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  5. Steamhouse IPO subscribed 8.08 times so far on Day 3: Check allotment date and steps

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Steamhouse IPO subscribed 8.08 times so far on Day 3: Check allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on September 11, 2026, 13:56 IST

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SUMMARY

Steamhouse IPO is seeking to raise ₹414 crore through a fresh issue of shares aggregating up to ₹353 crore and an offer-for-sale (OFS) portion totalling ₹61 crore by promoter Vishal Sanwarraprasad Budhia.

Steamhouse India Limited supplies industrial steam to customers through a centralised utility model using dedicated pipeline infrastructure. | Image: steamhouse.in

Steamhouse India Limited supplies industrial steam to customers through a centralised utility model using dedicated pipeline infrastructure. | Image: steamhouse.in

Steamhouse India's ₹414-crore initial public offering has been subscribed 8.08 times so far on the final day of bidding on Friday, September 11.

It mobilised bids for 30,39,51,485 shares against 3,76,36,363 shares on offer, according to the NSE data until 12:50 pm.

CategoryNo of Times
Qualified Institutional Buyers2.30 times
Non-Institutional Investors14.59 times
Retail Investors8.59 times
Total8.08 times
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The initial share sale is seeking to raise ₹414 crore through a fresh issue of shares aggregating up to ₹353 crore and an offer-for-sale (OFS) portion totalling ₹61 crore by promoter Vishal Sanwarraprasad Budhia.

The net proceeds from the fresh issue will be used for the following objectives:

  • Repayment of certain outstanding borrowings availed by the company
  • Funding capital expenditure needs for augmenting infrastructure development towards (i) capacity expansion of the Ankleshwar plant (Phase 3) and (ii) capacity expansion of the Panoli Facility (Phase 2)
  • Funding capital expenditure in relation to establishing a new manufacturing unit for generation of steam in Dahej GIDC (Phase 2)
  • General corporate purposes
Prasol Chemicals IPO allotment: How to check status online on KFin Technologies, NSE, BSE; listing date, time here

Established in 2014, Steamhouse India Ltd supplies industrial steam to its clients through a centralised utility model using a dedicated pipeline network. The firm serves industrial customers across sectors including textiles, pharmaceuticals, chemicals, food processing, paper and manufacturing.

Steamhouse IPO: Allotment and listing date

Steamhouse IPO allotment is expected to be finalised on Tuesday, September 15. Shares of the company will debut on the stock exchanges on September 17.

How to check Steamhouse IPO allotment status on NSE

Steps to check Steamhouse IPO allotment status online on KFin Technologies

  • Head to the registrar's allotment portal: https://ipostatus.kfintech.com/
  • In the ‘Select IPO’ dropdown, choose 'Steamhouse Ltd'
  • Add IPO application number, PAN or Demat account number
  • Hit the 'Submit' button
Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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