Minimum Investment
About Company
Company Name: Shah Investor's Home Limited
Industry / Sector: Stockbroking & Allied Financial Services
Founded Year: October 1994
Promoters: Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah, Trupti Utpal Shah
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. The Company operates through 11 branches across Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot. The Company has progressively adopted technology across its operations, including a VMWare-based virtualised environment, the 'SIHL Moneymaker' digital app, and the 'ALGOFY' algorithmic trading platform launched in Fiscal 2026. As of July 31, 2026, the Company had 167 permanent employees.
IPO Basic Details
| Company Name | Shah Investor's Home Limited |
| IPO Type | Mainboard IPO |
| Price Band | ₹159 – ₹167 |
| Lot Size | 85 Shares |
| Total Issue Size | 53,99,200 Equity Shares (₹90.17 Cr) |
IPO Strengths & Risks
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
Risks
- Revenue and profitability are susceptible to volatility in the securities market
- The company is subject to extensive regulatory requirements and changes in regulations
- Significant portion of revenue is concentrated in Gujarat and Maharashtra
- The company faces competition from other broking firms and fintech platforms
- Dependence on technology infrastructure and cybersecurity
IPO Important Dates
| IPO Open Date | 28 Sep 2026 |
| IPO Close Date | 30 Sep 2026 |
| Basis of Allotment | 01 Oct 2026 |
| Refund Initiation | 05 Oct 2026 |
| Demat Credit Date | 05 Oct 2026 |
| Listing Date | 06 Oct 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | Not more than 50% of the Net Issue |
| Retail Quota | Not less than 35% of the Net Issue |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 85 | ₹14,195 |
| Retail Maximum | 14 Lots | 1190 | ₹1,98,730 |
| S-HNI Minimum | 15 Lots | 1275 | ₹2,12,925 |
| S-HNI Maximum | 70 Lots | 5950 | ₹9,93,650 |
| B-HNI Minimum | 71 Lots | 6035 | ₹10,07,845 |
Key Performance Indicators (KPI)
| ROE | 7.59% |
| ROCE | 10.61% |
| RoNW | - |
| PAT Margin | 18.24% |
| EBITDA Margin | 30.24% |
| EPS | ₹8.32 (Pre-IPO), ₹6.20 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.10 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹304.44 Cr | ₹72.40 Cr | ₹13.11 Cr | ₹21.62 Cr | ₹179.71 Cr | ₹18.47 Cr |
| FY2025 | ₹302.57 Cr | ₹94.47 Cr | ₹23.42 Cr | ₹35.31 Cr | ₹168.09 Cr | ₹5.71 Cr |
| FY2024 | ₹298.76 Cr | ₹79.05 Cr | ₹18.05 Cr | ₹25.13 Cr | ₹150.54 Cr | ₹3.54 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Pvt. Ltd.
Registrar Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Manager(s)
Company Information
Address: 810, X-Change Plaza, DSCCSL (53E), Road 5E, Block 53, Zone 5, Gift City, Gandhinagar, Gujarat - 382050
Website: Not explicitly stated in the source
Email: company.secretary@sihl.in
Phone: +91 9904053335
IPO Documents
Frequently Asked Questions (FAQ)
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