Steamhouse India will enter the Indian market with its IPO on 9 September 2026 to be priced at ₹414 crore the IPO will be open until 11 September and investors have three days to join in the offering.
The IPO will be a combination of a fresh issue and an offer for sale (OFS). Of the total ₹414 crore raised, ₹353 crore will be from the fresh issue, while shares up to ₹61 crore will be offered by existing shareholders through the OFS route.
The company is expected to list its equity shares on the National Stock Exchange (NSE) and the BSE.
The company is expected to IPO on September 17, 2026, under the proposed schedule, the IPO process would be completed by September 17, 2026.
Steamhouse India is in the industrial energy business and provides steam and nitrogen to industrial customers through a centralised pipeline distribution system.
It is very much associated with industrial and manufacturing operations where steam and industrial gases play a key role in production.
The company had already submitted its Red Herring Prospectus (RHP) with the Securities and Exchange Board of India (SEBI).
The company's business, financial performance, risks and details of the proposed public issue are provided in the filing.
The ₹414-crore offering is a book-built issue. The equity shares have a face value of ₹2 each.
However, investors will need to wait for the company to announce the IPO price band and lot size before deciding the minimum investment required.
The IPO is scheduled to open on September 9 and close on September 11. The basis of allotment will be finalised around September 15 and the credit of the successful applicants and the market debut on September 17.
Steamhouse India’s IPO comes at a time when India’s primary market is experiencing a lot of activity and a number of companies are in a position to raise funds from investors.
The September IPO calendar is typically busy with more than one public issue expected to get a lot of investor attention.
Investors considering the Steamhouse India issue, for instance, will have to consider how the company is financially healthy, valuation, growth prospects, industrial sector outlook and finally IPO price.
Investors will also be able to assess how well the company is able to expand its market base and benefit from rising industrial activity.
When Steamhouse India opens up, investors will be looking to get in on the opportunities in India's industrial and manufacturing sector.
And how the market will react will also be indicative of investors' appetite for new listings at a time when IPOs are on the rise.
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