Steamhouse India Gears Up For ₹414-Crore IPO, Sets Price Band At ₹77-81 Per Share
New Delhi: Industrial gas producer Steamhouse India Ltd has fixed a price band of Rs 77-81 per share for its Rs 414-crore initial public offering (IPO), which will open for subscription on September 9. The Steamhouse India IPO will close on September 11, while bidding for anchor investors will take place on September 8. Fresh Issue Worth Rs 353 Crore The IPO comprises a fresh issue of shares…
Industrial gas producer Steamhouse India Ltd is preparing for its ₹414-crore initial public offering (IPO) with a price band of Rs 77-81 per share. The IPO will be open for subscription from September 9 to September 11, while anchor investor bidding will occur on September 8. Fresh issue proceeds of up to Rs 353 crore will be utilized for debt repayment, capacity expansion at Ankleshwar and Panoli facilities, and establishment of a new steam-generation unit in the Dahej Special Economic Zone.
The company, which has been supplying industrial steam since 2014, serves over 167 clients across various industries. Up to 50% of the IPO is reserved for qualified institutional buyers, with at least 15% available for non-institutional investors and 35% for retail investors. Following the public issue, Steamhouse India shares will be listed on both the BSE and NSE.
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