New Delhi, Sept. 9 -- The Rs.414 crore initial public issue (IPO) of industrial gases generator and distributor, Steamhouse India, opens for public subscription today, i.e., Wednesday, 9 September, and will remain open until Friday, 11 September.

The book-build issue, with a price band of Rs.77 to Rs.81 per share, combines a fresh issue of about 4.36 crore shares to raise Rs.353 crore and an offer for sale (OFS) of 75.31 lakh shares for Rs.61 crore.

Steamhouse India specialises in the generation and centralised distribution of industrial gases, including steam and nitrogen, through its pipeline network.

Its revenue from operations in FY24 stood at Rs.291.71 crore, rising to Rs.395.11 crore in FY25 and to Rs.491.51 crore in FY26.

Its r...