Steamhouse India Files ₹425 Crore IPO Draft with SEBI

Published By DPRJ Universal | Published on Tuesday, 9 December 2025

Community boiler pioneer Steamhouse India Ltd. has submitted its Updated Draft Red Herring Prospectus (UDRHP) to SEBI for an Initial Public Offering (IPO) valued at ₹425 crore. The proposed IPO comprises a fresh issue of shares worth ₹345 crore and an Offer For Sale (OFS) of ₹80 crore by promoter Vishal Sanwarprasad Budhia. This move signifies a major step for the company in raising capital through public markets to support its growth initiatives.

Steamhouse India Ltd., a notable pioneer in the community boiler industry, has formally initiated the process for its Initial Public Offering (IPO) by filing its Updated Draft Red Herring Prospectus I (UDRHP I) with the Securities and Exchange Board of India (SEBI). This strategic move aims to raise a substantial total of ₹425 crore from the public markets. The IPO's financial structure is divided into two key segments: a fresh issue of shares amounting to ₹345 crore, which will inject new capital directly into the company, and an Offer For Sale (OFS) worth ₹80 crore, through which promoter Vishal Sanwarprasad Budhia will sell a portion of his existing equity. The submission of the UDRHP I is a crucial regulatory milestone, enabling SEBI to conduct a thorough review of Steamhouse India's financials, business model, risk factors, and growth prospects. Successful clearance from SEBI will pave the way for the company to proceed with its IPO, allowing it to access significant capital that can be utilized for expansion, debt reduction, or other corporate objectives, ultimately enhancing its competitive position within its sector.