Upcoming IPO, July 2 -- Industrial steam solutions provider Steamhouse India has filed a confidential draft red herring prospectus (DRHP) with India's capital markets regulator, the Securities and Exchange Board of India (Sebi), to raise funds from the public markets through an initial public offering (IPO).

According to people aware of the development, the company is seeking to raise between Rs.500 and Rs.700 crore. However, the issue size or type of the public issue has not been disclosed in the 1 July 2025 filing.

Steamhouse India is an industrial steam solutions provider that was founded in 2014 and is based in Surat, Gujarat. The company caters to 167 clients spread across the nation, according to the official release.

The company...