MUMBAI: 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.
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.
As told to our Newsman Sachin Murdeshwar
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.