Steamhouse India files updated DRHP for Rs 425-cr IPO

• Steamhouse India filed an updated DRHP with SEBI for a Rs 425 crore IPO.
• The IPO includes a fresh issue of Rs 345 crore and an Rs 80 crore Offer For Sale by promoter Vishal Sanwarprasad Budhia.
• Funds will be used for debt repayment, capacity expansion, and a new manufacturing facility in Dahej SEZ.
• The company operates seven community steam boilers and one nitrogen generation facility in Gujarat.
• For H1 FY26, Steamhouse India reported a profit of Rs 13 crore on revenue of Rs 238.4 crore.

Why It Matters: New IPO offers investment in industrial steam and gas sector.