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yesterday

Steamhouse India Files Confidential IPO Draft, Seeks Rs 500–700 Crore

SEBI’s pre-filing route extends the IPO window to 18 months, allowing issue size adjustments up to 50 percent

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Steamhouse India files confidential IPO papers with Sebi; aims to raise up to Rs 700 crore
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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