Shah Investor’s Home IPO
Shah Investor’s Home IPO is a book-building public issue of ₹90.17 crore.
The issue is entirely a fresh issue of 53,99,200 equity shares aggregating to approximately ₹90.17 crore.
The IPO is scheduled to open for subscription on 28 September 2026 and close on 30 September 2026. The shares are proposed to be listed on both NSE and BSE.
The IPO price band has been fixed at ₹159 to ₹167 per share, with a minimum lot size of 85 shares.
Shah Investor’s Home IPO Details
Shah Investor’s Home Ltd. is entering the primary market with a book-building IPO of approximately ₹90.17 crore. The entire issue comprises a fresh issue of 53,99,200 equity shares.
The IPO price band has been fixed at ₹159 to ₹167 per share. Investors can apply for a minimum of 85 shares and thereafter in multiples of the specified lot size.
At the upper price band of ₹167, a retail investor needs ₹14,195 for one minimum lot of 85 shares.
The company proposes to use the net proceeds primarily towards funding working capital requirements, along with general corporate purposes and issue-related expenses.
Shah Investor’s Home IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | 28 September 2026 |
| IPO Close Date | 30 September 2026 |
| IPO Size | ₹90.17 Crore |
| Price Band | ₹159 to ₹167 per share |
| Face Value | ₹10 per share |
| Lot Size | 85 Shares |
| Issue Type | Book Building |
| Issue Structure | Fresh Issue Only |
| Listing Exchange | NSE and BSE |
| Total Issue Shares | 53,99,200 Shares |
| Fresh Issue | 53,99,200 Shares |
| Fresh Issue Amount | ₹90.17 Crore |
| Retail Investment | ₹14,195 at Upper Price Band |
| Expected Allotment | 01 October 2026* |
| Refund / Unblocking | 05 October 2026* |
| Demat Credit | 05 October 2026* |
| Tentative Listing Date | 06 October 2026* |
Shah Investor’s Home IPO Issue Size
| Issue Component | Shares | Approx. Amount |
|---|---|---|
| Total Issue | 53,99,200 Shares | ₹90.17 Cr |
| Fresh Issue | 53,99,200 Shares | ₹90.17 Cr |
| Offer for Sale | Nil | Nil |
Shah Investor’s Home IPO Investor Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Issue |
| Retail Individual Investors | Not less than 35% of the Net Issue |
| Non-Institutional Investors (NII) | Not less than 15% of the Net Issue |
Shah Investor’s Home IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Monday, 28 September 2026 |
| IPO Closes | Wednesday, 30 September 2026 |
| Allotment | Thursday, 01 October 2026* |
| Refund / Unblocking | Monday, 05 October 2026* |
| Shares Credited to Demat | Monday, 05 October 2026* |
| Listing | Tuesday, 06 October 2026* |
Shah Investor’s Home IPO Lot Size
The minimum IPO application size is 85 shares. Investors can submit bids in multiples of the prescribed lot size.
| Investor Category | Lots | Shares | Investment at ₹167 |
|---|---|---|---|
| Retail Minimum | 1 | 85 | ₹14,195 |
| Retail Maximum | 14 | 1,190 | ₹1,98,730 |
| S-HNI Minimum | 15 | 1,275 | ₹2,12,925 |
| S-HNI Maximum | 70 | 5,950 | ₹9,93,650 |
| B-HNI Minimum | 71 | 6,035 | ₹10,07,845 |
About Shah Investor’s Home Ltd.
Shah Investor’s Home Ltd., incorporated in October 1994, is a retail broking company providing a range of financial services with more than three decades of experience in the securities market.
The company primarily provides equity and derivatives brokerage services, facilitating the buying and selling of equities, IPOs and other securities for retail customers, including resident and non-resident Indians.
Its other services include mutual fund distribution, margin funding, stock lending and borrowing (SLB) and other financial-market services under the Shah Investors brand.
As of March 31, 2026, the company had served more than 1,00,000 demat accounts, with more than 38,000 active clients and a network of more than 181 authorised persons.
Shah Investor’s Home operates through 11 branches across locations including Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot.
The company started operations as a Trading Member of the National Stock Exchange of India in 1995 and registered as a Depository Participant with NSDL in 1997.
The company has also invested in technology-driven services, including its digital platform SIHL Moneymaker and its API-powered algorithmic trading platform ALGOFY.
Shah Investor’s Home Business Strengths
- More than three decades of experience in retail broking and financial services.
- Large retail customer base with more than 1,00,000 demat accounts served.
- Established branch and authorised-person network across Gujarat and Maharashtra.
- Equity and derivatives brokerage services for retail customers.
- Additional services including mutual fund distribution, margin funding and SLB.
- Digital platform SIHL Moneymaker supporting online client access.
- ALGOFY provides API-based algorithmic trading capabilities.
- Technology-enabled trading and client-service infrastructure.
Shah Investor’s Home IPO Objects of the Issue
The company proposes to use the net proceeds from the IPO towards funding its working capital requirements and for general corporate purposes. The issue also includes expenses related to the public issue.
| # | Issue Objects |
|---|---|
| 1 | Funding working capital requirements of the Company |
| 2 | General Corporate Purposes |
| 3 | Issue-related expenses |
Shah Investor’s Home Financial Performance
Shah Investor’s Home reported total income of ₹72.40 crore in FY2026 compared with ₹94.47 crore in FY2025. Profit after tax stood at ₹13.11 crore in FY2026 compared with ₹23.42 crore in FY2025.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Total Income | 72.40 | 94.47 | 79.05 |
| Profit After Tax | 13.11 | 23.42 | 18.05 |
| EBITDA | 21.62 | 35.31 | 25.13 |
| Net Worth | 179.71 | 168.09 | 150.54 |
| Total Borrowings | 18.47 | 5.71 | 3.54 |
| Assets | 304.44 | 302.57 | 298.76 |
Note: Financial figures are presented in ₹ crore and are based on the restated consolidated financial information supplied for the IPO.
Shah Investor’s Home IPO Key Performance Indicators
| KPI | FY2026 / Relevant Period |
|---|---|
| ROE | 7.59% |
| ROCE | 10.61% |
| Debt / Equity | 0.10 |
| RoNW | 7.35% |
| PAT Margin | 18.24% |
| EBITDA Margin | 30.24% |
| NAV | ₹114.07 |
| Price to Book Value | 1.46x |
Shah Investor’s Home IPO Valuation
The IPO price band is fixed at ₹159 to ₹167 per share. Based on the offer documents, the post-issue valuation at the upper price band reflects an EPS of approximately ₹6.20 and a P/E multiple of approximately 26.94x.
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹8.32 | ₹6.20 |
| P/E | 20.07x | 26.94x |
| Market Capitalisation | ₹263.09 Cr | ₹353.26 Cr |
| NAV | ₹114.07 | |
| Price to Book Value | 1.46x | |
Shah Investor’s Home Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 84.34% | 62.81% |
| Public | 15.66% | 37.19% |
| Total | 100% | 100% |
Promoters: Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah and Trupti Utpal Shah.
Shah Investor’s Home IPO Registrar & Lead Manager
IPO Registrar: MUFG Intime India Pvt. Ltd.
Book Running Lead Manager: Beeline Capital Advisors Pvt. Ltd.
Shah Investor’s Home IPO Important Information
| Particulars | Details |
|---|---|
| Company | Shah Investor’s Home Ltd. |
| IPO Type | Book Building Issue |
| IPO Size | ₹90.17 Crore |
| Price Band | ₹159 – ₹167 |
| Face Value | ₹10 per share |
| Lot Size | 85 Shares |
| Minimum Investment | ₹14,195 |
| Fresh Issue | ₹90.17 Crore |
| Offer for Sale | Nil |
| Listing | NSE and BSE |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Manager | Beeline Capital Advisors Pvt. Ltd. |
| IPO Open | 28 September 2026 |
| IPO Close | 30 September 2026 |
| Allotment | 01 October 2026* |
| Listing Date | 06 October 2026* |
Shah Investor’s Home IPO Quick Summary
Shah Investor’s Home IPO is a book-building public issue of approximately ₹90.17 crore. The IPO is scheduled to open on 28 September 2026 and close on 30 September 2026.
The price band has been fixed at ₹159 to ₹167 per share, while the minimum application size is 85 shares. At the upper price band, one retail lot requires an investment of ₹14,195.
The entire issue consists of a fresh issue of 53,99,200 shares aggregating to approximately ₹90.17 crore. There is no offer-for-sale component.
Shah Investor’s Home operates as a retail broking company and provides equity and derivatives brokerage, IPO services, mutual fund distribution, margin funding and stock lending and borrowing services.
The company has served more than 1,00,000 demat accounts and operates through a network of branches and authorised persons. Its technology initiatives include the SIHL Moneymaker platform and the API-based ALGOFY algorithmic trading platform.
Shah Investor’s Home IPO FAQs
Disclaimer
This Shah Investor’s Home IPO information is provided for educational and informational purposes only. IPO investments are subject to market risks, and the actual listing price or post-listing performance may differ from expectations.
GMP figures are unofficial and may change frequently. Grey market premium should not be considered a guaranteed indication of the actual listing price or return.
Investors should read the company’s RHP, financial statements, risk factors and other official disclosures carefully before making an investment decision. TradingMinds does not provide investment advice and does not guarantee IPO listing gains.
*Dates marked with an asterisk are tentative and may change according to the IPO process and applicable regulatory or exchange timelines.
