Steamhouse IPO Sets Price Band at Rs 77-81, Opening September 9 with Rs 414 Crore Issue

The Steamhouse India Ltd. IPO is scheduled to open on September 9, 2026, with a price band set between Rs 77 and Rs 81 per equity share. The total public issue will amount to Rs 414 crore, consisting of a fresh issue of Rs 353 crore and an offer for sale (OFS) of Rs 61 crore. Promoter Vishal Sanwarprasad Budhia will be disposing of the entire OFS portion, which is estimated at approximately Rs 61 crore. The proposed listing on both the NSE and BSE is expected to occur on September 17, 2026, following a subscription period from September 9 to September 11, 2026, and the basis of allotment to be finalized by September 15.

Market sentiment in the grey market regarding Steamhouse’s IPO appears cautiously optimistic. The company’s P/E multiple at the lower end of the price band is 35.03 times, which is notably below the industry’s average of 70.96 times, indicating that the IPO might attract value-seeking investors. Additionally, the recent financial performance shows a 24% growth in both income and profit after tax, suggesting a strong operational foundation that could further instill confidence among prospective investors.

For Indian investors, the Steamhouse IPO presents a promising opportunity, particularly at an attractive valuation compared to industry peers. With an emphasis on reducing debt and expanding capacity, the use of IPO proceeds seems strategically planned to foster growth. Investors should closely monitor subscription trends and the company’s overall financial health as these factors will play a crucial role in determining the stock’s performance post-listing.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)