IPO profile
Steamhouse India Limited
STEAMHOUSE · NSE
- Price band
- ₹77 - ₹81
- Subscription
- Not available
Application & Issue Details
- Minimum Quantity
- 185 shares
- Minimum Application
- ₹14,985
- Issue Size
- Rs. 414 Cr
- Face Value
- Not available
- Issue Price
- ₹81
Company Overview
Steamhouse India operates large-scale centralized community boilers to generate and distribute steam and other industrial gases through a distributed pipeline network. The company primarily serves industrial clusters in Gujarat, utilizing coal and non-fossil fuels such as plastic waste, textile waste, and agro-waste for its waste-to-energy facilities. It offers a flexible plug-and-play solution where industrial customers control their consumption through on-site valves, paying based on actual usage or minimum contractual obligations. Revenue is primarily generated through the sale of steam and nitrogen under short- to long-term contracts ranging from one to ten years, which include fixed and variable cost components. Additionally, the company generates revenue through coal trading by selling excess imported coal in the open market and co-generates electricity to operate its own boiler facilities.
Important Dates
- Open Date
- 9 Sept 2026
- Close Date
- 11 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 17 Sept 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
Subscription data not available yet.
Actual Listing Performance
- Listing Date
- 17 Sept 2026
- Actual Listing Price
- ₹94.5
- Gain/Loss Per Share
- +₹13.5
- Gain/Loss Per Lot
- +₹2,497.5
- Listing Gain/Loss %
- +16.67%
- Measured Against
- ₹81
- Lot Size
- 185 shares
Historical result from the reported listing price, compared with the issue price. Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- High customer retention with long-term supply contracts spanning up to ten years.
- A flexible plug-and-play solution allows customers to pay based on actual consumption.
- Strategic facility locations near major industrial clusters in Gujarat reduce transmission losses.
- Integration of non-fossil fuels like plastic and agro-waste to reduce environmental impact.
- Consistent revenue growth driven by a high volume of repeat orders and established infrastructure.
Key risks
- Revenue is heavily concentrated, with the top ten customers contributing 47.87% of operations.
- Profitability is substantially dependent on the price and availability of imported coal.
- Geographic concentration in Gujarat makes operations highly vulnerable to local regulatory changes.
- Significant reliance on related party transactions with group companies for both sales and purchases.
- Past non-compliances with pollution control board approvals could result in future operational penalties.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:08 pm IST · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.