#SteamhouseIndia #IPOAlert #SEBIFiling #GreenIndustry #IndustrialInnovation #MakeInIndia #WasteToSteam #IndustrialUtilities #SuratStartups
Chandigarh: Steamhouse India, the Surat-based pioneer in centralized steam supply for industries, has filed a Confidential Draft Red Herring Prospectus (CDRHP) with the Securities and Exchange Board of India (SEBI) as it prepares for its much-anticipated Initial Public Offering (IPO).
While the official IPO issue size hasn’t been disclosed in the public filing dated July 1, 2025, market insiders peg the expected raise between ₹500–700 crore.
🔧 India’s First Centralized Steam Supplier
Founded in 2014 under the industrial legacy of the Sanjoo Group, Steamhouse India has emerged as a category creator in centralized steam infrastructure, offering industrial-grade steam-as-a-service through an innovative, pipeline-based model. Led by Chairman and MD Vishal S. Budhia, the company currently serves over 167 clients across major industrial zones in India.
🌐 Nationwide Expansion Underway
Steamhouse is actively expanding its presence in key industrial clusters, with upcoming projects in:
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Pirana, Ahmedabad
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Dahej SEZ
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Vapi Phase 3
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Ankleshwar Phase 3
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Panoli Phase 2
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Jhagadia
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Nandesari Phase 2
In addition, the company plans to scale into Andhra Pradesh, Telangana, Maharashtra, Himachal Pradesh, Madhya Pradesh, Rajasthan, Uttar Pradesh, and Haryana, signaling its pan-India growth vision.
♻️ Waste to Steam (W2S) Innovation
Steamhouse is also making strides in green industrial transformation. Its first Waste to Steam (W2S) project in Vapi is already operational, using non-recyclable plastic waste from paper mills to generate clean steam.
In March 2024, it secured a major 5MW W2S contract from the Ahmedabad Municipal Corporation, tasked with building and maintaining a 300 TPD steam plant under the PPP model — a significant validation of its technology and execution capability.
💡 Powered by IoT, AI, and Innovation
The firm’s steam infrastructure is not only physical but also digital. It integrates IoT and AI-based systems for everything from procurement to distribution, allowing clients to enjoy 190°C steam delivered with precision, efficiency, and reduced emissions.
Their unique community boiler model, first conceptualized by a Sanjoo Group entity, allows manufacturing clusters to replace captive boilers with a shared system—leading to:
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25–30% lower production costs
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65–70% reduction in emissions through optimized fuel usage
🚀 Beyond Steam: New Business Verticals
Steamhouse is now moving into adjacent industries, including:
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Nitrogen compression and distribution
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Waste-to-energy solutions
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Aviation logistics, with a recent application for a Non-Scheduled Operator Permit (NSOP) to enter the cargo and passenger aviation segment — showcasing its multi-pronged diversification strategy.
📊 Strong Financial Performance
According to its FY23–24 Annual Report:
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Revenue stood at ₹291.71 crore
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EBITDA rose to ₹70.14 crore (from ₹58.79 crore YoY)
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Profit after tax reached ₹25.97 crore
Steamhouse also boasts a robust infrastructure of over 45 km of steam pipelines, servicing critical hubs like Sachin, Vapi, Ankleshwar, Sarigram, Panoli, and Nadesari — effectively holding a regional monopoly in those zones.
🧩 A New Industrial Utility Model
Steamhouse India is not just a supplier — it’s redefining how energy is delivered to industries. With a subscription-style utility model, clients gain access to reliable, high-efficiency steam without the capex or environmental liabilities of running their own boilers.
This IPO, once launched, could make Steamhouse India the first-of-its-kind listed steam utility in India, pioneering a new asset-light, sustainability-first category in industrial infrastructure.
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#SteamhouseIndia #IPOAlert #SEBIFiling #GreenIndustry #IndustrialInnovation #MakeInIndia #WasteToSteam #IndustrialUtilities #SuratStartups #CleanEnergy #SteamAsAService #EnergyEfficiency #IoTInIndustry #SustainableManufacturing #W2E #InfraIndia #SteamRevolution #IndianStartups #SEBI #IndustrialGrowth #AIInEnergy #RenewableTechIndia #AviationForIndustry #SmartManufacturing
