Steamhouse India IPO
MainboardSteamhouse India provides centralized steam and energy generation and distribution services through pipeline infrastructure to industrial clusters.
Verdict: Apply for listing gains
Est. GMP
+₹18 (+22%)
Price range
₹81
Lot size
—
Issue size
—
Allotment
14 Sept
Listing
16 Sept
Review
1. Grey market premium
★★★★★GMP indicates a moderate premium of around 22%, reflecting decent initial market interest.
2. Company financials
★★★★★The company has demonstrated consistent top-line growth and stable operating margins driven by expansion in industrial zones.
3. Subscription status
★★★★★Issue opened today; overall demand trends across institutional and retail categories are developing.
4. Anchor investors
★★★★★Anchor allocation details remain modest in line with the issue structure.
Company financials
Amount ₹ in Crores
| Period ended | Revenue | Expense | EBITDA | PAT | Assets |
|---|---|---|---|---|---|
| FY22 | ₹139.12 | ₹133.40 | ₹16.85 | ₹4.21 | ₹154.20 |
| FY23 | ₹263.45 | ₹247.10 | ₹32.14 | ₹11.82 | ₹278.50 |
| FY24 | ₹336.80 | ₹311.25 | ₹48.90 | ₹18.46 | ₹382.10 |
Subscription
Anchor investors
Anchor book details pending.
Anchor placement details are unavailable or not publicly allocated.
Risks
- ConcentrationHigh geographic concentration with majority of revenue derived from industrial belts in Gujarat.
- CyclicalSusceptible to raw material and fuel cost volatility such as coal and agro-waste biomass.
- RegulatoryStringent pollution control and environmental regulations governing boiler operations and pipeline installations.