Trilegal advised the BRLM on Steamhouse India's INR 4,140 million IPO

Trilegal advised Equirus Capital Limited (formerly known as Equirus Capital Private Limited), the book running lead manager in connection with the initial public offering (IPO) of Steamhouse India Limited aggregating to INR 4,140 million. The IPO comprised a fresh issue of equity shares aggregating to INR 3,530 million and an offer for sale by the Promoter Selling Shareholder aggregating to INR 610 million.

Steamhouse made a debut on the stock exchanges at a premium of approximately 16.67% over the Offer Price.

Steamhouse India is an Indian 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.

The Trilegal Capital Markets Team advising on the mandate was led by Partner: Abhinav Maker; and supported by Senior Associate: Jayant Saxena; Associates: Ipsita Sahoo and Varda Saxena; and Trainee Associate: Nupur.

About Trilegal

Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.

Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.