Steamhouse IPO allotment likely today: GMP signals 30% listing gain; here’s how to check status

Investors in the Steamhouse IPO could receive the much-awaited allotment update today, September 15, after the Rs 414 crore public issue was subscribed nearly 32 times. Investors are now awaiting the basis of allotment and turning their attention to the company’s stock-market debut.

The IPO is expected to finalise its share allotment today, allowing investors to check online whether they have received shares. Steamhouse is scheduled to list on both the BSE and NSE on September 17, 2026.

Adding to investor interest, Steamhouse’s grey market premium (GMP) is currently around 30%, indicating expectations of a potentially strong listing gain. However, GMP is an unofficial indicator and can fluctuate before listing.


The IPO opened for subscription on September 9 and closed on September 11, 2026. The issue was subscribed around 32 times overall. The retail investor portion was subscribed 18 times, while the Non-Institutional Investors (NIIs) category saw 46.60 times subscription. Qualified Institutional Buyers (QIBs) subscribed 46.19 times their allotted portion.

The IPO comprises a fresh issue of Rs 353 crore and an Offer for Sale (OFS) worth Rs 61 crore. The company had fixed the price band at Rs 77–Rs 81 per equity share.

Equirus Capital Ltd. is the book-running lead manager for the issue, while Kfin Technologies Ltd. is acting as the registrar.

Investors can check their allotment status through any of the following platforms:

1. KFin Technologies (Registrar)

• Visit the Steamhouse IPO allotment page (https://ipostatus.kfintech.com/)
  
• Select Steamhouse from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE

• Visit the NSE IPO allotment page. (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
  
• Select Equity.
• Choose Steamhouse from the list.
• Enter your application number and PAN to check the status.

3. BSE

• Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
• Now tick Equity under issue type.
• Choose Steamhouse from the dropdown menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

Steamhouse IPO GMP today

The Steamhouse IPO Grey Market Premium (GMP) currently stands at Rs 23, indicating a 28% premium over the IPO’s upper price band of Rs 81.

At the current GMP, the estimated listing price works out to around Rs 104 per share, pointing to a potential 28% listing gain for investors if the grey market trend translates into the actual market debut.

IPO objects of the issue

The company plans to use the IPO proceeds primarily to repay or prepay Rs 180 crore of its outstanding borrowings, helping reduce its debt burden. A portion of the funds will also be directed towards capacity expansion at its Ankleshwar and Panoli facilities, with Rs 37.98 crore earmarked for each project.

Another Rs 38.17 crore will be used to set up a manufacturing facility for steam generation at Dahej SEZ. The remaining proceeds will be utilised for general corporate purposes, taking the total estimated utilisation of the net proceeds to Rs 294.13 crore.

Financial performance

Steamhouse India Ltd. reported a 24% year-on-year increase in total income, rising from Rs 398.53 crore in FY25 to Rs 494.97 crore in FY26. The growth was driven by higher revenue during the latest financial year.

Profitability also improved, with profit after tax (PAT) climbing 24% from Rs 31.16 crore in FY25 to Rs 38.64 crore in FY26. The rise in both income and profit reflects an improvement in the company’s financial performance in FY26.

About Steamhouse India Ltd.

Incorporated in June 2015, SteamHouse India Ltd. is an industrial gas company engaged in the generation and centralised distribution of steam and nitrogen through its pipeline network. Its systems offer industrial customers an alternative to setting up and maintaining their own infrastructure.

The company operates a pipeline network spanning more than 45 km across key industrial hubs such as Sachin, Vapi, Ankleshwar, Sarigam, Panoli and Nadesari.

Its business includes steam generation and distribution, steam procurement and distribution, nitrogen separation, compression and supply, as well as coal trading. SteamHouse serves clients including Aether Industries, Anupam Rasayan India, Globe Enviro Care, Gujarat Polysol Chemicals and other industrial customers.

As of July 31, 2026, the company had 229 employees and 276 contract workers.

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