Steamhouse IPO: dates, price band, lot size and GMP
Steamhouse IPO listed on 17 Sep at ₹94.5 (NSE, BSE). Issue dates 9 – 11 Sep 2026, price band ₹77 – ₹81, lot 185 shares. The shares now trade on the exchange; any pre-IPO price on this site is historical.
Listing: Steamhouse listed on 17 Sep 2026 on NSE, BSE at ₹94.50, +₹13.50 (+16.7%) against the ₹81 upper band. Steamhouse IPO listing date, price and gain · Recently listed IPOs
Updated 19 Oct 2026, 20:10 IST. Unofficial grey-market figures, dated.
BuyUnlistedShares tracks 209 IPOs on its calendar; the Steamhouse IPO has a price band of ₹77 – ₹81, a lot of 185 shares and no grey-market premium reported yet as of 19 Oct 2026.
Key details
| Board | Mainboard |
|---|---|
| Issue dates | 9 – 11 Sep 2026 |
| Price band | ₹77 – ₹81 |
| Lot size | 185 shares |
| Issue size | ₹414.00 Cr |
| Fresh issue | ₹353 Cr |
| Offer for sale | ₹61 Cr |
| Subscription | 32.07x |
| Registrar | Kfin Technologies Ltd. |
| Lead managers | Equirus Capital Ltd. |
| Status | Listed |
Timeline
- Issue opens: 9 Sep
- Issue closes: 11 Sep
- Allotment: 15 Sep
- Refunds: 16 Sep
- Demat credit: 16 Sep
- Listing: 17 Sep
Live subscription
| Category | Subscribed |
|---|---|
| QIB | 46.19x |
| NII | 46.6x |
| sNII | 49.33x |
| bNII | 45.23x |
| Retail | 17.78x |
| Total | 32.07x |
Last updated 11 Sep 2026, 6:54 PM IST.
Issue details
| Face value | ₹2 |
|---|---|
| Issue type | Book Build Issue |
| Listing at | NSE, BSE |
| Market cap at the upper band | ₹2,238.89 Cr |
| P/E (pre-issue) | 48.8x |
| P/E (post-issue) | 57.86x |
| Fresh issue (shares) | 4,35,80,246 |
| Offer for sale (shares) | 75,30,864 |
| Total shares offered | 5,11,11,110 |
| Promoter holding pre-issue | 95.79% |
| Promoter holding post-issue | 77.96% |
| Promoters | Vishal Sanwarprasad Budhia, Ritu Budhia, V SB Business Trust, Budhia Business Trust, VB Business Trust |
| Lead managers | Equirus Capital Ltd. |
| Registrar phone | 040-79615565 |
| Registrar email | steamhouse.ipo@kfintech.com |
| Company website | steamhouse.in |
| Anchor bid date | 8 Sep 2026 |
| Anchor lock-in ends (50%) | 14 Oct 2026 |
| Anchor lock-in ends (remaining) | 13 Dec 2026 |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 185 | ₹14,985 |
| Retail (maximum) | 14 | 2,590 | ₹2,09,790 |
| sNII (minimum) | 14 | 2,590 | ₹2,09,790 |
| bNII (minimum) | 67 | 12,395 | ₹10,03,995 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| Anchor Investor | 30% | 1,53,33,332 | |
| QIB | 20% | 1,02,22,222 | Not more than 50% of the Offer |
| NII (HNI) | 15% | 76,66,667 | Not less than 15% of the Offer |
| sNII | 5% | 25,55,555 | |
| bNII | 10% | 51,11,112 | |
| Retail | 35% | 1,78,88,889 | Not less than 35% of the Offer |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 9 Sep | 0.00x | 0.32x | 0.58x | 0.18x | 0.74x | 0.44x |
| Day 2 · 10 Sep | 1.70x | 2.11x | 3.47x | 1.43x | 2.77x | 2.32x |
| Day 3 · 11 Sep | 46.19x | 46.60x | 49.33x | 45.23x | 17.78x | 32.07x |
Key ratios as of 31 Mar 2026
| EPS (pre-issue) | ₹1.66 |
|---|---|
| EPS (post-issue) | ₹1.4 |
| P/E (pre-issue) | 48.8x |
| P/E (post-issue) | 57.86x |
| RoNW | 23.6% |
| RoCE | 16.06% |
| RoE | 22.36% |
| PAT margin | 7.81% |
| EBITDA margin | 16.99% |
| Price / book | 11.17x |
| NAV per share | ₹7.25 |
| Debt / equity | 1.57 |
| Market cap (upper band) | ₹2,238.89 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 679.45 | 543.67 | 422.31 | +25% |
| Total Income | 494.97 | 398.53 | 293.16 | +24.2% |
| Profit After Tax | 38.64 | 31.16 | 27.19 | +24% |
| EBITDA | 83.49 | 69.32 | 68.41 | +20.4% |
| NET Worth | 163.76 | 131 | 102.71 | +25% |
| Reserves and Surplus | 127.57 | 87.25 | 58.35 | +46.2% |
| Total Borrowing | 281.62 | 222.95 | 202.71 | +26.3% |
About Steamhouse
Incorporated in June 2015, Steamhouse India is a Surat-based industrial steam and gas supplier company. The company has an extensive pipeline network, spans over 45 kms in key industrial hubs including like Sachin, Vapi, Ankleshwar, Sarigram, Panoli and Nadesari. The company started nitrogen production and supply on February 1, 2025, with its first project at the Ankleshwar facility. In Fiscal 2025, they earned ₹0.90 million from nitrogen operations, increasing to ₹3.01 million in the stub period ending September 30, 2025. As of November 15, 2025, the seven boilers have a combined steam capacity of 345 tonnes per hour, equating to 2,185,920 tonnes per annum.
As of November 15, 2025, the company owned, operated and maintained a 56,236 meters operational pipeline system connecting its facilities to its customers’ premises. With a strong focus on cutting-edge technology, the company provides energy-efficienct and eco-conscious steam solutions. The company's clients include Aether Industries Limited, Anupam Rasayan India Limited, Globe Enviro Care limited, Gujarat Polysol Chemicals Private Limited, Devanshi Dyestuff, K. Patel Chemo Pharma Private Limited, K. Patel Dye Chem Industries Private Limited, Mahavir Synthesis Private Limited, Mangalam Intermediaries, Orgo Chem Gujarat Private Limited and Subhasri Pigments Limited.
As of September 30, 2025, the company's workforce comprised 213 employees, and it utilises the services of 292contract labourers (136 at Ankleshwar, 50 at Nandesari, 34at Sarigam, 38 at Vapiand 34at Panoli). Compettitve Strength: Leading market position offering customers an energy efficient solution across industries with high growth potential. High barriers to entry for competitors. Strategically located facilities offering community gas generation and distribution. Marquee customer base with long-term relationships driven by our value proposition. Track-record of implementing eco-friendly solutions and promoting sustainable development.
Objects of the issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by Company — ₹180 Cr
- Funding capital expenditure requirements for augmenting infrastructure development of the Company towards capacity expansion of the Ankleshwar Facility (Phase 3 — ₹75.95 Cr
- Funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam at Dahej SEZ — ₹38.17 Cr
- General Corporate Purposes — ₹23.13 Cr
- Issue Expenses — ₹35.75 Cr
Net proceeds: ₹353 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|
| Steamhouse India Ltd. (issuer) | 1.71 | 1.71 | 7.25 | — | — | — |
| Linde India Limited | 64.37 | 64.37 | 500.27 | 99.17x | 12.77 | — |
| Ellenbarrie Industrial Gases Limited | 7.54 | 7.54 | 69.33 | 42.74x | 4.67 | — |
Note: Net Asset Value per Equity share is calculated net worth as on end of the relevant year divided by number of shares outstanding as at end of the relevant year. Net Asset value per share for are Linde India Limited and Ellenbarrie Industrial Gases Limited is calculated as total equity of the Company divided by number of Equity Shares outstanding as at end of the relevant year
Offer documents: DRHP (PDF) · RHP (PDF)
Track this issue
- Steamhouse IPO listing day: listed at ₹94.50 (+16.7% vs the upper band), 17 Sep 2026
- Steamhouse IPO GMP today and trend
- Steamhouse IPO subscription status, day by day
- Steamhouse IPO allotment status and how to check
Frequently asked questions
When does the Steamhouse IPO open and close?
The issue is scheduled for 9 – 11 Sep 2026.
What is the Steamhouse IPO price band?
The price band is ₹77 – ₹81 per share with a lot size of 185 shares.
How big is the Steamhouse IPO?
The total issue size is ₹414.00 Cr, of which ₹353 Cr is a fresh issue and ₹61 Cr an offer for sale.
When will Steamhouse list?
The tentative listing date is 17 Sep on the main board.
How do I apply for the Steamhouse IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), Steamhouse · as filed with SEBI · sebi.gov.in
- Red herring prospectus (RHP), Steamhouse · as filed · sebi.gov.in
- Registrar allotment page, Kfin Technologies Ltd. · allotment 15 Sep · ipostatus.kfintech.com
- NSE public issues page · listing 17 Sep · nseindia.com
- BSE public issues page · listing 17 Sep · bseindia.com
- Steamhouse company website · steamhouse.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 17 Sep, 04:04 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Steamhouse IPO”, https://buyunlistedshares.com/ipo/steamhouse-india-ipo, as of 19 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 19 Oct 2026.
Guides for IPO applicants and pre-IPO holders
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- What Happens to Your Unlisted Shares After the IPO? Lock-In Periods Explained
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