Steamhouse India IPO Date, Price, GMP

Steamhouse India IPO Date, Price, GMP, Review, Details 

The Steamhouse India IPO is a primary board public offering of around ₹414 crore. The offering will consist of fresh issuance of ₹353 crore and an Offer for Sale (OFS) of ₹61 crore from an existing shareholder. The price range has been fixed by the company at ₹77 to ₹81 per share with a lot size of 185 shares.

The subscription period for the IPO is expected to start on September 9, 2026, and end on September 11, 2026. The tentative date for the allotment of the shares is September 15, while the listing of shares is expected to happen on September 17, 2026, on BSE and NSE.

At the upper price range of ₹81, investors will require a minimum of ₹14,985 to apply for a single lot.

Steamhouse India IPO Details

Steamhouse India IPO Timeline

The dates are tentative and investors should check the latest information from the company, registrar and stock exchanges.

Steamhouse India IPO Lot Size

The minimum application is 185 shares. At the upper price band of ₹81, one lot requires an investment of ₹14,985.

Steamhouse India IPO GMP

Steamhouse India GMP in IPO is a non-official metric that reflects the views of investors. There is no guarantee provided either by the company or any stock exchange, and GMPs are highly variable.

Based on available market information, the Steamhouse India IPO GMP may be considered to be about ₹2 per share. However, one shouldn’t think that there will be any GMP guaranteed listing gain.

About Steamhouse India Limited

Steamhouse India Limited is an industrial utility company that produces steam and nitrogen to its customers through a network of pipelines.

The company has its operations mostly concentrated in Gujarat, and it services its customers in major industrial locations. The company’s business involves direct distribution of industrial utilities to its customers who can obtain steam and nitrogen without having to invest in the required infrastructure for the same.

In addition, the company has entered waste-to-steam project business which gives it room to take advantage of India’s increasing focus on waste management and energy solutions.

Steamhouse India Business Model

Steamhouse India Financial Performance

There has been growth registered in income in the last few years. Based on the IPO details, the income has grown from ₹293.16 crore in FY2024 to ₹494.97 crore in FY2026. The profit after tax in FY2026 was ₹38.64 crore.

The increase in revenue indicates business expansion, although investors should review the complete financial statements and cash-flow position before investing.

Steamhouse India IPO Review

Steamhouse India IPO provides investors an opportunity to invest in the industry utility & infrastructure sector. Pipeline-based supply system, presence in Gujarat, and entry into Nitrogen and Waste-to-Steam project could contribute towards its future growth.

Positive Factors

• Growing industrial utility business.
• Presence in major industrial areas of Gujarat.
• Dedicated pipeline infrastructure.
• Expansion into nitrogen supply.
• Potential opportunities in waste-to-steam projects.
• Growth in revenue.

Key Risks

• Customer concentration can affect business performance.
• Geographic concentration in Gujarat creates regional dependency.
• Industrial demand can fluctuate with economic conditions.
• Pipeline and infrastructure disruptions could affect operations.
• The business requires significant capital investment.
• Changes in industrial policies or regulations may impact growth.

Should You Invest in Steamhouse India IPO?

The Steamhouse India Upcoming IPO can be a good choice for those who are looking to invest in industrial infrastructure and utility companies. However, while the company's increasing sales and growth plans are positive, the investor must also consider the valuation, debt, cash flow, customer concentration, and future growth potential of the company.

GMP alone shouldn't be the reason for an IPO investment. It is recommended that the investor read the company's RHP.

Steamhouse India IPO – Key Highlights

GMP is unofficial and can change at any time.

Conclusion

The Steamhouse India IPO is a ₹414 crore main board offering, aimed at serving industrial steam and nitrogen demands. With a price band of ₹77-₹81, and a lot size of 185 shares, the minimum investment at the upper band stands at ₹14,985.

Revenue growth, investments in infrastructure and diversification into utility operations make this IPO a worthy consideration. However, investors are advised to weigh issues like client concentration, geographical concentration, funding needs and valuation before considering any application.

Investors are recommended to study the RHP and balance sheets to make their investment decisions. GMP should just be considered as a unofficial market barometer.