Steamhouse India Limited has raised ₹414 crore from an intial public offering comprising a fresh issue aggregating to ₹353 crore and an offer for sale by the Promoter Selling Shareholder aggregating to ₹61 crore.
AZB & Partners advised Steamhouse India on this IPO, according to the DRHP.
Trilegal advised Equirus Capital Limited, the book-running lead manager for this IPO.
The transaction was led by Abhinav Maker (Partner), with support from Jayant Saxena (Senior Associate), Associates Ipsita Sahoo and Varda Saxena; and Trainee Associate Nupur.
Steamhouse India is a company specializing in the generation and centralized distribution of industrial gases, including steam and nitrogen, through its pipeline network and is the only company in India that supplies nitrogen using a distributed pipeline network instead of the common practice of supplying in cryogenic tanks and onsite nitrogen generation. Steamhouse along with its promoters are pioneers of the community boiler system in India, which was first introduced in 2014.
Steamhouse made a debut on the stock exchanges at a premium of approximately 16.67% over the Offer Price.
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