Steamhouse India Ltd IPO

About Steamhouse India Ltd

Our Company was originally incorporated as `Ankleshwar Eco Energy Limited' at Surat, Gujarat, as a public limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated June 10, 2015, issued by the Registrar of Companies, Gujarat, at Ahmedabad. Subsequently, the name of our Company was changed from `Ankleshwar Eco Energy Limited' to `Steamhouse India Limited' pursuant to resolutions passed by our Board and Shareholders dated July 30, 2021 and September 6, 2021, respectively, and a fresh certificate of incorporation was issued by the Registrar of Companies, Gujarat, at Ahmedabad on September 28, 2021.

Industrial gases are indispensable to large-scale industries such as pharmaceuticals, chemicals and textiles, where they play a critical role in optimizing production efficiency and ensuring operational stability. As of Fiscal 2025, cylinder-based supply accounts for 42.0% of India's industrial gas (excluding steam) demand by value. As the Indian industrial sector continues to expand, the supply of industrial gases through pipelines is emerging as a preferred alternative. According to F&S, in Fiscal 2025, India's total process steam demand was approximately 186,000 TPH. With a projected CAGR of 9.5% from Fiscal 2025 to 2030, the market is poised for significant expansion. Recognizing the challenges posed by managing individual generation assets, process industries are increasingly turning to centralized generation and distribution services. This shift is primarily driven by the potential for significant operational and financial advantages, enabling shared resources and collaborative management to alleviate the burdens of infrastructure maintenance.

We are an Indian company specializing in the generation and centralized distribution of industrial gases, including steam and nitrogen, through our pipeline network. We and our Promoters are pioneers of the community boilersystem in India, which was first introduced in 2014. Our community industrial gasgeneration and distribution systems provide gas to various industrial customers from a pipeline network, which provides an alternative to each individual customer having its own infrastructure.

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