Steamhouse India IPO Listing: Stock Jumps 19% After Strong IPO Debut

Steamhouse India shares made a strong debut on September 17, listing at Rs 94.50 on the NSE, a 16.67% premium over the IPO price of Rs 81. On the BSE, the stock opened at Rs 93, up 14.81% from the issue price.

The Rs 414 crore Steamhouse India IPO received strong demand during the subscription period. The issue was subscribed 30.49 times, according to NSE data cited by Moneycontrol.

Steamhouse India share price today

Steamhouse India shares touched an intraday high of Rs 99.95 and a low of Rs 91.60 on the NSE. The stock was trading at around Rs 96.64 at 10:44 am, up 19.31% from the IPO price. The company's market capitalisation was around Rs 2,570 crore at the time.

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Stock metric	Value
IPO price	Rs 81
NSE listing price	Rs 94.50
BSE listing price	Rs 93
Day high	Rs 99.95
Day low	Rs 91.60
Price at 10:44 am	Rs 96.64
NSE volume	3.65 crore shares

Steamhouse India IPO details

The Steamhouse India IPO was priced between Rs 77 and Rs 81 per share. The issue included a fresh issue of Rs 353 crore and an offer for sale of Rs 61 crore. The lot size was 185 shares, requiring Rs 14,985 at the upper price band.

The company had raised Rs 124.2 crore from six anchor investors before the IPO opened. The fresh issue proceeds are intended partly for debt repayment and capacity expansion.

Steamhouse India valuation and analyst view

Anand Rathi's Narendra Solanki said the company benefits from its pipeline network and customer stickiness. However, he described the IPO valuation as aggressive, citing a FY26 P/E of 57.9 times and FY26 EV to EBITDA of 30 times at the upper price band.

Solanki also noted that the planned Rs 180 crore debt repayment could materially reduce the company's debt to equity ratio. He said investors who received allotment could consider booking partial profits and holding the remaining shares for the long term. This is an attributed analyst view, not a recommendation from WeloMoney.

About Steamhouse India

Steamhouse India supplies industrial steam and nitrogen through centralised facilities and pipeline networks. Its network covers industrial clusters including Sachin, Vapi, Ankleshwar, Sarigam, Panoli and Nadesari, with customers mainly from the chemical and pharmaceutical sectors.

What is the Steamhouse India share price

Steamhouse India shares opened at Rs 94.50 on the NSE against an IPO price of Rs 81.

At what price did Steamhouse India shares list

Steamhouse India shares listed at Rs 94.50 on the NSE and Rs 93 on the BSE.

What is the Steamhouse India IPO listing gain

The shares listed at a 16.67% premium to the Rs 81 IPO price on the NSE.

What was the Steamhouse India IPO price

The Steamhouse India IPO price band was Rs 77 to Rs 81 per share.

When did Steamhouse India shares list

Steamhouse India shares were listed on the NSE and BSE on September 17, 2026.

What is the Steamhouse India IPO GMP

The grey market premium before listing indicated an estimated listing price of around Rs 95. GMP is unofficial and does not guarantee the actual listing price.

How much was the Steamhouse India IPO subscribed

The Steamhouse India IPO was subscribed 30.49 times overall.

What was the Steamhouse India IPO size

The Steamhouse India IPO was worth Rs 414 crore, including a fresh issue of Rs 353 crore and an offer for sale of Rs 61 crore.

What was the Steamhouse India IPO lot size

The lot size was 185 shares. At the upper price of Rs 81, one retail lot required Rs 14,985.

What is the Steamhouse India market capitalisation

Steamhouse India's market capitalisation was around Rs 2,570.58 crore after its NSE listing.

Why did Steamhouse India shares list at a premium

Strong IPO subscription and positive grey market indications supported expectations of a premium listing.

Did Steamhouse India give listing gains

Yes. The stock listed 16.67% above its IPO price on the NSE.

What is the Steamhouse India NSE share price

Steamhouse India opened at Rs 94.50 on the NSE on its listing day.

What does Steamhouse India do

Steamhouse India generates and distributes industrial steam and nitrogen through centralised facilities and pipeline networks.

Who are the customers of Steamhouse India

The company primarily serves customers in industrial clusters, particularly businesses operating in the chemical and pharmaceutical sectors.

What is the Steamhouse India IPO valuation

At the upper IPO price, the company was valued at around 57.9 times FY26 P/E and 30 times FY26 EV/EBITDA, according to the analyst cited in the source article.

What did analysts say about Steamhouse India shares

Analyst Narendra Solanki of Anand Rathi highlighted the company's pipeline network and customer base while also pointing to its relatively high valuation.

Can Steamhouse India shares rise after listing

Future share price performance will depend on factors including earnings, valuation, business growth, debt levels and overall market conditions.

How much debt does Steamhouse India plan to repay

The company proposed using around Rs 180 crore to repay debt, which could reduce its debt to equity ratio.

Is Steamhouse India IPO worth buying after listing

Investors should assess the company's valuation, financial performance, growth prospects and risk factors before making an investment decision.