. Road,, Vesu, Surat, Gujarat, 395007

• DRHPDraft Red Herring Prospectus
• RHPRed Herring Prospectus
• AnchorAnchor Investor List