- Summary
- The Shah Investor’s Home IPO is a mainboard IPO, scheduled to open on 28 September 2026 and close on 30 September 2026.
- The tentative listing of the IPO shares is fixed on 6 October 2026 on the BSE and NSE platforms.
- The price band of the share is fixed at ₹159-₹167 per share, with a minimum application of 1 lot (85 shares).
Shah Investor’s Home IPO is a book-built IPO that is scheduled to open for subscription on 28 September 2026 and close on 30 September 2026. The company is issuing 53,99,200 fresh equity shares with a face value of ₹10 each. The price band is fixed at ₹159 to ₹167 per share, while the minimum application size is 85 shares, requiring an investment of ₹14,195 at the upper price band. The shares are proposed to be listed on both BSE and NSE, with the tentative listing date set for 6 October 2026. The company plans to use ₹60 crore of the IPO proceeds towards its working capital requirements.
Shah Investor’s Home IPO Key Details
The table below presents the essential details investors should know before applying for the Shah Investor’s Home IPO.
| IPO Open Date | 28 September 2026 |
| Close Date | 30 September 2026 |
| Face value | ₹10 per share |
| Price Band | ₹159-₹167 per share |
| IPO Lot Size | 85 shares |
| Fresh issue | 53,99,200 shares |
| Offer for Sale | _ |
| Type of issue | Mainboard |
| Listing at | BSE and NSE |
| Total Issue Size (₹ Crore) | ₹90 crores approx |
| Minimum Investment | 1 lot (85 shares) |
Shah Investor’s Home IPO Timeline
Below is the complete schedule of events for the Shah Investor’s Home IPO.
| Bid Opening | 28 September 2026 |
| Bid Closing | 30 September 2026 |
| Tentative Allotment | 1 October 2026 |
| Initiation of Refunds | 5 October 2026 |
| Credit of Shares to Demat | 5 October 2026 |
| Tentative Listing Date | 6 October 2026 |
| UPI mandate closing date | 30 September 2026 |
Key Performance Indicators of Shah Investor’s Home IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 7.59 | 14.68 | 13.38 |
| ROCE (%) | 10.61 | 20.35 | 16.77 |
| Net Debt Equity (in times) | 0.10 | 0.03 | 0.02 |
| RoNW (%) | 7.35 | 13.91 | 11.91 |
| PAT Margin (%) (Net) | 18.24 | 24.76 | 22.69 |
| EBITDA margin (%) | 30.24 | 37.46 | 32.29 |
| Price to book | 1.46 | _ | _ |
Shah Investor’s Home IPO Financial Details
The Financial information of the Shah Investor’s Home IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 71.48 | 94.27 | 77.82 |
| Total Asset | 304.44 | 302.57 | 298.76 |
| Profit | 13.11 | 23.42 | 18.05 |
Shah Investor’s Home IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Sep 28 (Day 1) | 0.50 | 0.11 | 0.05 | 0.22 | 0.15 | 0.24 |
Shah Investor’s Home IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Shah Investor’s Home IPO shows a GMP of ₹12 with an estimated listing price of ₹179.
| GMP Date | GMP | Est. Listing Price on upper price-₹167.00 | Est. Profit* | Trend |
|---|---|---|---|---|
| 28-Sep 12:02 Sub: 0.06x O | ₹12 (7.19%) ▲ | ₹179 | ₹1,020 | Stable |
| 27-Sep 23:37 | ₹9 (5.39%) ─ | ₹176 | ₹765 | Stable |
| 26-Sep 23:37 | ₹9 (5.39%) ▼ | ₹176 | ₹765 | Stable |
| 25-Sep 23:37 | ₹12 (7.19%) ─ | ₹179 | ₹1,020 | Stable |
| 24-Sep 23:37 | ₹12 (7.19%) ▲ | ₹179 | ₹1,020 | Stable |
| 23-Sep 23:37 | ₹10 (5.99%) ─ | ₹177 | ₹850 | Initial |
GMP is the premium value of the IPO share in the unofficial market before it opens for subscription.
Shah Investor’s Home IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares |
| QIBs | Not more than 50% of the Net issue |
| NIIs | Not less than 15% of the Net issue |
| Retails | Not less than 35% of the Net issue |
| Total | 100% |
Shah Investor’s Home IPO Lot Sizes
Refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount in ₹ |
| Retail(Min) | 1 | 85 | 14,195 |
| Retail (Max) | 14 | 1,190 | 1,98,730 |
| sHNI (Min) | 15 | 1,275 | 2,12,925 |
| sHNI (Max) | 70 | 5,950 | 9,93,650 |
| bHNI (Min) | 71 | 6,035 | 10,07,845 |
Shah Investor’s Home IPO Prospectus
Investors can access the offered prospectus for the Shah Investor’s Home IPO mentioned below.
About Shah Investor’s Home Ltd.
Shah Investor’s Home Limited is a retail broking company established in 1994 and operating in the financial services sector for more than three decades. Its core business includes equity and derivatives brokerage, while it also provides IPO investing, mutual fund distribution, margin funding, depository and stock lending and borrowing services under the Shah Investors brand. The company primarily serves retail customers, including resident and non-resident Indians.
As of 31 March 2026, the company had served more than 1 lakh demat accounts and had 38,189 active clients. It operated through 11 branches across Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot, supported by more than 181 authorised persons.
Promoters:
- Upendra Trikamlal Shah
- Purnima Upendra Shah
- Tanmay Upendra Shah
- Trupti Utpal Shah
| Book Runner | Beeline Capital Advisors Pvt. Ltd. |
| Issue Registrar | MUFG Intime India Pvt. Ltd. |
Purpose of Shah Investor’s Home IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Est. Amount in ₹ Crores |
| For working capital requirements | 60.00 |
| General corporate purposes | – |
| Total | – |
Shah Investor’s Home Ltd.- Strengths and benefits
- Large client base: As of March 2026, Shah Investor’s Home had more than 1 lakh demat accounts, 38,189 active clients and over 181 authorised persons across its network.
- Technological expansion: The company has developed digital platforms including SIHL Moneymaker and has also introduced ALGOFY, an API-powered platform for algorithmic trading.
- Diverse financial services: Besides brokerage, the company earns revenue from margin trading, depository services and distribution of mutual funds and third-party PMS products.
Shah Investor’s Home Ltd- Risks and limitations
- Geographical concentration: Gujarat accounted for 93.74% of the company’s broking income in FY2026. A slowdown or disruption in its key markets could therefore affect business performance.
- Operational risk: The company’s growing dependence on digital trading platforms makes system availability, cybersecurity and data security important operational considerations.
- Competitive market: The company operates in a competitive broking industry where discount brokers and other platforms can put pressure on brokerage fees and client retention.
Shah Investor’s Home IPO Review
Shah Investor’s Home IPO is a ₹90 crore-approximately mainboard issue comprising a fresh issue of 53,99,200 equity shares, with no offer-for-sale component. The IPO opens on 28 September 2026 and closes on 30 September 2026. The price band is ₹159 to ₹167 per share, and the lot size is 85 shares, making the minimum investment ₹14,195 at the upper price band. The issue has reserved not more than 50% of the net issue for QIBs, not less than 15% for NIIs and not less than 35% for retail investors. The shares are proposed to be listed on BSE and NSE, with NSE designated as the stock exchange for the issue. The tentative allotment date is 1 October 2026, and the tentative listing date is 6 October 2026.
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Shah Investor’s Home IPO FAQs
The Shah Investor’s Home IPO is a mainboard public issue of 53,99,200 fresh equity shares. The price band is ₹159 to ₹167 per share, and the issue is scheduled to open on 28 September 2026 and close on 30 September 2026.
Investors can apply for the Shah Investor’s Home IPO through the ASBA facility provided by their bank. UPI investors can also apply through their UPI-enabled bank account by submitting the IPO application through a supported intermediary and approving the UPI mandate before the closing time.
Whether the Shah Investor’s Home IPO is suitable depends on an investor’s objectives, risk tolerance and assessment of the company’s financial performance and industry risks. Investors should consider factors such as the company’s dependence on brokerage income, geographical concentration, competition and regulatory requirements before making an investment decision.
The Shah Investor’s Home IPO will open for subscription on 28 September 2026 and close on 30 September 2026.
The lot size of the Shah Investor’s Home IPO is 85 shares. At the upper price band of ₹167 per share, one lot requires an investment of ₹14,195.
The tentative allotment date for the Shah Investor’s Home IPO is 1 October 2026.
The tentative listing date for the Shah Investor’s Home IPO is 6 October 2026. The shares are proposed to be listed on both BSE and NSE.
