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Shah Investor's Home IPO Day 1: Issue booked 25% so far; check price band, key dates, other details
4 min read | Updated on September 28, 2026, 14:54 IST
SUMMARY
Until 2:45 PM, the initial share sale of the firm had received bids for 9,54,125 shares as compared to 37,79,440 shares on offer, as per exchange data.
The ₹90.17 crore IPO of Shah Investor's Home is a completely fresh issue. Photo: Shutterstock
The initial public offering (IPO) of Shah Investor's Home on its first day of subscription witnessed a tepid demand with a total booking of 25% so far on Monday, September 28.
Until 2:45 PM, the initial share sale of the firm had received bids for 9,54,125 shares as compared to 37,79,440 shares on offer, as per exchange data.
The non-institutional investor (NII) category was subscribed 0.12 times, while the retail individual investor (RII) segment saw 0.17 times subscriptions. However, the Qualified Institutional Buyers (QIB) portion was booked 0.50 times.
The ₹90.17 crore IPO of the financial services firm is a completely fresh issue. It has a price band that has been set between ₹159 and ₹167 per share.
The minimum lot size for an application is 85 shares, and the investor would have to apply for a minimum of 1 lot.
The IPO is a book-building issue that will be listed on both the National Stock Exchange and the Bombay Stock Exchange.
Shah Investor's Home IPO Objective
The money raised from the IPO will be used towards the following objectives:
Shah Investor's Home IPO: Listing date and time
| Event | Date |
|---|---|
| Subscription period | September 28 to September 30 |
| Basis of allotment | October 1 |
| Initiation of Refunds | October 5 |
| Credit of Shares to Demat | October 5 |
| Listing date | October 6 |
Strengths of Shah Investor’s Home
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 the company
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. 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.
The company operated through 11 branches across Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot, supported by 181 authorised persons.
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