The company harnesses waste-to-energy technology, transforming municipal solid waste residue, refuse-derived fuel and other renewable fuels into steam.
Surat-based Steamhouse India, a company dedicated to centralised steam supply for industrial clients, has filed a confidential draft red herring prospectus (CDRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
While the issue size hasn’t been disclosed, sources expect it could be between ₹500-700 crore.
Part of the Sanjoo group, the company has published advertisements intimating about filing of the pre-filled Draft Red Herring Prospectus on June 30. Founded in 2014 and is headquartered in Surat, the company has expansions underway at Pirana, Ahmedabad, Dahej Special Economic Zone (SEZ), Vapi, Ankleshwar, Panoli, Jhagadia, Nandesari in Gujarat and plans to expand operations in Andhra Pradesh, Telangana, Maharashtra, Himachal Pradesh, Madhya Pradesh, Rajasthan, Uttar Pradesh and Haryana
The company harnesses waste-to-energy technology, transforming municipal solid waste residue, refuse-derived fuel and other renewable fuels into steam.
Steamhouse follows a pipeline-based model and has over 45 km of pipeline infrastructure in key industrial hubs like Sachin, Vapi, Ankleshwar, Sarigram, Panoli and Nadesari. Clients benefit from a seamless supply of steam at their doorstep, leading to a 25–30 per cent reduction in production costs compared to using individual small boilers.
The company’s first waste-to-steam boiler in Vapi is already commissioned, where it takes non-recyclable plastic waste from paper mills and converts it into steam.
The company’s total revenue for FY24 stood at ₹291.71 crore₹70.14 crore and profitability at ₹25.97 crore.
Published on July 2, 2025
