Archive · 7 Sep 2026
Steamhouse India Sets ₹414-Crore IPO Price Band at ₹77–81
Steamhouse India wants to sell shares to the public through an IPO.
Each share will cost between ₹77 and ₹81.
People can apply from September 9 to September 11.
One application lot contains 185 shares.
The company plans to raise ₹353 crore by issuing new shares.
Its promoter will sell another ₹61 crore worth of shares.
Some of the new money will repay loans.
More money will expand facilities and build a steam-generation unit.
The shares are expected to be listed on the BSE and NSE.
Steamhouse India has fixed its IPO price band at ₹77–81 per share, with a lot size of 185 shares.
Anchor-investor bidding is scheduled for September 8, followed by public subscription from September 9 to 11.
The IPO includes a ₹353 crore fresh issue and a ₹61 crore offer for sale by promoter Vishal Sanwarraprasad Budhia.
The company plans to use ₹180 crore to repay debt and additional funds to expand facilities and build a Dahej steam-generation unit.
Steamhouse serves more than 167 industrial customers and plans to list its shares on the BSE and NSE.
- Who
- Steamhouse India Limited, promoter Vishal Sanwarraprasad Budhia, and prospective investors.
- What
- Steamhouse India is launching a ₹414 crore IPO with a ₹77–81 price band, a 185-share lot size, a ₹353 crore fresh issue, and a ₹61 crore offer for sale.
- When
- Anchor bidding is scheduled for September 8; public subscription is scheduled for September 9–11; allotment is tentatively set for September 15 and listing for September 17.
- Where
- The shares are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange of India; the company operates facilities and pipeline networks in Gujarat.
- Why
- The company plans to repay debt, expand its Ankleshwar and Panoli facilities, establish a steam-generation unit at Dahej, and fund general corporate purposes.
- Price band
- ₹77–81 per equity share
- Face value
- ₹2 per equity share
- Lot size
- 185 equity shares and multiples thereafter
- Issue structure
- ₹353 crore fresh issue and approximately ₹61 crore offer for sale
- Use of proceeds
- ₹180 crore for debt repayment, ₹75.9 crore for Ankleshwar and Panoli expansion, ₹38.1 crore for the Dahej steam-generation facility, and the remainder for general corporate purposes
- Investor allocation
- Up to 50% for qualified institutional buyers, at least 15% for non-institutional investors, and at least 35% for retail investors
- Key dates
- Anchor bidding: September 8; public issue: September 9–11; expected listing: September 17
