Shah Investor's Home IPO

The Shah Investor's Home mainboard IPO runs from 28 Sept 2026 to 30 Sept 2026, offered at a price band of ₹159–167 per share, and is set to list on NSE and BSE. The company is looking to raise ₹90.17 crore through the offer. Retail investors bid in lots of 85 shares, a minimum application of ₹14,195.

Issue structure

The IPO is structured entirely as a fresh issue of ₹90.17 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding working capital requirements of the company (₹60 crore), alongside general corporate purposes (₹18.56 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Shah Investor's Home reported revenue of ₹72.4 crore and a net profit of ₹13.11 crore. Revenue declined from ₹79.05 crore in FY2024 to ₹72.4 crore in FY2026 (-8.0%). Net worth stood at ₹179.71 crore at the end of FY2026. At the upper band, that puts the issue at roughly 20.1× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 26.94× post-issue earnings and 1.46× book value, against a return on net worth of 7.35% and a debt-to-equity ratio of 0.1. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Arihant Capital Markets Ltd. and Share India Securities Ltd., with a median peer P/E of about 16.3×. The issue's own post-issue P/E works out to 26.94×.

Promoters

The promoters of the company are <p>Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah, Trupti Utpal Shah</p>. Promoter holding stands at 84.34% before the issue and comes down to 62.81% after listing.

Grey market premium (GMP)

In the unofficial grey market, Shah Investor's Home shares are quoted at a premium of ₹17 implying an expected listing around ₹184, about +10.2% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Shah Investor's Home IPO was subscribed 38.12 times overall. The strongest demand came from non-institutional investors (NII) at 95.54 times, with qualified institutional buyers (QIB) at 28.05× and retail investors at 19.26×.

Listing performance

Shah Investor's Home listed on 6 Oct 2026 at ₹171, a premium of +2.4% over the issue price of ₹167.

What to weigh

When evaluating the Shah Investor's Home IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Shah Investor's Home

Incorporated in 1994, Shah Investor's Home Ltd. is retail brokering company that offers a range of services covering equity brokerage services and derivatives brokerage services. The company offer services facilitate the buying and selling of financial products such as equities, IPO investing, mutual funds distribution, and other securities. The company's primarily focus on providing secondary market brokering services to retail customers, comprising both resident and non-resident Indians. In addition to executing buy and sell orders,&nbsp;their business extends to offering mutual fund distribution, margin funding, and stock lending and borrowing services, which are carried out under the brand name &ldquo;Shah Investors&rdquo;. As of March 31, 2025,&nbsp;the company served over 100,000 demat accounts, with more than 37,810 active clients and partnerships with over 184 authorised persons. They conduct operations through 11 branches in India, located in Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot. Competitive Strengths: Sizeable clientele across Gujarat, with a strong regional presence Strong track record of financial performance and operating efficiency Leveraging technology to enhance client satisfaction Integrated brokerage model with long term client relationships &nbsp; &nbsp;