Archive · 8 Sep 2026
Steamhouse India Sets Rs 414-Crore IPO for September
Steamhouse India supplies steam through pipes to factories that need it for manufacturing.
It is planning to sell shares to the public through an IPO.
The IPO will be open from Sept.
9 to Sept.
11, 2026.
Each share will cost between Rs 77 and Rs 81.
The total IPO is worth Rs 414 crore.
Part of the money will be used to repay the company’s debt.
The rest will help build and expand steam facilities.
Steamhouse also plans new facilities in Maharashtra and West Bengal.
Steamhouse India will open its Rs 414-crore IPO on Sept. 9, 2026, and close it on Sept. 11.
The IPO price band is Rs 77 to Rs 81 per equity share, with a face value of Rs 2.
The issue includes a Rs 353-crore fresh share issue and a Rs 61-crore offer for sale by promoter Vishal Budhia.
The company plans to use Rs 180 crore of fresh-issue proceeds to repay debt.
Remaining funds will support infrastructure, capacity expansion, a Dahej steam facility, and general corporate purposes.
- Who
- Steamhouse India, a piped-steam supplier, and promoter Vishal Budhia.
- What
- Steamhouse India is launching a Rs 414-crore initial public offering.
- When
- The IPO will open on Sept. 9 and close on Sept. 11, 2026.
- Where
- The company supplies steam to industrial clusters in Gujarat and plans facilities in Tarapur, Maharashtra, and Haldia, West Bengal.
- Why
- To repay debt, expand infrastructure and capacity, build a new steam-generation facility, and fund general corporate purposes.
- IPO size
- Rs 414 crore
- IPO dates
- Sept. 9-11, 2026
- Price band
- Rs 77-Rs 81 per equity share
- Fresh issue
- Rs 353 crore
- Offer for sale
- Rs 61 crore by promoter Vishal Budhia
- Debt repayment
- Rs 180 crore
- Planned expansion
- Capacity expansion at Ankleshwar and Panoli, plus a new facility at Dahej GIDC