Shah Investor's Home IPO opens today. Check GMP, price band and other key details

Shah Investor's Home IPO opens for subscription today, September 28, 2026, giving investors a three-day window to bid. In the grey market, the IPO is currently commanding a 5% premium, indicating that the shares are being quoted above the upper end of the issue price band ahead of listing.

Shah Investor's Home IPO is a book-built issue worth Rs 90.17 crore and comprises an entirely fresh issue of 53.99 lakh shares. The IPO will remain open for subscription until September 30, 2026. The basis of allotment is expected to be finalised on October 1, while the shares are tentatively scheduled to list on the NSE and BSE on October 6, 2026.

The company has fixed the IPO price band at Rs 159 to Rs 167 per share. The lot size is 85 shares, with retail investors required to invest a minimum of Rs 14,195, based on the upper end of the price band.


Beeline Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is the registrar.

Shah Investor's Home IPO GMP today

The latest available grey market premium (GMP) for Shah Investor's Home IPO stands at Rs 9, or around 5%, over the upper price band of Rs 167 per share. Based on the current GMP, the estimated listing price is around Rs 176 per share.

It is important to note that the grey market premium is an unofficial indicator and can change before the shares are listed. It should not be considered a guarantee of the actual listing price.

Objects of the issue

The company proposes to utilise the net proceeds from the IPO primarily towards funding its working capital requirements, for which it has allocated Rs 60 crore.

The remaining proceeds are proposed to be used for general corporate purposes, including meeting the company's general business and operational requirements.

Financial performance

Shah Investor's Home Ltd.'s total income declined 23%, from Rs 94 crore in FY25 to Rs 72 crore in FY26. The decline came as the company's revenue moderated during the financial year ended March 31, 2026.

Profit after tax (PAT) fell 44%, from Rs 23 crore in FY25 to Rs 13 crore in FY26. As a result, the company reported a decline in both income and profitability in FY26 compared with the previous financial year.

About Shah Investor's Home

Incorporated in October 1994, Shah Investor's Home Limited is a retail broking company offering a range of financial services and has more than three decades of experience in the securities market. The company primarily provides equity and derivatives brokerage services, facilitating transactions in equities, IPOs and other securities for retail customers, including resident and non-resident Indians.

Alongside its core brokerage business, the company offers mutual fund distribution, margin funding, and stock lending and borrowing (SLB) services under the “Shah Investors” brand. As of March 31, 2026, the company had more than 1 lakh demat accounts, over 38,000 active clients and a network of more than 181 authorised persons.

The company operates through 11 branches across Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot. Its branch and authorised-person network primarily serves customers across Gujarat and Maharashtra. Shah Investor's Home began operations as a Trading Member of the National Stock Exchange of India Ltd. in 1995 and registered as a Depository Participant with NSDL in 1997. As of July 31, 2026, the company had 167 permanent employees across functions including accounts, compliance, demat, helpdesk, research, IT, MTF and SLB, sales, trading and other operations.

Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here