Shah Investor’s Home IPO
SHAHINVEST · BSE, NSE · Mainboard · Finance - Housing
Overview
Updated 12 days agoShah Investor’s Home Limited is an established full-service brokerage house in India with over 30 years of experience. The company offers a range of services including equity and derivatives brokerage, mutual fund distribution, and margin trading facilities.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 85 | ₹14,195 |
| Retail (max) | 14 | 1,190 | ₹1,98,730 |
| sNII (min) | 15 | 1,275 | ₹2,12,925 |
| bNII (min) | 71 | 6,035 | ₹10,07,845 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Sector | Finance - Housing |
| Price band | ₹159–167 |
| Final issue price | ₹167.00 |
| Face value | ₹10 per share |
| Lot size | 85 shares |
| Minimum investment | ₹14,195 |
| Issue size | ₹90.00 Cr |
| P/E at upper band | 19.9x |
| Registrar | MUFG INTIME INDIA PRIVATE LIMITED |
| Lead managers | Beeline Capital Advisors Private Limited |
| NSE symbol | SHAHINVEST |
| ISIN | INE029N01014 |
Shareholder quota and promoter holding
Company & business
Shah Investor’s Home Limited is a retail-focused brokerage firm incorporated in 1994. The company provides a comprehensive suite of financial services, including equity and derivatives brokerage, mutual fund distribution, and margin trading facilities. It operates through a network of 11 branches and over 181 authorised persons, primarily concentrated in Gujarat and Maharashtra. The company has integrated technology into its operations, offering digital platforms like 'SIHL Moneymaker' and 'SIHL Fundspro' to enhance client engagement and service delivery. It is a member of major Indian stock exchanges, including NSE, BSE, and MCX, and is registered as a depository participant with NSDL.
Objects of the issue — how the money will be used
- Funding working capital requirements (₹60 Cr)
- General corporate purposes
Key strengths
- Over 30 years of experience in the Indian financial services industry.
- Established presence in western India, particularly Gujarat.
- Integrated brokerage model with long-term client relationships.
- Diversified revenue streams including brokerage, distribution, and margin trading.
- Strong focus on technology with in-house digital platforms.
- Experienced promoter and management team.
Key risks
- High geographical concentration of operations in Gujarat.
- Significant reliance on the network of Authorised Persons.
- High working capital requirements for margin trading facility.
- Subject to extensive statutory and regulatory requirements and supervision.
- Negative net cash flows from operating activities in Fiscal 2026.
- Dependence on third-party technology and software providers.
- Potential conflicts of interest with Group Companies and Promoter Group entities.
- Outstanding litigation against the company and its directors.
Promoters
Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah, Trupti Utpal Shah
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 77.82 | -- | 17.93 | 298.76 | 150.54 | 3.54 |
| FY25 | 94.27 | -- | 23.39 | 302.57 | 168.09 | 5.71 |
| FY26 | 71.48 | -- | 13.20 | 304.44 | 179.71 | 18.47 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Shah Investor’s Home this issue | 71.5 | 8.38 | 19.9x | 7.35 | 114.07 |
| SMC Global Securities Limited | 1,876.9 | 4.87 | 16.3 | 7.82 | 62.27 |
| Share India Securities Limited | 1,470.3 | 14.79 | 11.7 | 12.28 | 120.41 |
| Arihant Capital Markets Limited | 205.8 | 2.87 | 27.1 | 7.13 | 40.23 |
This issue is priced at 19.9x P/E against a peer median of 16.3x: a premium of 22%. A measurement, not a verdict.
Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.