Steamhouse India raises ₹124.20 crore from marquee anchor investors, including Madhusudhan Kela and Sunil Singhania at the upper end of the price band at ₹81 per equity share

Steamhouse India raises ₹124.20 crore from marquee anchor investors, including Madhusudhan Kela and Sunil Singhania at the upper end of the price band at ₹81 per equity share

• Bid / Offer Opening – Closing Date: Wednesday, September 09, 2026 – Friday, September 11, 2026
• Price Band: ₹77 per equity share to ₹81 per equity share of face value ₹2 each (“Equity Shares”) of Steamhouse India Limited
• Minimum Bid Lot: 185 Equity Shares and in multiples of 185 Equity Shares thereafter
• Anchor Link: https://www.bseindia.com/downloads/UploadDocs/Notices/Attach/Anchor_Allocation$76b7f09c-3bf2-4d21-a736-50d71cb31477.pdf

Mumbai, 8th september 2026 (GNI): Steamhouse India Limited, an Indian company specialising in the generation and centralised distribution of industrial gases, including steam and nitrogen, through its pipeline network, and pioneers of the community boiler system in India has allotted 1,53,33,332 equity shares to anchor investors and raised ₹124.20 crore ahead of the Company’s proposed Initial Public Offering, at the upper end of the price band at ₹81 per equity share, with a face value of ₹2 per equity share.

The anchor book witnessed strong participation from leading domestic institutional investors, such as Singularity Large Value Fund III (Madhusudhan Kela backed), Chartered Finance & Leasing Limited, Abakkus Emerging Opportunities Fund-I (Sunil Singhania backed), Niveshaay Sambhav Fund, Emerge Capital Opportunities Scheme, and 31 Degrees North Fund-I.

The initial public offering of the Company comprises 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.

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.

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