Shah Investor's Home IPO
Bookbuilding IPO | ₹90.00 Cr | Listing at BSE, NSE
IPO Open
Mon, Sep 28, 2026
IPO Close
Wed, Sep 30, 2026
Price Band
₹159.00 to ₹167.00
Market Cap (Pre-IPO)
₹353.26 Cr
IPO Details
| IPO Date | Sep 28, 2026 to Sep 30, 2026 |
| Listing Date | Tentative: Oct 06, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹159.00 to ₹167.00 |
| Lot Size | 85 Shares (Minimum: ₹14,195.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹90.00 Crores |
| Total Shares Offered | 5,399,200 shares |
| Fresh Issue | 5,399,200 shares |
| Offer For Sale | 5,399,200 shares |
Shah Investor's Home IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Shah Investor's Home IPO Lot Size
Investors can bid for a minimum of 85 shares and in multiples thereof.
| Application | 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 |
Shah Investor's Home Financial Information (Restated Consolidated)
Shah Investor's Home Ltd.;'s revenue decreased by 23% and profit after tax (PAT) dropped by 44% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 304.44 | 302.57 | 298.76 |
| Total Income | 72.40 | 94.47 | 79.05 |
| Profit After Tax | 13.11 | 23.42 | 18.05 |
| EBITDA | 21.62 | 35.31 | 25.13 |
| NET Worth | 179.71 | 168.09 | 150.54 |
| Reserves and Surplus | 163.95 | 152.34 | 134.79 |
| Total Borrowing | 18.47 | 5.71 | 3.54 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 7.59% |
| ROCE (Return on Capital Employed) | 10.61% |
| Debt/Equity | 0.10 |
| RoNW (Return on Net Worth) | 7.35% |
| PAT Margin (Profit After Tax Margin) | 18.24% |
| EBITDA Margin | 30.24% |
| Price to Book Value | 1.46 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.32 | 6.20 |
| P/E (x) | 20.07 | 26.94 |
Company Overview
Shah Investor’s Home Limited – 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 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, including a VMWare-based virtualised environment implemented in 2007, its digital app-based platform “SIHL Moneymaker” launched in 2023, and an in-house ERP system across its branches and franchises.
- As of March 31, 2026, SIHL Moneymaker had over 12,452 active registered users.
- In Fiscal 2026, the Company launched “ALGOFY”, an API-powered algorithmic trading platform enabling strategy development, testing, deployment, automation and management through APIs, pre-built strategies and a no-code interface.
- The Company 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.
Company 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.
Use of Proceeds
| 1) | Funding working capital requirements of the Company | 60.00 |
| 2) | General Corporate Purposes | |
| Total | 60.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Shah Investor's Home IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Shah Investor's Home Ltd. | 8.38 | 8.38 | 114.07 | - | 7.35 | - | Consolidated |
| Smc Global Securities Ltd. | 4.87 | 4.87 | 62.27 | 16.28 | 7.82 | 1.27 | Consolidated |
| Share India Securities Ltd. | 14.79 | 14.76 | 120.41 | 11.70 | 12.28 | 1.43 | Consolidated |
| Arihant Capital Markets Ltd. | 2.87 | 2.87 | 40.23 | 27.09 | 7.13 | 1.93 | Consolidated |
Quick Info
| Sector | financial services |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹353.26 Cr |
Important Dates
| IPO Open | Sep 28, 2026 |
| IPO Close | Sep 30, 2026 |
| Allotment Date | Oct 01, 2026 |
| Credit to Demat | Oct 05, 2026 |
| Listing Date | Tentative: Oct 06, 2026 |
Lead Manager(s)
Beeline Capital Advisors Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹90.17 crores.
- Issue Structure: The issue is entirely a fresh issue of 53.99 lakh shares aggregating to ₹90.17 crores.
- IPO Dates: The issue opens for subscription on September 28, 2026 and closes on September 30, 2026.
- Allotment Date: The allotment is expected to be finalized on October 1, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on October 6, 2026.
- Retail Investment Requirement: Minimum 1 lot (85 shares) amounting to approximately ₹14,195 at the upper price band.
- Issue Price Band: ₹159 to ₹167 per equity share.
- Lot Size: 85 shares per lot.
This IPO offers investors an opportunity to participate in the company through an entirely fresh issue of shares.