Shah Investor’s Home IPO Price: ₹159 to ₹167 per share
IPO Dates: 28 to 30 Sept, 2026
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.
Business Operations
The Company operates through 11 branches across Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot. Its branch and authorised-person network primarily serves 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.
Technology & Digital Platforms
The Company has progressively adopted technology across its operations. It implemented a VMWare-based virtualised environment in 2007 and launched its digital app-based platform “SIHL Moneymaker” in 2023. As of March 31, 2026, the platform had over 12,452 active registered users.
The Company 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.
Customer Base & Management
The Company focuses on building long-term client relationships while expanding its retail and HNI customer base. It is supported by an experienced management team.
Workforce
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
Bidding Starts In
Shah Investor’s Home Limited IPO Specifics:
| IPO Date | 28 to 30 Sep, 2026 |
| Listing Date | Tue, Oct 6, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹159 to ₹167 |
| Lot Size | 85 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 53,99,200 shares (agg. up to ₹90 Cr) |
| Fresh Issue | 53,99,200 shares (agg. up to ₹90 Cr) |
| Share Holding Pre Issue | 1,57,54,000 shares |
| Share Holding Post Issue | 2,11,53,200 shares |
Shah Investor’s Home Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Mon, Sep 28, 2026 |
| IPO Close | Wed, Sep 30, 2026 |
| Allotment | Thu, Oct 1, 2026 |
| Refund | Mon, Oct 5, 2026 |
| Credit of Shares | Mon, Oct 5, 2026 |
| Listing | Tue, Oct 6, 2026 |
Shah Investor’s Home Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 85 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 85 | ₹14,195 |
| Retail (Max) | 14 | 1190 | ₹1,98,730 |
| S-HNI (Min) | 15 | 1275 | ₹2,12,925 |
| S-HNI (Max) | 70 | 5950 | ₹9,93,650 |
| B-HNI (Min) | 71 | 6035 | ₹10,07,845 |
Shah Investor’s Home Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
Shah Investor’s Home Limited IPO Financial Information
| Particulars (₹ Cr) | 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 |
Key Performance Indicator-Shah Investor’s Home Limited IPO
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 7.59% |
| ROCE | 10.61% |
| Debt/Equity | 0.10 |
| RoNW | 7.35% |
| PAT Margin | 18.24% |
| EBITDA Margin | 30.24% |
| NAV | 114.07 |
| Price to Book Value | 1.46 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.32 | 6.20 |
| P/E (x) | 20.07 | 26.94 |
| Market Cap at Offer Price | ₹263.09 Cr. | ₹353.26 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Shah Investor’s Home Limited IPO RHP
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