BSE List Price : ₹93.00

NSE List Price : ₹94.50

subscription

Category	Times
QIBs	46.19x
HNIs	46.6x
Retail	12.45x
Total : 26.41x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	185	₹14,985
Retail Maximum	13	2,405	₹194,805
S-HNI Minimum	14	2,590	₹209,790
S-HNI Maximum	66	12,210	₹989,010
B-HNI Minimum	67	12,395	₹1,003,995

About the Company

Company Overview: SteamHouse India, established in June 2015, operates as an industrial gas company engaged in the supply of steam and nitrogen through its dedicated pipeline network. The company has developed a pipeline network spanning more than 45 km across major industrial locations, including Sachin, Vapi, Ankleshwar, Sarigram, Panoli, and Nadesari.

The company’s operations primarily include the generation and distribution of steam, procurement and supply of steam, and pipeline-based supply of nitrogen. SteamHouse procures steam from other companies and distributes it to its customers through its pipeline infrastructure. In addition, the company produces nitrogen by extracting air, separating nitrogen from it, compressing the gas, and subsequently supplying it to customers. Its established customer base includes reputed companies such as Aether Industries Limited, Anupam Rasayan India Limited, Globe Enviro Care Limited, Gujarat Polysol Chemicals Private Limited, Devanshi Dyestuff, and K. Patel Chemo Pharma Private Limited.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹293.16	₹249.85	₹27.19	₹422.31
2025	₹398.53	₹359.56	₹31.16	₹543.67
2026	₹494.97	₹443.74	₹38.64	₹679.45

Company Promoter

Vishal Sanwarprasad Budhia

Ritu Budhia

V SB Business Trust

Budhia Business Trust

VB Business Trust

Know before investing

• • Strengths

  Energy-efficient industrial solution: SteamHouse offers centralised steam generation and pipeline-based distribution, enabling industrial customers to outsource steam production instead of investing in and maintaining their own steam-generation facilities.

  Strategic location of facilities: The company’s facilities are strategically located near major industrial clusters, allowing it to efficiently supply steam and industrial gases to customers in nearby areas through its dedicated pipeline network.

• • Risks

  Limited geographical reach: SteamHouse’s ability to serve customers is largely restricted to those located in proximity to its steam and gas facilities, as its products are distributed through dedicated pipeline networks. Consequently, future expansion is highly dependent on the availability of suitable land near industrial clusters.

  Dependence on repeat orders: More than 96.64% of revenue in H1 FY26 and 88.01% in FY25 was generated from repeat orders. Any decline in customer purchases or discontinuation of repeat orders may adversely impact the company’s revenue, financial performance, and overall business operations.

Objects of the Issue & Utilisation of proceeds

Repayment or prepayment of all or a portion of certain outstanding borrowings availed by Company.

Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Ankleshwar Facility (Phase 3).

Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Panoli Facility (Phase 2).

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

General Corporate Purposes

Company  Address

Steamhouse India Ltd.
Office No. 324, Second Floor,
Four Point, V.I.P. Road,
Vesu
Surat, Gujarat, 395007
Phone: 0261 2998109
Email: info@steamhouse.in
Website: https://steamhouse.in/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: steamhouse.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/