Steamhouse India Share Price: Stock Lists at ₹94.50 With a 16.67% Premium on NSE

On September 17, 2026, Steamhouse India Ltd. shares made their market debut on the stock exchanges. The stock listed at ₹94.50 on the National Stock Exchange (NSE), reflecting a 16.67% gain over its IPO issue price of ₹81.00 per share.  

On BSE, it listed at ₹93.00, marking a 14.81% premium over the IPO issue price. 

Steamhouse India IPO Overview 

Steamhouse India Limited launched a book built issue of ₹414.00 crore, consisting of a fresh issue of 4.36 crore shares valued at ₹353.00 crore and an offer for sale of 75.31 lakh shares valued at ₹61.00 crore. The subscription opened on September 9, 2026, and closed on September 11, 2026.  

The allotment was finalized on September 15, 2026, with a tentative listing scheduled for September 17, 2026, on the BSE and NSE. The final issue price is fixed at ₹81 per share with a lot size of 185 shares, requiring a minimum retail investment of ₹14,985.  

Equirus Capital Ltd. serves as the book running lead manager, and KFin Technologies Ltd. operates as the registrar. 

Steamhouse India IPO subscribed 32.07 times. 

Business Overview of Steamhouse India 

Incorporated in June 2015, Steamhouse India Limited is an industrial gas company specializing in the generation and centralized distribution of steam and nitrogen through its pipeline network.  

The company offers community based systems as an alternative to individual infrastructure for industrial clients. Its pipeline network spans over 45 kilometers across key industrial hubs including Sachin, Vapi, Ankleshwar, Sarigram, Panoli, and Nadesari. It also purchases steam for distribution, compresses nitrogen, and engages in coal trading. Key clients include Aether Industries and Anupam Rasayan.  

As of July 31, 2026, it employed 229 permanent workers and utilised 276 contract laborers. 

Financial Overview of Steamhouse India 

The financial trajectory shows consistent growth from fiscal year 2024 through fiscal year 2026. Total income surged from ₹293.16 crore in fiscal 2024 to ₹398.53 crore in fiscal 2025, reaching ₹494.97 crore by March 31, 2026.  

Profit after tax mirrored this upward trend, rising from ₹27.19 crore in fiscal 2024 to ₹31.16 crore in fiscal 2025, and climbing to ₹38.64 crore in fiscal 2026. EBITDA grew steadily to ₹83.49 crore by the end of fiscal 2026.  

Total assets reached ₹679.45 crore while net worth hit ₹163.76 crore. However, total borrowings increased substantially to ₹281.62 crore in fiscal 2026. 

Objective of Steamhouse India IPO 

The company proposes to utilize the net proceeds from the fresh issue toward key operational and financial requirements, totaling an estimated ₹353.00 crore. The primary allocation involves funding the repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company, amounting to ₹180.00 crore.  

Additionally, the company will allocate ₹75.95 crore for capacity expansion of the Ankleshwar Facility and ₹38.17 crore for setting up a steam generation facility at Dahej SEZ. The remaining proceeds will be deployed toward general corporate purposes at ₹23.13 crore and covering estimated issue expenses of ₹35.75 crore. 

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Steamhouse India Share Price Performance 

As of September 17, 2026, at 10:07 AM, Steamhouse India share price on the NSE was trading at ₹94.97, up by 17.25% gain over its IPO issue price of ₹81.00 

Conclusion 

Steamhouse India equity shares opened with steady gains on both exchanges, listing at ₹94.50 on the NSE and ₹93.00 on the BSE, rewarding investors with a notable premium over the company's IPO issue price of ₹81.00 per share. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Readers should conduct their own research and form an independent opinion before making any financial decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.