Overview

• On July 2, 2025, the Surat-based steam and gas supplier confidentially submitted its draft red herring prospectus to SEBI and the main stock exchanges
• The proposed IPO is aimed at raising between Rs 500 crore and Rs 700 crore to fund expansion of its centralized steam and gas network
• Steamhouse India joins firms such as Shadowfax Technologies and Shiprocket in leveraging SEBI’s confidential pre-filing option for greater listing flexibility
• In FY24, the company recorded revenue of Rs 291.71 crore and a net profit of Rs 25.97 crore
• Built on the Sanjoo Group legacy, it serves over 167 industrial clients and is executing multiple greenfield projects in Gujarat before extending into eight additional states