Shah Investor's IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 52.33 | 79.05 | 94.47 | 72.40 |
| Expense | 42.44 | 55.05 | 63.06 | 54.09 |
| Profit (PAT) | 7.40 | 18.05 | 23.42 | 13.11 |
| Total Assets | 211.87 | 298.76 | 302.57 | 304.44 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| SMC Global Securities Limited | 4.87 | 16.28 | 7.82 | 62.27 | 1,876.92 Cr |
| Share India Securities Limited | 14.79 | 11.68 | 12.28 | 120.41 | 1,470.26 Cr |
| Arihant Capital Markets Limited | 2.87 | 27.09 | 7.13 | 40.23 | 205.84 Cr |
Promoters: Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah and Trupti Utpal Shah
Strengths & Risks
- Solid profit margin — 18.1%.
- Low leverage — debt/equity of 0.10.
- Grey-market premium is slipping during the bidding window.
- Revenue fell 23% in the latest reported year.
- Modest return on equity — 8%.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Shah Investor’s Home Ltd is one of the leading retail brokering companies in providing equity brokerage services and derivatives brokerage services. Further, the company provides services that help people buy and sell financial products like stocks, IPOs, mutual funds, and other securities. It has around 100,000 demat accounts, including more than 37,810 active clients, and works with over 184 authorised partners, as of March 31, 2025. The company operates through 11 branches across India, including in Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar, and Rajkot. Financially, Shah Investor’s Home Ltd.’s revenue grew by 19%, and its profit after tax increased by 30% from March 31, 2024, to March 31, 2025.
Shah Investor’s Home Ltd., 810, X-Change Plaza,, DSCCSL (53E), Road 5E,, Block 53, Zone 5, Gift City, Gandhinagar, Gujarat, 382050
| Purpose | Amount (Cr) |
|---|---|
| Funding working capital requirements of the Company | 60.00 |
| General Corporate Purpose | - |
Resources & Documents
Shah Investor's has set a price band of Rs 159–Rs 167 per share for an issue size of Rs 90 crore. The Mainboard issue is scheduled to open for subscription on September 28, 2026 — 4 days from now.
Shah Investor’s Home Ltd is one of the leading retail brokering companies in providing equity brokerage services and derivatives brokerage services. Further, the company provides services that help people buy and sell financial products like stocks, IPOs, mutual funds, and other securities.
The issue is promoted by Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah and Trupti Utpal Shah with BEELINE CAPITAL ADVISORS PRIVATE LIMITED acting as lead manager. Net proceeds will primarily be used towards Funding working capital requirements of the Company (Rs 60 crore) and General Corporate Purpose.
Grey market is quoting a premium of +Rs 12 (+7.2% over issue price), down Rs 2 from the previous session.
On fundamentals, the company is posting revenue growth of -23.4%, a profit margin of 18.1%, return on equity of 7.6% in its most recent reported period. Listed peers in this segment include SMC Global Securities Limited (P/E 16.28x) and Share India Securities Limited (P/E 11.68x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Shah Investor's IPO GMP — What It Means
The latest grey market premium for Shah Investor's IPO is ₹12 (+7.2%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Shah Investor's it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Shah Investor's GMP history and trend, or learn how grey market premium works and how reliable it is.
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