Mumbai, Maharashtra, 8th of September, 2026 : Steamhouse India Limited’s ₹414 crore Initial Public Offering (IPO) is set to open for investors on September 9, 2026. The company has fixed the price band at ₹77 to ₹81 per equity share. Bidding for anchor investors will open on September 8, while the IPO will close on September 11.
Investors will be able to bid for a minimum of 185 shares. At the upper end of the price band, an investment of ₹14,985 will be required for one lot. The issue comprises a fresh issue of up to ₹353 crore and an offer for sale (OFS) of up to ₹61 crore.
The funds raised through the IPO will be utilised towards repayment of outstanding debt, capital expenditure and expansion of production capacity. The company plans to invest in the Phase-3 expansion of its Ankleshwar plant and Phase-2 expansion of its Panoli plant. It will also invest in Phase-2 of a new steam production facility at Dahej GIDC.
Steamhouse India manufactures and distributes steam and industrial gases such as nitrogen to industrial customers through pipeline networks.
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