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flag Steamhouse India's IPO seeks ₹425 crore to expand, repay debt, and fund new projects.

flag Steamhouse India has updated its IPO filing with SEBI to raise up to ₹425 crore, including a ₹345 crore fresh issue and ₹80 crore offer for sale by promoter Vishal Budhia. flag The company, which pioneered India’s community boiler system in 2014, operates seven steam boilers in Gujarat, supplies steam and nitrogen to 174 industrial clients, and launched nitrogen pipeline distribution in February 2025. flag Proceeds will fund debt repayment, capacity expansion, a new unit in Dahej SEZ, and general corporate needs. flag Equirus Capital is the sole book-runner. flag The IPO follows SEBI approval after a July confidential filing.

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