Shah Investor's Home Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 12.05x | 2,699,600 | 32,518,450 | ₹45 Cr |
| NII (HNI) | 95.38x | 809,880 | 77,243,325 | ₹14 Cr |
| Retail | 18.93x | 1,889,720 | 35,770,125 | ₹32 Cr |
| Σ Total | 26.95x | 5,399,200 | 145,531,900 | ₹90 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 85 | ₹14,195 |
| Retail (Max) | 13 | 1,105 | ₹184,535 |
| S-HNI (Min) | 14 | 1,190 | ₹198,730 |
| B-HNI (Min) | 67 | 5,695 | ₹951,065 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 72 | 94 | 79 |
| EBITDA | 22 | 35 | 25 |
| Profit After Tax | 13 | 23 | 18 |
| Net Worth | 180 | 168 | 151 |
| Total Assets | 304 | 303 | 299 |
| Reserves & Surplus | 164 | 152 | 135 |
| Total Borrowing | 18 | 6 | 4 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding working capital requirements of the Company – 60.00
- General Corporate Purposes –
Company Overview
Incorporated in October 1994, Shah Investor’s Home Limited is a retail broking company providing a range of financial services, with over three decades of experience in the securities market. The Company primarily offers 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. In addition to its core brokerage operations, the Company provides mutual fund distribution, margin funding, and stock lending and borrowing (SLB) services under the brand name “Shah Investors”. As of March 31, 2026, the Company had served over 1,00,000 demat accounts, with more than 38,000 active clients and a network of over 181 authorised persons.
The Company operates through 11 branches across Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot, with its branch and authorised-person network primarily serving customers across Gujarat and Maharashtra. The Company started its operations as a Trading Member of the National Stock Exchange of India Limited in 1995 and registered as a Depository Participant with NSDL in 1997.
The Company has progressively adopted technology across its operations. It implemented a VMWare-based virtualised environment in 2007, launched its digital app-based platform “SIHL Moneymaker” in 2023, and had over 12,452 active registered users as of March 31, 2026. It also operates an in-house ERP system across its branches and franchises. In Fiscal 2026, the Company launched “ALGOFY”, an API-powered algorithmic trading platform that enables strategy development, testing, deployment, automation and management through APIs, pre-built strategies and a no-code interface.The Company is supported by an experienced management team and focuses on building long-term client relationships while expanding its retail and HNI customer base.
As of July 31, 2026, the Company had 167 permanent employees across accounts, compliance, demat, helpdesk, research, IT, MTF & SLB, sales, trading and other functions.
Competitive Strengths
- Sizeable retail clientele across Gujarat.
- Established branch and authorised-person network.
- Digital platforms including SIHL Moneymaker and ALGOFY.
- Technology-enabled trading and client-service infrastructure.
- Integrated brokerage model with long-term client relationships.
- Long-standing experience in retail broking and financial services.