Archive · 2 Jul 2025
Steamhouse India Files for IPO, Aims to Raise up to ₹700 Crore
Steamhouse India, a company that provides steam and gas to factories, is planning to sell shares to the public for the first time, known as an IPO.
They hope to raise between ₹500-700 crore.
The company is based in Surat and has been operating since 2014.
Steamhouse's system is tech-driven using IoT and AI for real-time monitoring.
The company made over ₹291.71 crore in revenue and ₹25.97 crore in profit last year.
The money raised will help them grow, including expanding into new areas.
Steamhouse India filed confidential IPO papers to raise up to ₹700 crore.
The Surat-based company provides industrial steam and gas.
The company reported ₹291.71 crore in revenue and ₹25.97 crore in profit in FY24.
Steamhouse serves over 167 clients with a proprietary community boiler model.
The company plans expansions across several Indian states and sectors.
- Who
- Steamhouse India, an industrial steam and gas supplier.
- What
- Steamhouse India filed for an IPO.
- When
- Recently, with filing occurring in the past few weeks.
- Where
- India, based in Surat.
- Why
- To raise funds for expansion and investments.
- Company
- Steamhouse India
- IPO Amount (Target)
- ₹500-700 crore
- Business Focus
- Industrial Steam and Gas Supply
- Founded
- 2014
- FY24 Revenue
- ₹291.71 crore
- FY24 Profit
- ₹25.97 crore
- Clients Served
- 167+
