Shah Investor's Home IPO 2026: Date, Price Band, GMP and Details
Dates, price band, lot size, financials and full details of the Shah Investor's Home Limited IPO, sourced from the company's Red Herring Prospectus (RHP).
Shah Investor's Home IPO at a glance
| Detail | Value |
| IPO Dates | 28 to 30 Sep 2026 |
| Price Band | ₹159 to ₹167 |
| Issue Size | ₹90.17 crore |
| Lot Size | 85 shares |
| Minimum Investment | ₹14,195 |
| Listing Date | 6 Oct 2026 |
Shah Investor's Home Limited is bringing a Book Built Mainboard IPO worth ₹90.17 crore. The issue is entirely a fresh issue of 53,99,200 shares, with no Offer for Sale (OFS), so the company receives the proceeds. The IPO is open from 28 September to 30 September 2026 and is proposed to list on the BSE and the NSE.
Shah Investor's Home IPO Details
| Particulars | Details |
| IPO Type | Book Built Mainboard IPO |
| Total Issue Size | ₹90.17 crore (53,99,200 shares) |
| Fresh Issue | ₹90.17 crore (53,99,200 shares) |
| Offer for Sale (OFS) | None. The issue is entirely a fresh issue. |
| Price Band | ₹159 to ₹167 per share |
| Face Value | ₹10 per share |
| Lot Size | 85 shares |
| Minimum Retail Investment | ₹14,195 (1 lot, at upper price band) |
| Listing On | BSE and NSE |
| Lead Manager | Beeline Capital Advisors |
| Registrar | MUFG Intime India Private Limited |
Shah Investor's Home IPO Timelines
| Event | Date |
| IPO Opens | 28 September 2026 |
| IPO Closes | 30 September 2026 |
| Allotment | 1 October 2026 |
| Refund Initiation | 5 October 2026 |
| Credit of Shares to Demat | 5 October 2026 |
| Listing Date | 6 October 2026 |
Dates are tentative and may change.
Shah Investor's Home IPO GMP
GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).
About Shah Investor's Home Limited
Incorporated in October 1994, Shah Investor's Home Limited (SIHL) is a retail-focused stock broking and financial services company with over three decades of experience in the securities market. It is a member of the National Stock Exchange (NSE), BSE, and Multi Commodity Exchange (MCX), and offers trading in equities, futures and options, currencies, and commodities, along with depository services (through NSDL), margin trading facilities, and distribution of mutual funds, portfolio management services (PMS), and IPOs.
Its broking segment is its largest revenue contributor, at 64.78% of revenue from operations in FY 2026. It serves resident and non-resident Indian investors through a mix of digital platforms, branches, and authorised persons. As of 31 March 2026, it had 38,189 active clients, more than 1 lakh demat accounts, and a network of 11 branches and 181 authorised persons, with a strong presence in Gujarat and Maharashtra. It also runs digital platforms such as SIHL Moneymaker and SIHL Fundspro.
The company's promoters are Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah, and Trupti Utpal Shah.
What are the Key Strengths of Shah Investor's Home (as stated in the RHP)
- Sizeable clientele across Gujarat.
- Strong track record of financial performance and operating efficiency.
- Leveraging technology to enhance client satisfaction.
- Integrated brokerage model with long-term client relationships.
- Experienced promoters and management team.
What the Money Will Be Used For
The IPO is entirely a fresh issue of ₹90.17 crore, with no Offer for Sale, so all the proceeds go to the company. It plans to use the money for the following:
| Object of the Issue | Amount |
| Funding working capital requirements of the company | ₹60 crore |
| General corporate purposes | Balance amount |
What are the Company Financials of Shah Investor's Home
Restated consolidated figures, in ₹ crore.
| Particulars | FY 2026 | FY 2025 | FY 2024 | 2-Yr CAGR |
| Revenue from Operations | 71.48 | 94.27 | 77.82 | -4.16% |
| Total Income | 72.40 | 94.47 | 79.05 | -4.30% |
| Profit After Tax (PAT) | 13.11 | 23.42 | 18.05 | -14.79% |
| Net Worth | 179.71 | 168.09 | 150.54 | 9.26% |
A broking company's income depends on market activity, so it moves from year to year. Revenue and profit were highest in FY 2025 and fell in FY 2026 (₹94.47 crore total income and ₹23.42 crore profit in FY 2025, versus ₹72.40 crore and ₹13.11 crore in FY 2026), which is why the two-year growth rates are negative. Net worth grew steadily as the company retained earnings. 2-Yr CAGR is from FY 2024 to FY 2026.
Who Can Apply
The offer is split across investor categories as follows:
| Category | Share of the Net Issue |
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Non-Institutional Investors (NII) | Not less than 15% |
| Retail Individual Investors (RII) | Not less than 35% |
How to Apply for the Shah Investor's Home IPO
You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.
- Log in to your broker app or your bank's net banking.
- Open the IPO section and select Shah Investor's Home IPO.
- Enter the number of lots and your bid price, or select the cut-off price.
- Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
- Submit the application form.
- Approve the mandate request in your UPI app to block the funds until allotment.
How to Check Allotment Status
The basis of allotment is expected to be finalised on 1 October 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.
- On the registrar's website, MUFG Intime India, at the public issues page.
- On the BSE or NSE website under the IPO allotment section.
- Inside your broker app, under orders or IPO history.
Key Risk Factors
The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.
- Its business is heavily dependent on the securities markets; a downturn or reduced trading activity can lower its brokerage income, which was 64.78% of revenue from operations in FY 2026.
- It is subject to extensive statutory and regulatory requirements and supervision by SEBI and the stock exchanges.
- It relies heavily on its network of authorised persons.
- It relies on the Indian exchanges for a significant portion of its business.
- Its success depends on its ability to retain and grow its client base and its network of authorised persons and relationship managers.
- It incurred negative net cash flows from operating activities in FY 2026.
- It is exposed to credit risk arising from receivables in its day-to-day operations.
- A significant decrease in its liquidity could negatively affect its business, particularly its broking segment.
- It ventured into the margin trading business only in FY 2025, a relatively new line for it.
- Its directors, including its independent directors, do not have prior experience of being a director in a listed company or in the financial sector.
Frequently Asked Questions (FAQs)
1. When does the Shah Investor's Home IPO open and close?
The IPO opens on 28 September 2026 and closes on 30 September 2026.
2. What is the price band of the IPO?
The price band is ₹159 to ₹167 per share.
3. What is the lot size?
One lot is 85 shares. Applications are made in multiples of 85 shares.
4. What is the minimum investment for retail investors?
The minimum investment is ₹14,195 at the upper price band (1 lot of 85 shares).
5. When is the allotment date?
The allotment is expected to be finalised on 1 October 2026, with shares credited to demat accounts by 5 October 2026.
6. When is the listing date?
The shares are proposed to be listed on the BSE and the NSE on 6 October 2026 (tentative).
7. What does Shah Investor's Home do?
It is a retail-focused stock broking and financial services company, a member of the NSE, BSE, and MCX, offering equity, derivatives, currency, and commodity trading and allied services such as depository, margin trading, and mutual fund distribution.
8. What is the GMP of the Shah Investor's Home IPO?
GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.
9. Who is the registrar for the IPO?
MUFG Intime India Private Limited is the registrar. Allotment status can be checked on its website.
Read the full Red Herring Prospectus (RHP): View the full RHP filed with SEBI and the exchanges.
Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.