
Oil, Gas & Consumable Fuels · NSE / BSE
Steamhouse India, incorporated in June 2015 and headquartered in Surat, is an industrial steam and gas supplier serving customers across major industrial clusters in Gujarat. The Company operates a dedicated pipeline network connecting its facilities directly with customers and, as of November 15, 2025, maintained 56,236 metres of pipeline with a combined steam capacity of 345 tonnes per hour, equivalent to approximately 2.19 million tonnes per annum. It has a presence in key industrial hubs including Sachin, Vapi, Ankleshwar, Sarigam, Panoli and Nandesari, where it sets up steam-generation facilities close to industrial customers and supplies steam through dedicated pipelines, offering an energy-efficient alternative to individual steam-generation systems. The Company also entered the industrial nitrogen market in February 2025, starting with its first project at Ankleshwar. Its customer base includes companies such as Aether Industries, Anupam Rasayan India, Globe Enviro Care, Gujarat Polysol Chemicals, Devanshi Dyestuff and other industrial customers. As of September 30, 2025, Steamhouse India had 213 employees and 292 contract labourers across its operating locations.
Price Band
₹77 – ₹81
Issue Size
₹5111.11 L Cr
Lot Size
185 shares
GMP
+16.7%
Est. Listing
₹94.5
at current GMP
Subscribed
32.07x
overall
Open
9 Sep 2026
Close
11 Sep 2026
Allotment
15 Sep 2026
Refund
16 Sep 2026
Demat Credit
17 Sep 2026
Listing
17 Sep 2026
Overall Subscription
32.07x
Total Demand
QIB Multiplier
46.19x
Institutions & Funds
NII / HNI
46.60x
High Net-Worth
Retail (RII)
17.78x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 10,222,223 | 472,123,700 | 46.19x |
| NIB | 7,666,667 | 357,255,165 | 46.60x |
| HNIs(10L +) | 5,111,111 | 231,193,760 | 45.23x |
| HNIs (2-10L) | 2,555,556 | 126,061,405 | 49.33x |
| RETAIL | 17,888,889 | 318,105,465 | 17.78x |
| Total | 43,444,446 | 1,504,739,495 | 32.07x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 96,697 | 1,584,690 | 16.39x |
| HNIs(10L +) | 1,973 | 17,427 | 8.83x |
| HNIs (2-10L) | 987 | 47,619 | 48.25x |
| Total Applications | 99,657 | 1,649,736 | 16.55x |
Steamhouse India Limited is bringing an initial public offering (IPO) in the Oil, Gas & Consumable Fuels sector with an aggregate issue size of ₹5,11,11,110 Crores. The shares are offered at a price band of ₹77 to ₹81 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 185 shares (approx. ₹14,985 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-09-17, while un-allotted funds or UPI block mandates will be released on 2026-09-16.
The Steamhouse India Limited IPO aggregate issue size is ₹5,11,11,110 Crores with an equity price band set at ₹77 to ₹81 per equity share. The retail lot size is 185 shares requiring a minimum capital outlay of approx. ₹14,985.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-09-15.