Steamhouse India Limited

Minimum Investments

₹14,245

Price Range

₹77 - ₹81

Issue Size

₹414.00 Cr

Lot Size

185shares

Proceeds of this IPO to be used for

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) and capacity expansion of the Panoli Facility

Funding capital expenditure in relation to setting up of a new manufacturing facility for generation of steam in Dahej SEZ

General corporate purposes

Strengths & Weaknesses

High barriers to entry for competitors

The company and its promoters pioneered India’s community boiler system and operate exclusive pipeline networks in industrial clusters, creating strong entry barriers for new competitors. Their expertise in low-loss industrial gas distribution is supported by advanced technologies such as SCADA, real-time monitoring, and drone-based mapping

Energy efficient solutions

The company specializes in generating and centrally distributing industrial gases like steam and nitrogen through a shared pipeline network, eliminating the need for individual customer infrastructure. This centralized model also supports sustainability by improving fuel use and reducing emissions

Eco-friendly solutions & sustainable development

The company aims to meet customers’ industrial gas needs through eco-friendly, sustainable solutions, with community boilers reducing pollution by centralizing operations and improving fuel efficiency. Its processes minimize SPM, SOx, NOx, and ash emissions through controlled coal handling, hydrated lime treatment, and optimized combustion

Demand for steam & industrial gas

The company’s performance depends on sustained demand for steam and industrial gases, and any decline could negatively impact its results and financial condition. Demand is driven largely by customers’ capital expenditure and the needs of gas-dependent industries

Licenses & approvals

The company depends on multiple permits and approvals to operate, and failure to obtain or renew them on time could harm its business and financial performance. Its operations are regulated by various authorities, requiring ongoing compliance and periodic renewal of licenses

Working capital intensive

The company has significant capital and working capital needs to operate and expand its steam generation facilities, and may require additional financing in the future. Capital expenditure has mainly been funded through internal accruals and borrowings, and any funding shortfall could affect its business and financial performance

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)	Mar 2026	Y/Y Change
Operating Revenue	491.51	+24.40%
Other Income	3.46	+1.17%
Total Income	494.98	+24.20%
Total Expenditure	443.74	+23.41%
EBIDT	86.95	+19.54%
Depreciation	13.99	+20.71%
Interest	21.73	-2.03%
Tax	12.60	+61.54%
Net Profit	38.64	+24.01%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)	Mar 2026
Total Current Assets	122.13
Total Non-Current Assets	557.32
Fixed assets	528.46
Total Assets	679.45
Total Current liabilities	336.60
Total Non Current Liabilities	170.08
Total Equity Plus Liabilities	679.45
Total Shareholder Funds	172.77
Total Debt to Equity	163.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)	Mar 2026
Cash from Operating Activity	100.46
Cash from Financing Activities	48.04
Cash from Investing Activities	-144.57
Net Cash Flow	3.93

About the Company

SteamHouse India was incorporated on June 10, 2015. The company is an Indian industrial gas provider specializing in the generation and centralized distribution of gases like steam and nitrogen through a pipeline network. It pioneered the community boiler system in India, offering industrial customers a shared infrastructure alternative

Promoter
Vishal Sanwarprasad Budhia
Promoter
Ritu Budhia
Promoter
VSB Business Trust
Promoter
Budhia Business Trust
Promoter
VB Business Trust

FAQs for Steamhouse India Limited IPO

Steamhouse India Limited IPO refers to the initial public offering of shares by Steamhouse India Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

For Steamhouse India Limited IPO the issue size is ₹414 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

For Steamhouse India Limited IPO the minimum investment is ₹14.2 K. The minimum investment for Steamhouse India Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

For Steamhouse India Limited IPO the lot size is 185 shares. The lot size of Steamhouse India Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

To apply for Steamhouse India Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Steamhouse India Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Steamhouse India Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Steamhouse India Limited IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

For Steamhouse India Limited IPO the allotment date is 15 Sep 2026. The allotment date of Steamhouse India Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

For Steamhouse India Limited IPO, the subscription opens on 09 Sep 2026 and closes on 11 Sep 2026. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.