Shah Investor's Home IPO Open 2026: Price Band, Dates, Review
· 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
Shah Investor's Home Mainboard IPO is open for subscription between 28 Sep 2026 and 30 Sep 2026 at a price band of ₹159 to ₹167 per share. Read complete issue details, subscription trends, financial history, and peer comparison.
Direct answer: The Shah Investor's Home IPO opened for subscription on 28 Sep 2026 and closes on 30 Sep 2026 at a price band of ₹159 to ₹167 per share. BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 provides full issue details, live bidding trends, and key financial metrics from the RHP.
Per grey market tracking, the unofficial and indicative GMP for Shah Investor's Home stood at ₹12.5 (+7.49%) as of 28 Sep 2026, moving between a low of ₹9.0 on 27 Sep 2026 and a high of ₹12.5 on 28 Sep 2026.
Shah Investor's Home IPO: Issue Details and Capital Structure
Shah Investor's Home on BuyUnlistedShares covers the complete profile of this Mainboard capital raising. The issuer is seeking to raise ₹90.17 Cr through a 100% fresh issue of 53,99,200 equity shares with a face value of ₹10.0 per share. The issue price is fixed between ₹159.0 and ₹167.0 per share.
| Item | Value | As of |
|---|---|---|
| Price band | ₹159 – ₹167 | 29 Sep 2026 |
| Lot size | 85 shares | 29 Sep 2026 |
| Issue size | ₹90.17 Cr | 29 Sep 2026 |
| Fresh issue | ₹90.17 Cr | 29 Sep 2026 |
| Exchange | NSE, BSE | 29 Sep 2026 |
| Issue type | MAINBOARD | 29 Sep 2026 |
| Face value | ₹10 | 29 Sep 2026 |
| Opens | 28 Sep 2026 | 29 Sep 2026 |
| Closes | 30 Sep 2026 | 29 Sep 2026 |
| Allotment | 1 Oct 2026 | 29 Sep 2026 |
| Listing | 6 Oct 2026 | 29 Sep 2026 |
| Registrar | MUFG Intime India Pvt.Ltd. | 29 Sep 2026 |
| GMP | ₹12.5 (unofficial, indicative) | 28 Sep 2026 |
Retail investors can apply for a minimum lot size of 85 shares, requiring an investment of ₹14,195 at the upper price band. Small High Net-Worth Individuals (sNII) require a minimum lot of 1,275 shares (₹2,12,925), while Big High Net-Worth Individuals (bNII) require 6,035 shares (₹10,07,845).
The allocation structure reserves up to 50% of the net issue for Qualified Institutional Buyers (QIBs) including anchor investors, not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for Retail Individual Investors.
The bidding closes on 30 Sep 2026. Basis of allotment is scheduled for 01 Oct 2026, with refunds and demat share transfers set for 05 Oct 2026. Listing on the NSE and BSE exchanges is expected on 06 Oct 2026. Track all upcoming primary market timelines on the IPO calendar.
Live Subscription Status and Bidding Trend
As of 28 Sep 2026, the issue registered an overall subscription of 0.32x across all investor categories. The institutional portion (QIB) was subscribed 0.50x, the NII category stood at 0.25x (sNII at 0.53x and bNII at 0.12x), while the retail quota was subscribed 0.24x.
The overall subscription reached 0.32x on 28 Sep 2026, starting from 0.24x earlier in the day, with qualified institutional buyers subscribing 0.5x and retail investors subscribing 0.24x.
As investors evaluate primary market issues alongside unlisted opportunities, BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 tracks capital market offerings across sectors.
Business Overview and Regional Operations
Incorporated in 1994, Shah Investor's Home Ltd. is a retail stockbroking firm offering equity and derivatives brokerage services under the brand name "Shah Investors". Over its three decades of operations, the company has expanded into mutual fund distribution, margin trading facility (MTF), depository services (registered with NSDL), and stock lending and borrowing.
As of 31 Mar 2025, the company served over 100,000 demat accounts, maintaining more than 37,810 active clients and partnering with over 184 authorised persons. Its physical operational network spans 11 branches across Gujarat and Maharashtra, located in Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar, and Rajkot.
To understand how this issue compares with market updates, readers can check Shah Investor's Home IPO: Dates, Price Band, Financials and Key Details and SRIT India IPO: Price Band, Dates, Financials and Business Overview.
Financial Track Record and Use of Proceeds
The net proceeds from the fresh equity issue of ₹90.17 Cr will be deployed primarily towards funding the working capital requirements of the company (₹60.0 Cr), with the balance allocated for general corporate purposes.
Per the restated consolidated financial summary filed in the RHP, the company's total income stood at ₹79.05 Cr in FY24, rising to ₹94.47 Cr in FY25, and recording ₹72.40 Cr in FY26. Profit After Tax (PAT) reported ₹18.05 Cr in FY24, ₹23.42 Cr in FY25, and ₹13.11 Cr in FY26. Net worth strengthened consistently from ₹150.54 Cr in FY24 to ₹168.09 Cr in FY25 and ₹179.71 Cr as of 31 Mar 2026.
Total income moved from ₹79.05 Cr in FY24 to a peak of ₹94.47 Cr in FY25 before adjusting to ₹72.40 Cr in FY26, while net worth expanded consistently from ₹150.54 Cr to ₹179.71 Cr.
Peer Comparison and Key Risk Factors
Per the RHP, Shah Investor's Home operates in a highly competitive brokerage industry. Below is a comparative snapshot with listed industry peers as of 31 Mar 2026:
| Company Name | Basic EPS (₹) | NAV (₹ per share) | P/E Ratio (x) | RoNW (%) |
|---|---|---|---|---|
| Shah Investor's Home Ltd. | 8.38 | 114.07 | 26.94 (Post-IPO) | 7.35% |
| Smc Global Securities Ltd. | 4.87 | 62.27 | 16.28 | 7.82% |
| Share India Securities Ltd. | 14.79 | 120.41 | 11.70 | 12.28% |
| Arihant Capital Markets Ltd. | 2.87 | 40.23 | 27.09 | 7.13% |
Key risk factors quoted from the issuer's prospectus include:
- Revenue concentration: The broking vertical contributed 68.90% of revenue in FY25 (and 71.60% in FY24 and FY23). Any persistent drop in trading volumes could materially affect financial performance.
- Regulatory oversight: Broking activities are subject to extensive statutory rules from SEBI, stock exchanges (NSE, BSE), and depositories.
- Network dependence: Business growth depends on retaining and expanding its network of 184+ Authorised Persons.
- Working capital intensity: Brokerage and margin funding operations require sustained capital liquidity.
- Technology risks: System outages or technological failures could impact trade execution and client retention.
To evaluate secondary and unlisted market valuations across financial sectors, visit our Unlisted shares screener or get in touch with BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.
Frequently Asked Questions
When does the Shah Investor's Home IPO open and close?
The Shah Investor's Home IPO opened for subscription on 28 Sep 2026 and closes on 30 Sep 2026.
What is the price band and lot size for the Shah Investor's Home IPO?
The price band is set at ₹159 to ₹167 per equity share with a face value of ₹10. Retail investors must bid for a minimum of 85 shares (1 lot), requiring ₹14,195 at the upper price limit.
What is the total issue size and object of the issue?
The IPO is a fresh issue of ₹90.17 Cr (53,99,200 equity shares). Out of the proceeds, ₹60.0 Cr will be utilized for working capital requirements, and the remainder for general corporate purposes.
Is the Shah Investor's Home IPO suitable for my investment portfolio?
We do not make that call or offer investment advice. Investors should evaluate their risk profile, analyze the RHP disclosures, and consult a qualified financial advisor before participating in any public offer.
What is the current grey market premium (GMP) for Shah Investor's Home?
As of 28 Sep 2026, the unofficial and indicative grey market premium (GMP) for Shah Investor's Home was recorded at ₹12.5 per share (+7.49% over the upper price band). GMP is purely indicative and does not guarantee the actual listing price.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
