The initial public offering (IPO) was open for subscription from September 28 to September 30 and received bids for around 14.27 crore shares against 37.39 lakh shares on offer, translating into an overall subscription of 38.12 times, according to NSE data.
The non-institutional investors (NII) category saw the strongest demand, with the portion subscribed 95.54 times. The qualified institutional buyers (QIBs) portion was subscribed 28.05 times, while the retail individual investors (RIIs) category was subscribed 19.26 times.
Shah Investor’s Home raised around ₹90.17 crore through the IPO after fixing the price band at ₹159–167 per share. At the upper end of the price band, the company was valued at around ₹353.25 crore.
The company plans to utilise ₹60 crore of the net IPO proceeds towards working capital requirements, with the remaining funds earmarked for general corporate purposes.
Financial performance
Shah Investor’s Home reported a 43.5% year-on-year decline in profit to ₹13.2 crore in FY26 from ₹23.4 crore in FY25.
Revenue also declined 24.2% year-on-year to ₹71.5 crore from ₹94.3 crore in the previous financial year.
About the company
Shah Investor’s Home operates in the financial services and securities market and competes with listed small-cap players such as SMC Global Securities, Share India Securities and Arihant Capital Markets.
The retail brokerage firm has served more than 1 lakh demat accounts and has over 38,000 active clients. It also has partnerships with more than 181 authorised persons and operates through 11 branches.
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