Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Shah Investor's Home IPO
Price Band
₹159.0–167.0
Issue Size
₹90.17 Cr
Lot Size
85 shares
Min Investment
₹14,195
GMP
+₹9.0 (5.39%)
Issue Price
₹167.0
Subject to Sauda
₹600
Paid only if allotted
Shah Investor's Home IPO AI Summary
- Shah Investor's Home IPO is open now on BSE, NSE in the Financial Institution sector.
- Price band: ₹159.0–₹167.0 per share, lot size 85 shares (min. investment ₹14,195).
- Subscription window: 28 Sep–30 Sep 2026, listing on 06 Oct 2026.
- Current GMP is +₹9.0 (5.39%), an estimated listing price of ₹176 — unofficial and can change daily.
Shah Investor's Home Ltd. is set to launch its IPO with an issue price of ₹167.0, aiming to raise ₹90.17 Cr. The company has a strong regional presence and a diverse range of services in the financial sector. Investors should consider the company's financial performance and market conditions before participating in the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shah Investor's Home IPO — Third-Party Research Views
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
LIVE · updates every 5 minIPO is live — subscription open
Data auto-updates every 5 minutes
Shah Investor's Home IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+5.39%
Est. Listing
₹176.0
Updated: 28 Sep 2026 01:45
GMP Trend (Last 4 Days)
TopFund Score — Listing Data Indicator
GMP is 5.4% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 18.1% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Incorporated in 1994, Shah Investor's Home Ltd. is retail brokering company that offers a range of services covering equity brokerage services and derivatives brokerage services. The company offer services facilitate the buying and selling of financial products such as equities, IPO investing, mutual funds distribution, and other securities. The company's primarily focus on providing secondary market brokering services to retail customers, comprising both resident and non-resident Indians. In addition to executing buy and sell orders, their business extends to offering mutual fund distribution, margin funding, and stock lending and borrowing services, which are carried out under the brand name “Shah Investors”. As of March 31, 2025, the company served over 100,000 demat accounts, with more than 37,810 active clients and partnerships with over 184 authorised persons. They conduct operations through 11 branches in India, located in Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot. Competitive Strengths: Sizeable clientele across Gujarat, with a strong regional presence Strong track record of financial performance and operating efficiency Leveraging technology to enhance client satisfaction Integrated brokerage model with long term client relationships
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 304.44 | 302.57 | 298.76 |
| Total Income | 72.40 | 94.47 | 79.05 |
| Profit After Tax | 13.11 | 23.42 | 18.05 |
| EBITDA | 21.62 | 35.31 | 25.13 |
| NET Worth | 179.71 | 168.09 | 150.54 |
| Reserves and Surplus | 163.95 | 152.34 | 134.79 |
| Total Borrowing | 18.47 | 5.71 | 3.54 |
Key Ratios
EPS
₹8.32
NAV
₹114.07
ROE
7.59%
ROCE
10.61%
RoNW
7.35%
P/B Value
1.46
P/E Ratio
20.07
Market Cap
₹353.26 Cr
PAT Margin
18.24%
Debt/Equity
0.10
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Arihant Capital Markets Ltd. | 40.23 | 7.13% | 27.09 | 2.87 | 2.87 |
| Share India Securities Ltd. | 120.41 | 12.28% | 11.7 | 14.79 | 14.76 |
| Smc Global Securities Ltd. | 62.27 | 7.82% | 16.28 | 4.87 | 4.87 |
| Shah Investor's Home Ltd. This IPO | 114.07 | 7.35% | — | 8.38 | 8.38 |
Promoters
Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah, Trupti Utpal Shah
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 60.00 2 General Corporate Purposes Total 60.00
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total Income was ₹79.05 Cr in the period ending 31 Mar 2024, increasing to ₹94.47 Cr by 31 Mar 2025, before declining to ₹72.40 Cr in the most recent period ending 31 Mar 2026, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹18.05 Cr in the period ending 31 Mar 2024, rising to ₹23.42 Cr by 31 Mar 2025, before decreasing to ₹13.11 Cr in the most recent period ending 31 Mar 2026, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Shah Investor's Home Ltd. has an implied P/E of 20.07 at the issue price, compared to peers trading at a P/E range of 11.7 to 27.09.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO in the stock market compared to its issue price. A positive GMP suggests that the IPO may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is important to consider the company's financial health and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid IPOs like this, which can carry higher risks and volatility.
IPO Timeline, Explained
The IPO opens for subscription on September 28, 2026, and closes on September 30, 2026. Allotment of shares will be done on October 1, 2026, with the listing date set for October 6, 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Shah Investor's Home's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shah Investor's Home IPO GMP today?
Shah Investor's Home IPO GMP today is +₹9.0 (5.39%), indicating an estimated listing price of ₹176. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shah Investor's Home IPO?
The price band of Shah Investor's Home IPO is ₹159.0–₹167.0 per share.
When does Shah Investor's Home IPO open and close?
Shah Investor's Home IPO opens on 28 September 2026 and closes on 30 September 2026.
When does Shah Investor's Home IPO list on the stock exchange?
Shah Investor's Home IPO is scheduled to list on 06 October 2026, with an estimated listing price of ₹176.0 based on current GMP.
What is the lot size for Shah Investor's Home IPO?
The lot size for Shah Investor's Home IPO is 85 shares, requiring a minimum investment of ₹14,195.
What is the TopFund Listing Data Indicator for Shah Investor's Home?
Shah Investor's Home's Listing Data Indicator score is 47/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is ₹159.0 to ₹167.0.
What is the minimum investment required?
The minimum investment required is ₹14,195.0.
What is the lot size for this IPO?
The lot size for this IPO is 85 shares.
When does the IPO open and close?
The IPO opens on September 28, 2026, and closes on September 30, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Sep 2026
Close
30 Sep 2026
Allotment
01 Oct 2026
Listing
06 Oct 2026
Plan Your IPO Investment
Related Articles
Full Analysis
Should you apply? Company analysis, GMP explained & FAQs
Community Sentiment
What are other investors planning for Shah Investor's Home?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.