Steamhouse India IPO Listing: Shares List At A Premium Of 17% On The NSE
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Steamhouse India’s shares made a solid debut on the stock exchanges on 17 September 2026, listing at a premium of nearly 17% to the IPO issue price on the NSE. The stock opened at ₹93 and ₹94.50 on the BSE and the NSE, respectively.
Steamhouse India made its debut on stock exchanges today, i.e., 17 September 2026. The initial public offering (IPO) of Steamhouse India was a mainboard issue, and its shares were listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The shares were listed at a premium of nearly 17% on the NSE compared with the IPO issue price of ₹81 per share in the upper price band. On the NSE, the shares opened at ₹94.50 apiece. On the BSE, the stock was listed at ₹93.
Steamhouse India IPO And Subscription Details
The Steamhouse India IPO carried a price band of ₹77–81 per share. It was open for subscription from 9 September to 11 September. The IPO’s size was pegged at ₹414 crore and had a lot size of 185 shares.
The issue comprised a fresh issue of ₹353 crore and an offer for sale (OFS) of ₹61 crore. The company plans to utilise the proceeds for debt repayment and capital expenditure for its new steam generation facility.
The Steamhouse India IPO received an overall subscription of 30.49 times, according to the NSE data. The qualified institutional buyer (QIB) portion was subscribed ~43.91 times, while the non-institutional investor (NII) category was booked ~44.30 times. The retail portion was subscribed 16.90 times.
Equirus Capital was the book-running manager of the IPO, while KFin Technologies Ltd was the issue registrar.
About Steamhouse India
Steamhouse India is into the production and centralised supply of industrial gases, including steam and nitrogen. The company delivers these gases to industrial users through pipeline-based infrastructure, reducing the need for customers to maintain individual on-site generation or storage systems.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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