Shah Investor's Home

LISTED

IPO Date: 28 Sept - 30 Sept 2026

Listing Date: 6 Oct 2026

Price Range

Rs.159 - Rs.167

Issue Size

90 Cr

Min Investment

₹13,515

Min Application

85 Shares

View IPO Document

Schedule of Shah Investor's Home

Issue open date
28 Sept 2026
Issue close date
30 Sept 2026
UPI mandate deadline
30 Sept 2026 (5 PM)
Allotment finalization
1 Oct 2026
Share credit
5 Oct 2026
Listing date
6 Oct 2026
Mandate end date
15 Oct 2026

Issue size

Funds Raised in the IPO	Amount
Overall	90 Cr
Fresh Issue	90.17 Cr
Offer for Sale	0 Cr

Allotment Details^New

Allotment Timeline	Details
Allotment Date	1 Oct 2026
Allotment Link	{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

Date	IPO Price	GMP	Est. Listing Price
6 Oct 2026Latest	₹167	₹17	₹184(+10.18%)
5 Oct 2026	₹167	₹17	₹184(+10.18%)
4 Oct 2026	₹167	₹17	₹184(+10.18%)
3 Oct 2026	₹167	₹15	₹182(+9.28%)
2 Oct 2026	₹167	₹15	₹182(+9.13%)
1 Oct 2026	₹167	₹12	₹179(+7.19%)
30 Sept 2026	₹167	₹13	₹180(+7.49%)
29 Sept 2026	₹167	₹15	₹182(+8.98%)
28 Sept 2026	₹167	₹14	₹181(+8.38%)
27 Sept 2026	₹167	₹9	₹176(+5.39%)
26 Sept 2026	₹167	₹9	₹176(+5.39%)
25 Sept 2026	₹167	₹12	₹179(+7.19%)
24 Sept 2026	₹167	₹12	₹179(+7.19%)
23 Sept 2026	₹167	₹10	₹177(+5.99%)

Performance Shah Investor's Home

Issue Price	Listing Gain	Current Market Price	P/L
Rs.159 - Rs.167	₹ 171 (2.4%)	₹ 136	-18.56%

About Shah Investor's Home

Shah Investors’ Home Limited is a retail broking company that provides equity and derivatives brokerage services. Its services facilitate transactions in equities, IPOs, mutual funds, and other securities, with a focus on secondary market broking for retail customers, including resident and non-resident Indians. The company also provides mutual fund distribution, margin funding, and stock lending and borrowing services under the “Shah Investors” brand. It operates through 11 branches in Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar, and Rajkot, serving customers across Gujarat and Maharashtra. The company also offers digital services through its app-based platform, SIHL Moneymaker, and operates an in-house ERP system across its branches and franchises. In FY26, it launched ALGOFY, an API-powered algorithmic trading platform that supports strategy development, testing, deployment, automation, and management through APIs, pre-built strategies, and a no-code interface. As of March 31, 2026, it had served over 100,000 demat accounts and had more than 38,000 active clients.

Founded in	1994
Managing director	Mr Tanmay Upendra Shah
Parent organization

Financial Overview

Strengths

1
Established market presence with strong client concentration in Gujarat.
2
Diversified financial offerings including broking, MTF, and mutual funds.
3
Dedicated in-house research covering equities, commodities, and mutual funds.
4
Expanding network of authorized persons driving client acquisition.
5
Capital infusion will strengthen working capital and fund MTF book expansion.

Risks

1
Over 64% of revenue depends on stock broking, primarily from Gujarat.
2
High working capital needs to maintain margin trading and daily settlements.
3
Credit and market risks from potential client defaults in margin trading.
4
Heavy reliance on stock exchanges and third-party trading software providers.
5
Past regulatory non-compliances and untraceable historical secretarial records.

Subscription Figures

Category	Subscription (No. of times)
Qualified Institutional Buyers (QIBs)	28.05
Non-Institutional Investors (NIIs)	95.54
Retail Individual Investors (RIIs)	19.26
Employee	N/A
Total	38.12