Steamhouse India Limited’s IPO to open on Sept 9

Ahmedabad: Steamhouse India Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of ₹2 each on Wednesday, September 09, 2026. The Anchor Investor Bidding Date shall be Tuesday, September 08, 2026, being one Working Day prior to the Bid/Offer Opening Date. The Bid/Offer Closing Date shall be Friday, September 11, 2026, a press release said today.

As per the company, the Price Band of the Offer has been fixed from ₹77 to ₹81 per Equity Share. Bids can be made for a minimum of 185 Equity Shares and in multiples of 185 Equity Shares thereafter. The offer comprises a fresh issue of equity shares aggregating up to ₹353 crore (the “Fresh Issue”) and an Offer for Sale of Equity Shares aggregating up to ₹61 crore by the selling shareholder (the “Offer for Sale”, and together with the Fresh Issue, the “Offer”). The total Offer size amounts to ₹414 crore and the Company proposes to utilise the net proceeds towards (a) repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company; (b) funding capital expenditure requirements for augmenting infrastructure development, including capacity expansion of the Ankleshwar Facility (Phase 3) and the Panoli Facility (Phase 2); (c) funding capital expenditure towards setting up a new manufacturing facility for generation of steam at Dahej GIDC (Phase 2); and (d) general corporate purposes.

The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE together, the “Stock Exchanges”).

Equirus Capital Limited (formerly known as Equirus Capital Private Limited) is the sole Book Running Lead Manager (“BRLM”) to the Offer.