Steamhouse India IPO

Industrial Steam Generation & Distribution - Listed on 17 September 2026

+16.7% listing gain
Issue Price (Upper)
Rs 81
Listing Price
Rs 94.5
Closing Price (NSE)
Rs 102.55
Total Subscription
32.07x

Steamhouse India IPO listing summary

Steamhouse India (Industrial Steam Generation & Distribution) closed its IPO window in 2026 and listed on NSE and BSE on 17 September 2026 at an upper band issue price of Rs 81, opening at Rs 94.5 for a listing gain of +16.7% and closing day one at Rs 102.55 (+26.6% on closing basis). The IPO was subscribed 32.07x overall - QIB 46.19x, HNI/NII 46.60x, Retail 17.78x. The total issue size was Rs 414 Cr (Fresh Issue Rs 353 Cr, OFS Rs 61 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

About Steamhouse India

Industrial Steam Generation & Distribution

Steamhouse India generates and distributes steam to industrial customers through a network of community boilers and dedicated pipelines, saving individual factories from maintaining their own boiler infrastructure. It also trades coal and has begun supplying nitrogen through its pipeline network. That places Steamhouse India in a segment where demand can be affected by customer spending, competition and the pace of capacity expansion. A high repeat-customer base and a growing industrial gas portfolio are notable features, though margins and growth remain tied to plant utilisation and expansion execution. Its day-to-day performance is likely to be read through operating volumes, margins, working capital and the quality of its disclosed customer or project pipeline. This description is intended to explain the company's business in plain language; the statutory filings remain the source for detailed risks and financial claims.

About Steamhouse India IPO

Issue structure, listing outcome and context

The ₹414 crore IPO combined a ₹353 crore fresh issue with an offer for sale of ₹61 crore, priced at ₹81 a share at the upper end. The stock opened at ₹94.50 on NSE, a gain of 16.67% over the issue price, and extended those gains further by the close. It combined a fresh issue of ₹353 crore with an offer for sale of ₹61 crore. The stock listed at ₹94.50, a reported opening gain of 16.67%. The issue proceeds should be read against the stated objects in the offer documents, rather than treated as a guarantee of future growth. For a complete view of the offer, readers should check the final prospectus, the exchange listing notice and the company's subsequent disclosures.

Listing day performance

Listing Gain (Open)
+16.67%
Listing Gain (Close)
+26.60%
Day Change After Listing
+8.52%
Retail Quota
35.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB46.19x
HNI / NII46.60x
Retail17.78x
Overall32.07x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 10.44x
Day 22.32x
Day 3 (Final)32.07x

Steamhouse India IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 18+22.20%
Day 2Rs 22+27.20%
Day 3Rs 23+28.40%
Day 4Rs 21+25.90%
Day 5Rs 21+25.90%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
22.2%-28.4%
IPOGyani AI Prediction
20.8%
Actual Listing Gain
+16.7%

Prediction Accuracy: 4.1 pp (Reasonably accurate)

Issue & financials

Issue SizeRs 414 Cr
Fresh IssueRs 353 Cr
OFSRs 61 Cr
IPO PE57.86
Peer / Sector PE70.96
PE vs Sector Ratio0.82
Latest EBITDA (Cr)16.99
Debt / Equity1.57

Market context at listing

How the broader market moved around the Steamhouse India IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-1.11%
Nifty 1W Return-0.91%
Nifty 1M Return-4.41%
Nifty during IPO window-0.14%

Steamhouse India IPO - FAQs

What was the listing gain of Steamhouse India IPO?

Steamhouse India IPO listed at +16.7% versus the upper issue price of Rs 81 on 17 September 2026.

How many times was Steamhouse India IPO subscribed?

Steamhouse India IPO was subscribed 32.07x overall. QIB portion was subscribed 46.19x, HNI / NII 46.60x and Retail 17.78x.

What was the IPO GMP for Steamhouse India?

IPO GMP started at Rs 18 on Day 1 and moved to Rs 21 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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