Open Date
Close Date
Listing Date
-
Max Investment
-
Price Range
₹-
Lot Size
-
IPO Size
₹425Cr
Exchange Symbols
Open Date
Close Date
Listing Date
Max Investment
Price Range
Lot Size
IPO Size
Exchange Symbols
Leading market position offering customers an energy efficient solution across industries with high growth potential.
High barriers to entry for competitors.
Strategically located facilities offering community gas generation and distribution.
Marquee customer base with long-term relationships driven by our value proposition.
Primary business of our Company We are an Indian company specializing in the generation and centralized distribution of industrial gases, including steam and nitrogen, through our pipeline network. We currently operate seven community steam boilers (six owned and one leased) including Vapi Phase 1, Vapi WTE unit, Ankleshwar Phase 1, Ankleshwar Phase 2, Sarigam, Nandesari and Panoli. As of September 30, 2025, our combined installed plant capacity for steam across our seven boilers is an aggregate of 345 tonnes per hour ("TPH"). We also have one nitrogen generation and distribution facility, which is located in Ankleshwar and commenced commercial operations in February 1, 2025 with a capacity of 350 NM3/hour. We utilize a diverse range of fuels in our operational community steam boiler facilities, including coal and non-fossil fuels like plastic waste to generate steam. As of November 15, 2025, we owned, operated and maintained a 56,236 metres operational pipeline system connecting our facilities to our customers' premises. We served 174 customers during the six months ended September 30, 2025. Our customers are across key sectors including, pharmaceuticals, chemicals, agro-chemicals, textiles, tyres, dyes and pigments, polymers, paints and other sectors.
: IPO Dates
The IPO opens for subscription on -, and closes on -. Investors will likely receive their allotment status updates on -. Those who get allotted shares can expect them credited to their Demat accounts by -. The shares will be officially listed on the stock exchange on -.
: IPO Price Band
The IPO consists of a fresh issue and an offer for sale, with a price band set between ₹None and ₹None per share.Investors can apply within this range. This book-building issue includes a fresh issue worth ₹0.0 crore and an offer for sale valued at ₹ - crore. The exact listing price will be revealed on -, which is when the shares start trading on the exchange.
: Lot Size and Issue Size
The minimum application lot size is shares, and investors need to apply for at least one lot. The total IPO size is approximately ₹425Cr crore.
You will also get notified of your allotment via push notifications and email from Torus Digital.

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