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IPO ·
NSE, BSE
Shah Investor's Home Ltd
Listed
Retail stockbroker in Gujarat and Maharashtra offering equity and derivatives broking, margin funding and mutual fund distribution.
Issue details
Price band
₹159 – ₹167
Face value
₹10
Lot size
85 shares
Minimum investment
₹14,195
Issue size
₹90.17 Cr
Fresh issue
₹90.17 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
28 Sep 2026
Closes
30 Sep 2026
UPI mandate cut-off
5:00 PM on 30 Sep 2026
Allotment
1 Oct 2026
Refunds
5 Oct 2026
Shares in demat
5 Oct 2026
Listing
6 Oct 2026
Subscription and listing
Subscription
38.12x
Listing price
₹171
Registrar
MUFG Intime India Pvt Ltd
Lead manager
Beeline Capital Advisors Pvt Ltd
Subscription by category
QIB (Ex Anchor)
28.05x
NII
95.54x
bNII (> ₹10L)
105.15x
sNII (< ₹10L)
76.32x
Retail
19.26x
Total
38.12x
Total applications
4,12,173
Anchor investors
Amount raised
₹27.05 Cr
Bid date
25 Sep 2026
50% lock-in ends
30 Oct 2026
Rest lock-in ends
29 Dec 2026
Listing day
Issue price
₹167
Open
₹171.00
High
₹179.55
Low
₹171.00
Day close
₹173.79
Listing gain at open
+2.40%
Issue structure
Shares reserved per category and share of the total issue
QIB
26,99,600
50.00%
Anchor Investor
16,19,760
30.00%
QIB (Ex. Anchor)
10,79,840
20.00%
NII
8,09,880
15.00%
bNII > ₹10L
5,39,920
10.00%
sNII < ₹10L
2,69,960
5.00%
Retail
18,89,720
35.00%
Total
53,99,200
100.00%
Finaccle’s quick read
Avoid
FY26 income down 23% and PAT down 44% with ROE of 7.59%, while the post-issue P/E is 26.94.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Shah Investor's Home is a retail stockbroker trading as 'Shah Investors', serving retail and NRI clients mainly in Gujarat and Maharashtra. It offers equity and derivatives broking, IPO services, mutual fund distribution, margin funding and securities lending, plus its own trading and algo platforms. It operates 11 branches and 181+ authorised persons with over 38,000 active clients.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
7.59%
ROCE
10.61%
Debt / equity
0.10
PAT margin
18.24%
P/E post issue
26.94
Market cap
₹353.26 Cr
Use of IPO money
Working capital requirements
₹60.00 Cr
General corporate purposes
₹18.56 Cr
Issue expenses
₹11.61 Cr
Strengths
✓
Three decades in retail broking with an NSE membership since 1995
✓
Branch and authorised-person network across Gujarat
✓
Own trading and algorithmic platforms
✓
Low debt/equity of 0.10
Risks to watch
!
Revenue fell 23% and PAT fell 44% in FY26
!
ROE of only 7.59% against a post-issue P/E near 27
!
Earnings depend heavily on market volumes and F&O activity
!
Borrowings rose from ₹3.54 Cr to ₹18.47 Cr in two years
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.