Steamhouse India
Steamhouse India Limited, originally incorporated as Ankleshwar Eco Energy Limited in Surat, Gujarat, is a public limited company that is offering equity shares of ₹2 face value through a fresh issue and an offer for sale as part of its initial public offering.
“Steamhouse India: momentum beats fundamentals — a trader's IPO, not an investor's.”
- ▸QIB <1x — institutions unimpressed
- ▸16% growth — healthy
- ▸Profit not converting to cash — biggest red flag
- ▸2 forensic red flags in DRHP footnotes
- ▸85.2% fresh capital funds growth
- ⚠ There is no formal market for the equity shares of face value ₹2; the offer price, floor price and price band may not reflect post‑listing market price and there is no assurance of active or sustained trading after listi
- ⚠ Investments in equity and equity‑related securities involve the risk of total loss of investment; the prospectus has not been recommended or approved by SEBI and SEBI does not guarantee the accuracy or adequacy of its co
Educational only. Not investment advice. GMP is unofficial chatter, never a promise.
Demand — who is actually bidding?
Live from NSE's official bid feed. QIB is smart money — if QIB sleeps past Day 2, listing pop usually dies.
Issue structure — where does money go?
- ▸Fresh issue of up to ₹3,450.00 million and offer for sale of up to ₹800.00 million of equity shares of face value ₹2 each.
- Promoter 98.69% → 0% after IPO
Deep financials — does profit become cash?
FIGURES VIA PRESS REPORTS — RESTATED FILING PENDING · ROE/DE LAND WITH THE RHP PARSE
| FY | REVENUE | PAT | MARGIN | ROE | ROCE | D/E | CFO |
|---|---|---|---|---|---|---|---|
| FY24 | ₹291.71 Cr | ₹27.19 Cr | 9.3% | 24.14% | 16.06% | 1.57x | ₹0 Cr |
| FY26 | ₹491.51 Cr | ₹38.64 Cr | 7.9% | — | — | 1.72x | ₹0 Cr |
| FY25 | ₹395.11 Cr | ₹31.16 Cr | 7.9% | — | — | 1.683x | ₹0 Cr |
Valuation vs listed peers
Peer set is being compiled from analyst coverage — typically lands a day after the price band. Check back or tap Re-run AI above.
Risk dossier
- 01There is no formal market for the equity shares of face value ₹2; the offer price, floor price and price band may not reflect post‑listing market price and there is no assurance of active or sustained trading after listi
- 02Investments in equity and equity‑related securities involve the risk of total loss of investment; the prospectus has not been recommended or approved by SEBI and SEBI does not guarantee the accuracy or adequacy of its co
Street tape
Documents & filings
Primary sources — the same PDFs our dossier numbers come from.
Questions investors ask about Steamhouse India
Should I apply for the Steamhouse India IPO for listing gains?
No — demand and sentiment both argue against a listing bet.
Is Steamhouse India good for the long term?
Not yet — wait for cheaper re-entry or cleaner quarters.
What is the Steamhouse India IPO price band and lot size?
₹77–₹81, lot of 185 shares (min ₹14,985). Open 9 Sept 2026 to 11 Sept 2026.
How do I check Steamhouse India IPO allotment status?
On the KFin Technologies Limited portal: select Steamhouse India, enter PAN, application number, or DP/Client ID, solve the captcha. Results go live 6–10 PM on allotment evening (issue closed 11 Sept 2026). BSE's application-status page works as fallback.
When is the Steamhouse India listing date?
Tentatively 16 Sept 2026 (T+3 after close).
Who should apply?
- • Listing trader → no, setup is weak
- • Long-term holder → wait for cheaper re-entry
- • First-time investor → learn by watching, not betting
Listing-day playbook
- • Opens +40%↑ → book half, keep rest at cost stop
- • Opens flat ±5% → hold only if long-term score ≥7
- • Opens discount → never average down Day 1