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Shah Investor’s Home IPO

Shah Investor’s Home IPO

Finance - Housing
open
₹13,515Min. investment
  1. Pre-apply
    25 Sep
  2. Bid start
    28 Sep
  3. Bid end
    30 Sep
  4. Allotment
    1 Oct
  5. Release of funds
    5 Oct
  6. Demat transfer
    5 Oct
  7. Listing
    6 Oct

Shah Investor’s Home Limited IPO Details

SectorFinance - Housing
Price range₹159 – ₹167
IPO type
Regular
Lot size85 shares
Issue size₹90Cr
Red Herring Prospectus
Read
Market Cap
₹353.2CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹71.4CrLower than sector avg
Growth rate3Y CAGR
-4.16%

Shah Investor’s Home Limited IPO Overview

Shah Investor's Home IPO date

Shah Investor's Home IPO will open for subscription on September 28, 2026, and the closing date for the IPO is September 30, 2026. After this, investors are expected to be updated about the allotment status on October 01, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on October 05, 2026. The shares will be listed on NSE and BSE on Tuesday, October 06, 2026.

Shah Investor's Home IPO price band

The IPO is a complete fresh issue. The IPO price band has been set between ₹159 and ₹167 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹90.17 crore. Shah Investor's Home IPO listing price will be determined on October 06, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

Shah Investor's Home IPO lot size

Shah Investor's Home IPO details have been declared. The minimum lot size for an application is 85 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹90.17 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Compare

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Housing And Urban Development Corp LtdHousing And Urban Development Corp Ltd
LIC Housing Finance LtdLIC Housing Finance Ltd
Revenue
Higher revenue means strong sales and good market demand
This IPO
₹71.4Cr
This sector
₹6,286.92Cr
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹13.1Cr
This sector
₹1,155.17Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹353.2Cr
This sector
₹32,961.45Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
19.93
This sector
24.26
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.10
This sector
2.49
Compare with companies

Objectives

Working capital requirements
66.50%
General corporate purposes
33.40%

Strength and Weakness

Established integrated franchise

More than three decades in broking, supplemented by depository, MTF, distribution, SLBM and digital services, enables the company to address multiple client requirements.

Long-standing client relationships

Of 38,189 active FY26 clients, 27,728 had relationships exceeding five years, supporting retention and cross-selling potential.

Physical-plus-digital distribution

The network of 11 branches and 181 authorised persons is complemented by growing digital broking contribution, which rose to 42.62% in FY26.

Expansion in MTF

The MTF book grew 117.40% to ₹20.96 crore in FY26, while the proposed ₹60.00 crore working-capital allocation could expand deployable funding capacity.

Technology-led product development

SIHL Moneymaker, Fundspro, the in-house ERP, API services and the NSE-approved algo platform broaden the company’s delivery capabilities.

Fee-income and global-access optionality

Mutual-fund/PMS distribution, the Category III AIF registration and the NSEIX Global Access referral arrangement provide avenues beyond traditional broking, although commercial scaling remains to be demonstrated.

About Shah Investor’s Home Limited

Shah Investor’s Home, incorporated in October 1994, operates as a retail-focused financial intermediary under the “Shah Investors” brand, facilitating transactions in equities, derivatives, commodities and currencies.
The company’s wider offering includes IPO access, mutual-fund and third-party PMS distribution, depository services, margin trading facility (MTF), and securities lending and borrowing. The company commenced NSE stockbroking operations in 1995, registered as an NSDL depository participant in 1997 and subsequently added BSE, derivatives, currency and commodity-market capabilities.
Broking is the principal business vertical and generated ₹46.30 crore, or 64.7% of FY26 revenue from operations. Depository services contributed ₹1.19 crore, while interest on margin funding, delayed payments, bank deposits and other sources contributed ₹23.53 crore in aggregate. Broking income includes distribution income. The company’s broking value chain encompasses client acquisition through branches and authorised persons, order execution on NSE, BSE and MCX, settlement support, depository services and funding through MTF.
As of March 31, 2026, the company reported 85,422 total clients and 38,189 active clients, while also stating that it had served more than 1,00,000 demat accounts over time. It operated through 11 branches across Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot, supported by 181 authorised persons. Gujarat accounted for 36,720 active clients, or 96.15% of the active base, and 93.74% of FY26 broking income; this provides local franchise depth but creates substantial geographic concentration.
There was a growth of 0.9% in active customers, with 27,728 having relationships of more than five years, showing that the organisation had an established customer base. Customer assets amounted to ₹39,458.83 crore. The average broking income is ₹12,124.43 for each active customer. The MTF book increased by 117.4% to reach ₹20.96 crore, with 153.7% collateral coverage and a default rate of 0%, along with mutual funds' assets of ₹54.38 crore.
Technology is becoming a key part of the operating model. As of March 31, 2026, the SIHL Moneymaker app had 12,452 trading clients and 33,287 downloads. The SIHL Fundspro allows you to invest in mutual funds through technology. Broking income earned through digital mediums rose from 17.6% of total broking income in FY24 to 42.6% in FY26. In addition, the firm created its own ERP and also introduced ALGOFY, an API-enabled algorithmic trading platform. The in-house algo trading platform got approval from NSE in August 2026, whereas the application for BSE was still being processed.
India’s broking industry is estimated at approximately ₹0.52 lakh crore in FY25 and forecasts a 16% to 18% CAGR over the following two to three years, supported by financial literacy, lower investing costs and digital access. Equity trading in India is still at a nascent stage, with only 4% to 5% of the population actively participating, indicating that there is scope for growth. As of September 3, 2025, SEBI had around 4,900 equity brokers registered. Shah Investor’s Home can participate through its established retail franchise, physical distribution network and growing digital-execution share, but the opportunity is moderated by fee pressure, intense competition and its concentrated western-India footprint.
Industry growth is also broadening beyond transactional broking. India’s MTF book reached approximately ₹0.88 lakh crore in June 2025, while mutual-fund AUM reached ₹65.7 lakh crore in March 2025; retail mutual-fund AUM grew at a 34% CAGR during FY20-FY25. Proposed IPO funding of ₹60 crore for working capital is intended partly to support MTF expansion, while its active-client base provides a cross-selling pool for distribution, AIF and other fee-based products. Participation in these trends depends on disciplined credit, liquidity and regulatory risk management rather than industry growth alone.
Now, Shah Investor's Home is launching its initial public offering (IPO), which consists of a fresh issue of ₹90.17 crore. Its shares will be listed on NSE and BSE.

How to apply for Shah Investor's Home IPO?

If you are interested in this investment opportunity but unsure how to apply for a Shah Investor's Home IPO, follow these steps.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Shah Investor's Home IPO on Upstox:
  • Log in to your Upstox account using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Shah Investor's Home IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

Frequently asked questions

Investors can apply for the Shah Investor’s Home IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Shah Investor’s Home IPO is 90 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Ipo opens on 28 Sep 2026, 10:00 AM