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SHAHINVEST · NSE,BSE · Financial Institution
Shah Investor's Home IPO closed on 30 Sep 2026 with 38.12x overall subscription . The basis of allotment is finalised on 01 Oct 2026 , and the stock will list on 06 Oct 2026 on NSE,BSE . The IPO price band was ₹159-₹167.
Shah Investor's Home IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 28 Sep 2026 |
| IPO Close Date | 30 Sep 2026 |
| Basis of Allotment | 01 Oct 2026 |
| Initiation of Refunds | 05 Oct 2026 |
| Credit of Shares to Demat | 05 Oct 2026 |
| Listing Date | 06 Oct 2026 |
Issue Size
5,399,200 shares
(aggregating up to ₹90.00 Cr)
Issue Price
₹159 – ₹167
Face Value
₹10/share
Market Lot
85 shares
Retail Min Investment
₹14,195
Listing At
NSE,BSE
Sale Type
fresh issue
Fresh Issue
5,399,200 shares
(aggregating up to ₹90 Cr)
Offer for Sale
[.]
Issue Type
book building
Open Date
28 Sep
Close Date
30 Sep
Allotment
01 Oct
Listing
06 Oct
Last updated: 10 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 05 Oct 2026 Latest | ₹167 | ₹15 | ₹182 | ₹15 |
8.98%
|
2:01 PM |
| 05 Oct 2026 | ₹167 | ₹15 | ₹182 | ₹15 |
8.98%
|
1:30 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 30 Sep 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 28.05x |
| NII | 95.54x |
| bNII (bids above ₹10L) | 105.15x |
| sNII (bids below ₹10L) | 76.32x |
| Retail Investors | 19.26x |
| Total | 38.12x |
Showing the latest subscription snapshot.
View full subscription historyUpendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah and Trupti Utpal Shah are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 85 | ₹14,195 |
| Retail (Max) | 14 | 1,190 | ₹198,730 |
| S-HNI (Min) | 15 | 1,275 | ₹212,925 |
| S-HNI (Max) | 70 | 5,950 | ₹993,650 |
| B-HNI (Min) | 71 | 6,035 | ₹1,007,845 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,699,600 (50.00%) |
|
•
Anchor Investor Shares Offered
|
1,619,760 (30.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,079,840 (20.00%) |
| NII (HNI) Shares Offered | 809,880 (15.00%) |
|
•
bNII > ₹10L
|
539,920 (10.00%) |
|
•
sNII < ₹10L
|
269,960 (5.00%) |
| Retail Shares Offered | 1,889,720 (35.00%) |
| Total Shares Offered | 5,399,200 (100.00%) |
Incorporated in 1994, Shah Investor's Home Limited (SIHL) has established a respected three-decade legacy within India’s retail financial services and capital markets ecosystem. Headquartered at GIFT City in Gandhinagar, Gujarat, the company operates as a full-service, SEBI-registered stockbroker, transitioning traditional physical investment habits into seamless, modern wealth management solutions.
The company's core strength lies in its diversified, retail-centric financial framework. Servicing over 100,000 demat accounts through a widespread network of branches and dedicated sub-brokers, SIHL offers end-to-end execution across equity and derivatives trading, mutual fund distribution, margin trading facilities (MTF), and depository services. Adopting an "asset-light" operational strategy, the firm bridges human-centric localized advisory with strong technological platforms, notably through its proprietary MoneyMaker and FundsPro mobile applications.
Led by veteran promoters Upendra Trikamlal Shah and Tanmay Upendra Shah, the enterprise has built exceptional operational momentum, with revenues climbing to ₹94.4 crore alongside a 37.4% EBITDA margin in Fiscal 2025. To scale its wealth advisory capabilities and expand its digital trading infrastructure, Shah Investor's Home Limited has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a mainboard initial public offering (IPO) to list on the NSE and BSE.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 79.05 | 94.47 | 72.4 |
| Profit After Tax (PAT) | 18.05 | 23.42 | 13.11 |
| EBITDA | 25.13 | 35.31 | 21.62 |
| Total Assets | 298.76 | 302.57 | 304.44 |
| Net Worth | 150.54 | 168.09 | 179.71 |
| Reserves & Surplus | - | - | 163.95 |
| Total Borrowing | 3.54 | 5.71 | 18.47 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2026 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 7.59% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 10.61% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 7.35% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 18.24% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 30.24% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.1x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 1.46x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹8.32 | ₹6.2 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 20.07x | 26.94x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹263 Cr | ₹353 Cr |
The basis of allotment for Shah Investor's Home IPO was finalised on 01 Oct 2026. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Shah Investor's Home IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Shah Investor's Home IPO is ₹159.00 - ₹167.00 per share.
As per market sources, Shah Investor's Home IPO GMP is currently ₹15.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Shah Investor's Home IPO stands at 38.12x overall.
The listing date for Shah Investor's Home IPO is 06 Oct 2026.
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