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IPO Synopsis

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IPO

Steamhouse India Ltd
  • Registered Office: No.324 2nd Flr Four Point VIP-,Road Vesu, Surat - 395007, Gujarat, India. Phone :    Fax:
  • Email : NA
  • Website :NA
Initial public offering of up to 51,111,111 equity shares of face value of Rs. 2 each ("Equity Shares") of Steamhouse India Limited (the "Company" or the "Company") for cash at a price of Rs. 81 per equity share ("Offer Price") aggregating up to Rs. 414.00 Crores (the "Offer") comprising a fresh issue of up to 43,580,247 equity shares of face value of Rs. 2 each aggregating up to Rs. 353.00 Crores (the "Fresh Issue") and an offer for sale of up to 7,530,864 equity shares of face value of Rs. 2 each aggregating up to Rs. 61 .00 Crores by the promoter selling shareholder (the "Offer For Sale", and such equity shares, the "Offered Shares"). The offer shall constitute [*] % of the post offer paid up equity share capital of the company. The company, in consultation with the brlm, may consider an issue of specified securities, as may be permitted under the applicable law, aggregating up to Rs.15.00 crores, at its discretion, between the date of filing of the ("pre-ipo placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (if undertaken). Price Band: Rs. 77 to Rs. 81 per equity share bearing face value of Rs. 2 each. The floor price is 38.50 times of the face value of the equity shares and the cap price is 40.50 times of the face value of the equity shares. Bids can be made for a minimum of 185 equity shares of face value of Rs. 2 each and in multiples of 185 equity shares of face value of Rs. 2 each thereafter.
Issue
Opens On Closes On
09-Sep-26 11-Sep-26
Money Payable On
Application Allotment
77.00 0.00
Minimum Application for shares in Nos : 185 Further Multiples of : 185
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Equirus Capital Private Limited
Project Financed through Current Offer (.Cr) 414.00  
Post Issue Equity Share Capital (.Cr) 55.28
Issue Price () 77.00
Projects
Repayment or prepayment of all or a portion of certain outstanding borrowings availed by its Company
Funding capital expenditure requirements for augmenting infrastructure development of the Company towards
Funding capital expenditure in relation to the setting up of a manufacturing facility for generation of steam
General corporate purposes
Promoted By
Vishal Sanwarprasad Budhia
Ritu Budhia
VSB Business Trust
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd