- Price band
- To be announcedNot in this filing
- Issue size
- 53,99,200 sharesFresh issue · amount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingFri, 2026
- OpensMon, 2026
- ClosesWed, 2026
- AllotmentThu, 2026
- ListingTue, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 53,99,200 shares
- Offer for sale
- None
- Total issue
- 53,99,200 shares
- Face value
- ₹10
- Listing at
- NSE, BSE
- RHP date
- 22 Sept 2026
Source: Red Herring Prospectus dated 22 Sept 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | 35% |
| Non-institutional investors (NII) | — | — | 15% |
| Qualified institutional buyers (QIB) | — | — | 50% |
Source: Red Herring Prospectus dated 22 Sept 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY2026, pre-issue- EPS (basic)
- ₹8.38
- EPS (basic) (FY2025)
- ₹14.84
- EPS (basic) (FY2024)
- ₹11.38
- RoNW
- 7.35%
- RoNW (FY2025)
- 13.91%
- RoNW (FY2024)
- 11.91%
- NAV per share
- ₹114.07
- NAV per share (FY2025)
- ₹106.7
- NAV per share (FY2024)
- ₹95.56
- Debt to equity
- 0.10
- Debt to equity (FY2025)
- 0.03
- Debt to equity (FY2024)
- 0.02
- EBITDA margin
- 30.24%
- EBITDA margin (FY2025)
- 37.46%
- EBITDA margin (FY2024)
- 32.29%
- PAT margin
- 18.24%
- PAT margin (FY2025)
- 24.76%
- PAT margin (FY2024)
- 22.69%
- ROCE
- 10.61%
- ROCE (FY2025)
- 20.35%
- ROCE (FY2024)
- 16.77%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 22 Sept 2026Updated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 202612 months | 31 Mar 202512 months | 31 Mar 202412 months |
|---|---|---|---|
| Revenue from operations | 71.48 | 94.27 | 77.82 |
| Total income | 72.40 | 94.47 | 79.05 |
| EBITDA | 21.62 | 35.31 | 25.13 |
| Profit after tax | 13.11 | 23.42 | 18.05 |
| Net worth | 179.71 | 168.09 | 150.54 |
| Reserves and surplus | 163.95 | 152.34 | 134.79 |
| Total assets | 304.44 | 302.57 | 298.76 |
| Total borrowing | 18.47 | 5.71 | 3.54 |
12 months vs 12 months: revenue −24.2%, profit after tax −44.0%.
Source: Red Herring Prospectus dated 22 Sept 2026Updated
About the company
The company is a retail stock broking firm that offers equity and derivatives broking, margin trading, depository services and distribution of mutual funds and portfolio management products. It serves retail and high net worth clients mainly through branches and authorised persons in Gujarat and Maharashtra. It also runs a mobile trading app and an API-based algo trading platform.
- Incorporated
- 1994
- Industry
- Stock Broking and Depository Services
- Sector
- Financial Services
- CIN
- U67120GJ1994PLC023257
- Website
- sihl.in
Source: Red Herring Prospectus dated 22 Sept 2026Updated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Promoters (Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah and Trupti Utpal Shah) | 60.97% | — |
Source: Red Herring Prospectus dated 22 Sept 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Funding working capital requirements of the company | 60.00 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 22 Sept 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Over three decades of operating history as a stock broker with a registered base of clients in Gujarat and Maharashtra.
- Diversified revenue lines across broking, margin trading, depository services and mutual fund distribution.
- Digital trading app and in-house ERP system support client engagement and operations.
- Margin trading book has grown significantly in recent months and the company holds sufficient eligible net worth headroom for MTF expansion.
Risks
- Broking segment accounts for about 65% of FY2026 revenue and is concentrated in Gujarat, which contributes over 93% of broking revenue.
- Brokerage income depends on trading volumes and faces constant pressure on fee levels from competitors.
- The business is subject to extensive SEBI and exchange regulation, and non-compliance could lead to penalties or licence action.
- Revenue from operations declined about 24% in FY2026 compared with FY2025.
- The proceeds of the issue have not been appraised by any bank or financial institution, and changes in fund use need shareholder approval.
Source: Red Herring Prospectus dated 22 Sept 2026Updated
Contacts
Source: Red Herring Prospectus dated 22 Sept 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 22 Sept 2026Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Shah Investor's Home IPO open and close?
According to the Red Herring Prospectus, the issue opens on Monday, 28 September 2026 and closes on Wednesday, 30 September 2026.
What is the Shah Investor's Home IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Shah Investor's Home shares list?
On NSE and BSE. The tentative listing date is Tuesday, 6 October 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Shah Investor's Home IPO allotment status?
The basis of allotment is expected to be finalised on Thursday, 1 October 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹60 Cr for funding working capital requirements of the company, and the rest for the other stated purposes.
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Spotted something wrong?
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