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Shah Investor's Home Limited IPO logo

Shah Investor's Home Limited

Open Now

5.5 / 10

Average

Price band

₹159—₹167

Min investment

₹13,515

Opens on

2026-09-28

Key highlights

  • Established presence in the retail broking sector with over three decades of operating history and a large client base of over 100,000 demat accounts and 38,000 active clients. The company has diversified financial offerings including broking, margin trading facility (MTF), and mutual fund distribution, supported by expanding digital platforms like SIHL Moneymaker and ALGOFY. It also boasts high client retention, with over 72% of active clients remaining with the company for more than five years.
  • Significant financial contraction in FY26, with total income shrinking by 23.36% year-over-year and Profit After Tax (PAT) collapsing by 44.02% year-over-year. The company also reported a deeply negative operating cash flow of -₹19.70 Cr in FY26.
  • Extreme geographic concentration, with 93.74% of its total brokerage income derived exclusively from Gujarat, making it vulnerable to regional market conditions.
  • High valuation compared to peers, with an asking Post-IPO P/E of 26.94x, representing a 45.6% premium over the listed broking peer median, despite generating an inferior Return on Net Worth. Additionally, the company has faced past regulatory issues, including SEBI penalties for client-fund flow breaches and the cancellation of its investment-adviser registration.

Offer snapshot

Purpose
To fund the company's working capital requirements (₹60 crore) and for general corporate purposes.
Fresh issue
₹90.17 Cr
Offer for sale
₹0.00 Cr

Lumic insight

Shah Investor's Home presents a mixed bag for retail Indian investors. While its three-decade operating history, established client base, and push into digital platforms are positives, the recent sharp decline in revenue and profit in FY26 raises concerns about its current performance and future growth trajectory. The IPO's valuation appears stretched compared to industry peers, and the heavy reliance on the Gujarat market poses a geographic risk. Investors should carefully weigh the company's long-term client relationships and digital initiatives against its recent financial downturn, regional concentration, and premium valuation, especially in a competitive broking landscape. Past regulatory infractions also warrant consideration.

Source: NSE filings · Public disclosures · Lumic research.

Shah Investor's Home Limited is on the Lumic IPO page with the status Open Now. The calendar symbol is SHAHINVEST. The issue is grouped under Mainboard. The price band on this page is ₹159—₹167. The minimum investment shown for one lot is ₹13,515. The opening date on the calendar is 2026-09-28. The closing date on the calendar is 2026-09-30. The listing date on the calendar is 2026-10-06. The grey market premium on the calendar is ₹16.

Open now means the application window includes today. Upcoming means the window has not started. Listed means the listing date is today or earlier, so the card shows the listed price, the offer price, and the listing gain or loss when the calendar has those figures. The same status rules decide which filter shows Shah Investor's Home Limited on the IPO list.

The price band is the range in which bids are invited. The minimum investment is the cost of one lot at the low end of that band, unless the published sheet states a different minimum. When Lumic has published the sheet, the offer snapshot separates the fresh issue from the offer for sale and states the primary purpose of the money being raised. Key highlights keep one positive point and the concerns the editors want a reader to notice before opening the company filing.

Grey market premium, subscription, and listing prices can change through the day. They describe what the calendar currently shows for Shah Investor's Home Limited. They are not a forecast of the listing price and they are not a recommendation to apply or to skip the issue. This page is for education.

The written breakdown for Shah Investor's Home Limited is published on this page. Source notes point to NSE filings, public disclosures, and Lumic research.