Steamhouse India Limited

Steamhouse India Limited IPO: GMP today, Price, Review, Detail

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Steamhouse India Limited is an industrial solutions company that provides centralised steam generation, steam distribution and allied industrial steam-gas services to sectors like textiles, chemicals, pharmaceuticals and tyres.
It operates community boiler networks that deliver cost-efficient and cleaner steam solutions to large industrial clients across India.

It operates seven community steam boiler facilities in Gujarat and serves over ~170 industrial clients across sectors like pharmaceuticals, chemicals and textiles.

Steamhouse India Limited has filed DRHP with SEBI for a proposed IPO with an issue size of ₹ 425 Cr consisting entirely as Fresh issue of ₹ 345 Cr and no Offer for Sale (OFS) of ₹ 80 Cr.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 425 Cr
Fresh Issue:₹ 345 Cr
Offer for Sale:₹ 80 Cr
Price Range:TBA
Lot Size:TBA
GMPPending

Steamhouse India Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 131 Cr
Revenue:₹ 395.1 Cr
EBITDA₹ 69.3 Cr
PAT₹ 31.2 Cr
EBITDA Margin:~17.54%
PAT Margin~7.82%
Face Value:Rs. 02 per Equity Share

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing repayment/prepayment~ ₹ 150 Cr
Capital expenditure for expansion~ ₹ 70.89 Cr
Setting up a new facility~ ₹ 37.38 Cr
General Corporate PurposeBalance

Steamhouse India Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 315.5₹ 291.7₹ 395.1
PAT (₹ Cr)₹ 33.4₹ 27.2₹ 31.2
Asset (₹ Cr)₹ 247.1₹ 422.3₹ 543.7
Net Worth (₹ Cr)₹ 56.8₹ 102.7₹ 131.0

Steamhouse India IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
08-Feb₹ –₹ –₹ –
07-Feb₹ –₹ –₹ –
06-Feb₹ –₹ –₹ –
05-Feb₹ –₹ –₹ –
04-Feb₹ –₹ –₹ –
Steamhouse India Limited

Steamhouse India Limited IPO Pros & Cons

Strengths:

  • Asset-light, annuity-style model with long-term steam supply contracts.
  • Strong demand driven by industrial outsourcing of utilities and energy efficiency needs.
  • Diverse industrial clientele across pharma, chemicals, textiles and FMCG.
  • Focus on cleaner energy solutions aligns with ESG and sustainability trends.
  • Scalable community boiler infrastructure with high entry barriers in clusters.

Risks:

  • Geographic concentration with majority operations currently in Gujarat.
  • Dependence on industrial demand cycles and client capacity utilisation.
  • Exposure to fuel price volatility, impacting margins.
  • Capital-intensive expansion for new steam clusters.
  • Valuation risk remains until final price band and financial multiples are disclosed.

Steamhouse India Limited Promoters – Pre offer equity (Approx)

Vishal Sanwarprasad Budhia~89.61%
VSB Business Trust~3.54%
Budhia Business Trust~2.83%
VB Business Trust~1.89%

Steamhouse India Limited Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)–1–₹ –
Retail (Max)–13–₹ –
Small HNI (Min)–14–₹ –
Small HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Steamhouse India Limited 

Lead / Book Running Lead ManagersEquirus Capital Private Limited
Registrar (RTA)KFin Technologies Limited

Founding Year of Steamhouse India Limited & Managing Director

Steamhouse India Limited was incorporated in the year 2014.

Mr. Vishal S. Budhia serves as the Chairman & Managing Director of the company.

Steamhouse India Limited FAQ

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