Steamhouse India IPO: Price, GMP, Allotment Date and Financial Performance

Steamhouse India IPO: Price, GMP, Allotment Date and Financial Performance

The Steamhouse India IPO is a ₹414 crore public issue of Steamhouse India Limited. The IPO is scheduled to open for subscription on September 9, 2026, and will close on September 11, 2026. The company has fixed the price band at ₹77 to ₹81 per share, with a minimum lot size of 185 shares. The issue comprises a fresh issue of ₹353 crore and an Offer for Sale (OFS) of ₹61 crore.

Steamhouse India Limited operates in the industrial utility sector and provides steam and industrial gases to customers through pipeline networks. The company serves industries including pharmaceuticals, chemicals, textiles, agrochemicals, tyres, polymers and paints. It currently operates seven community steam boilers in Gujarat with an aggregate capacity of 345 TPH. The company plans to use IPO proceeds for debt repayment, infrastructure expansion and the development of a new steam-generation facility.

Steamhouse India IPO Detail

Particular	Details
Company	Steamhouse India Ltd
IPO Size	₹414 crore
Price Band	₹77–₹81 per share
IPO Opens	September 9, 2026
IPO Closes	September 11, 2026
Lot Size	185 shares
Minimum Investment	₹14,985
Issue Type	Fresh Issue + Offer for Sale
Listing	BSE & NSE
Allotment	September 12, 2026
Expected Listing	September 17, 2026
Registrar	KFin Technologies

Steamhouse India Financial Performance

Particulars	FY 2023-24	FY 2024-25	FY 2025-26
Revenue from Operations	₹291.71 Cr	₹395.11 Cr	₹491.51 Cr
Profit After Tax (PAT)	₹27.19 Cr	₹31.17 Cr	₹38.64 Cr
PAT Margin	9.32%	7.89%	7.86%
Total Assets	—	—	—
Net Worth	—	—	—
Debt-to-Equity Ratio	—	—	1.57
Earnings Per Share (EPS)	—	—	—

Also Read: Pranav Constructions IPO GMP Today: Latest Grey Market Premium & Listing Outlook

Steamhouse India IPO GMP Today

The Steamhouse India IPO GMP is currently around ₹0 per share based on the latest available grey-market indication. With the upper price band fixed at ₹81 per share, the current GMP suggests an estimated listing price of around ₹81 per share.

However, GMP is an unofficial market indicator and can change before the IPO listing. Investors should not consider GMP as a guaranteed listing price or return.

Key Strengths

Established presence in the industrial steam and utility sector.
Serves customers across multiple industrial sectors.
Consistent growth in revenue and profitability.
Operates seven community steam boilers in Gujarat.
Strong opportunity for capacity expansion.
IPO proceeds will support debt repayment and business expansion.
Pipeline-based distribution provides an integrated supply model for industrial customers.

Key Risks

The company operates in a capital-intensive business.
High borrowings may increase financial pressure.
Profit margins have declined over the past three years.
Business operations depend on industrial customers and their demand.
Coal and other input-cost fluctuations can affect profitability.
Environmental regulations may increase operating and compliance costs.
Expansion projects may face execution delays or cost overruns.

Conclusion

The Steamhouse India IPO provides investors with an opportunity to participate in an industrial utility company that has recorded steady revenue and profit growth. Its diversified industrial customer base, existing boiler capacity and planned expansion provide potential growth opportunities.

At the same time, investors should carefully evaluate the company’s debt levels, declining PAT margin, input-cost risks and dependence on industrial demand. GMP can provide an indication of market sentiment, but it should not be the sole basis for an investment decision.

FAQs

1. What is the Steamhouse India IPO price band?

Ans: The price band is ₹77 to ₹81 per share.

2. What is the minimum investment required?

Ans: The minimum lot is 185 shares, requiring ₹14,985 at the upper price band.

3. When does the Steamhouse India IPO open and close?

Ans: The IPO opens on September 9, 2026, and closes on September 11, 2026.

4. What is the Steamhouse India IPO GMP?

Ans: The latest reported GMP is around ₹0, but GMP is unofficial and can change before listing.

5. When will Steamhouse India shares list?

Ans: The expected listing date is September 17, 2026, on BSE and NSE.

Disclaimer: This article is for informational purposes only. IPO details, GMP and market data may change. Investors should verify information before making investment decisions.