Shah Investor's Home IPO Date & Timeline
Tentative schedule from the RHP.
Shah Investor's Home IPO GMP Today
Unofficial, aggregated from market sources. It never feeds our score.
Full GMP history (17 updates)
| Date & time (IST) | GMP | Change | GMP % | Est. listing |
|---|---|---|---|---|
| Oct 2, 2026 · 11:45 AM | ₹11 | +₹1 | 6.6% | ₹178 |
| Oct 2, 2026 · 8:45 AM | ₹10 | ₹0 | 6.0% | ₹177 |
| Oct 1, 2026 · 8:00 AM | ₹10 | +₹1 | 6.0% | ₹177 |
| Sep 30, 2026 · 5:00 PM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 30, 2026 · 1:30 PM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 30, 2026 · 8:30 AM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 29, 2026 · 7:30 PM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 29, 2026 · 4:30 PM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 29, 2026 · 8:30 AM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 28, 2026 · 8:45 PM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 28, 2026 · 5:45 PM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 28, 2026 · 11:00 AM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 27, 2026 · 11:59 PM | ₹9 | ₹0 | 5.4% | ₹176 |
| Sep 26, 2026 · 11:59 PM | ₹9 | −₹2 | 5.4% | ₹176 |
| Sep 25, 2026 · 11:59 PM | ₹11 | +₹1 | 6.6% | ₹178 |
| Sep 24, 2026 · 11:59 PM | ₹10 | ₹0 | 6.0% | ₹177 |
| Sep 23, 2026 · 11:59 PM | ₹10 | — | 6.0% | ₹177 |
Shah Investor's Home IPO Subscription Status
From NSE + BSE bid data, excluding the anchor portion.
Day-wise subscription
| Day | QIB | bHNI | sHNI | NII total | Retail | Total |
|---|---|---|---|---|---|---|
| Shares offered | 10,79,840 | 5,39,325 | 2,70,300 | 8,09,880 | 18,89,720 | 37,79,440 |
| Day 1 · Sep 28 | 0.50× | 0.12× | 0.53× | 0.25× | 0.23× | 0.31× |
| Day 2 · Sep 29 | 1.08× | 1.37× | 2.04× | 1.59× | 0.90× | 1.10× |
| Day 3 · Sep 30 | 28.05× | 105.15× | 76.32× | 95.54× | 19.26× | 38.12× |
Shah Investor's Home IPO Details
Checked against the RHP and cross-checked on NSE and BSE.
| IPO date | Sep 28 – 30, 2026 |
| Price band | ₹159 – 167 per share |
| Face value | ₹10 per share |
| Lot size | 85 shares |
| Total issue size | 53,99,200 shares ₹90.17 Cr |
| Fresh issue | 53,99,200 shares ₹90.17 Cr |
| Issue type | Book Built · Mainboard |
| Listing at | BSE, NSE |
| Market cap | ≈ ₹353.26 Cr |
| Promoter holding | 84.34% → 62.81% |
| Lead manager | Beeline Capital Advisors Pvt. Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
Offer documents
Shah Investor's Home IPO Lot Size
Minimum and maximum bids by investor type at the upper band of ₹167.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| 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 Reservation
Shares set aside for each category, and the maximum number of applicants who can get an allotment.
| Category | Shares offered | % of issue | Max. allottees |
|---|---|---|---|
| Anchor investors | 16,19,760 | 30% | — |
| QIB (ex-anchor) | 10,79,840 | 20% | — |
| NII (HNI) | 8,09,880 | 15% | — |
| ↳ bHNI (>₹10L) | 5,39,325 | 10% | 423 |
| ↳ sHNI (₹2–10L) | 2,70,300 | 5% | 212 |
| Retail | 18,89,720 | 35% | 22,232 |
| Total | 53,99,200 | 100% |
Shah Investor's Home Financials (FY24 – FY26)
Restated consolidated figures from the RHP, ₹ crore. Years end March 31. Revenue is total income.
Financial statement
| ₹ Cr | FY24 | FY25 | FY26 | YoY |
|---|---|---|---|---|
| Revenue | 79.05 | 94.47 | 72.40 | −23.4% |
| EBITDA | — | 35.31 | 21.62 | −38.8% |
| Profit after tax | 18.05 | 23.42 | 13.11 | −44.0% |
| Total assets | 298.76 | 302.57 | 304.44 | +0.6% |
| Net worth | 150.54 | 168.09 | 179.71 | +6.9% |
| Reserves & surplus | 134.79 | 152.34 | 163.95 | +7.6% |
| Total borrowing | 3.54 | 5.71 | 18.47 | +223.5% |
Shah Investor's Home IPO Valuation & Peer Comparison
At the upper band of ₹167. Peers from the RHP "Basis for Offer Price".
Peer comparison
| Company | P/E | P/B | RoNW |
|---|---|---|---|
| Shah Investor's Home | 20.1× | 1.46× | 7.35% |
| SMC Global Securities | 16.2× | 1.27× | 7.80% |
| Share India Securities | 11.7× | 1.43× | 12.20% |
| Arihant Capital Markets | 27.0× | 1.93× | 7.10% |
About Shah Investor's Home
Business profile from the RHP.
- 1994Incorporated · registered office in GIFT City, Gandhinagar
- 11 branches · 184 APsMumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar, Rajkot
- 37,810+ active clients~1 lakh demat accounts (NSDL DP)
- NSE · BSE · MCXEquity, F&O, currency broking, MTF and MF/PMS distribution
Promoters & holding
Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah, Trupti Utpal Shah
Objects of the issue
Anchor investors
16,19,760 shares. Participants include Anubhuti Value Trust, Gagandeep Credit Capital, Compact Structure Fund and Sunrise Investment Trust.
Shah Investor's Home IPO Review: Should You Apply?
Our 100-point score, and both sides of the case.
Our view: A 30-year-old regional broker with a loyal client base, low debt and a 100% fresh issue, but FY26 income fell 23% and profit nearly halved, leaving a ~7.5% ROE priced at ~27× post-issue earnings, above most listed peers.
- Long-running broker (since 1994) with ~37,810 active clients, over 70% of them with the firm for 5+ years.
- Low leverage: debt-to-equity of about 0.10 even after FY26 borrowing rose.
- Entirely fresh issue: all ₹90 Cr goes into the company, ₹60 Cr of it to working capital for the growing margin trading book.
- Price-to-book of ~1.5× is in line with listed broking peers.
- Diversified income across broking, margin funding, depository services and fund distribution.
- FY26 income fell 23% to ₹72.4 Cr and profit dropped 44% to ₹13.1 Cr, showing how tied earnings are to market volumes.
- At ~27× post-issue earnings for a ~7.5% ROE, it is priced above SMC Global and Share India.
- Business is concentrated in Gujarat and Maharashtra, and faces discount brokers and fintech apps.
- Reported contingent liabilities of ~₹64 Cr (Mar 2026) and a rise in receivables need watching.
- Tighter SEBI rules on F&O trading and margins could squeeze broking volumes further.
- Small anchor book (₹27 Cr from four little-known funds, no mutual funds).
Shah Investor's Home Listing Performance Updates after Oct 6
We close the loop: issue vs listing price, and whether our call was right.
Shah Investor's Home IPO Allotment Status & Contact Details
Allotment was finalised on Oct 1. Check it with your PAN or application number.
MUFG Intime India Pvt. Ltd.
- Phone
- 022-49186000
- shahInvestors.ipo@in.mpms.mufg.com
- Website
- in.mpms.mufg.com
Shah Investor's Home Ltd.
- Address
- 810, X-Change Plaza, DSCCSL (53E), Road 5E, Block 53, Zone 5, GIFT City, Gandhinagar, Gujarat 382050
- Phone
- +91 9904053335
- company.secretary@sihl.in
- Website
- sihl.in
Shah Investor's Home IPO FAQs
GMP, price, lot size, dates, allotment and how to apply.
What is Shah Investor's Home IPO?
Shah Investor's Home IPO is a ₹90.17 Cr Mainboard book built issue, entirely a fresh issue. The shares will list on BSE and NSE.
What is Shah Investor's Home IPO GMP today?
As of Oct 2 · 11:45 AM IST, the grey market premium is ₹11 (≈6.6%), implying an estimated listing price of about ₹178. The GMP has ranged ₹9 – 11 since Sep 23. GMP is unofficial and not a guarantee of the listing price.
What is the price band of Shah Investor's Home IPO?
The price band is ₹159 – ₹167 per equity share of face value ₹10.
What is the lot size of Shah Investor's Home IPO?
The minimum lot is 85 shares. Retail investors can apply for 1 to 14 lots (85 to 1,190 shares).
What is the minimum investment for Shah Investor's Home IPO?
The minimum retail investment is ₹14,195 (85 shares at ₹167). The maximum retail application is ₹1,98,730 (14 lots).
When does Shah Investor's Home IPO open and close?
The IPO opens on Sep 28, 2026 and closes on Sep 30, 2026.
What is the allotment date of Shah Investor's Home IPO?
The basis of allotment is finalised on Oct 1, 2026. Refunds and demat credit are expected on Oct 5, 2026.
When will Shah Investor's Home IPO be listed?
The tentative listing date is Oct 6, 2026 on BSE and NSE.
What is Shah Investor's Home IPO subscription status?
At close (Sep 30 · 5:57 PM IST), the issue was subscribed 38.12× overall — QIB 28.05×, bHNI 105.15×, sHNI 76.32×, Retail 19.26×.
What is the P/E ratio and valuation of Shah Investor's Home IPO?
At the upper band, the P/E is 20.1× pre-issue and 26.9× post-issue, with a market cap of about ₹353.26 Cr. Listed peers include SMC Global Securities (16.2×) and Share India Securities (11.7×).
Should I apply for Shah Investor's Home IPO?
IPOSignal's view is High Risk · Earnings Slide, Full Price (54/100). A 30-year-old regional broker with a loyal client base, low debt and a 100% fresh issue, but FY26 income fell 23% and profit nearly halved, leaving a ~7.5% ROE priced at ~27× post-issue earnings, above most listed peers. This is research, not investment advice.
How to check Shah Investor's Home IPO allotment status?
Check on the registrar MUFG Intime India Pvt. Ltd.'s site (in.mpms.mufg.com/Initial_Offer/public-issues.html), or on the BSE / NSE allotment pages, using your PAN or application number.
Who is the registrar and lead manager of Shah Investor's Home IPO?
The registrar is MUFG Intime India Pvt. Ltd.. The book-running lead manager is Beeline Capital Advisors Pvt. Ltd..