Shares of Shah Investor's Home made their stock market debut on the NSE and BSE today, October 6, 2026, listing at a 2.4% premium over the issue price. According to CNBC TV18, the stock was listed at ₹171 on both exchanges, representing a ₹4 premium over the issue price of ₹167. The IPO was subscribed 38.12 times overall, with 14.27 crore shares received against 37.39 lakh shares on offer. The grey market premium (GMP) had earlier suggested an estimated listing price of ₹184, though the actual listing price was slightly lower than expectations. As reported by CNBC TV18, the market capitalisation stood at ₹361.72 crore on the NSE at the time of listing.
The ₹90.17 crore IPO was entirely a fresh issue of 53.99 lakh shares with a price band fixed at ₹159-167 per share. According to CNBC TV18, the public issue opened for subscription on September 28, 2026, and closed on September 30. The retail portion was subscribed 19.26 times, while the QIB (Ex Anchor) and NII portions were subscribed 28.05 times and 95.54 times respectively. The basis of allotment was finalised on October 1, with shares scheduled to list on both exchanges on October 6, 2026. The company fixed the final issue price at ₹167 per share with an IPO lot size of 85 shares, making the minimum investment for retail investors ₹14,195. The subscription was mainly led by Non-Institutional Investors (NIIs), followed by Qualified Institutional Buyers (QIBs), as reported by CNBC TV18.
As reported by The Economic Times, Shah Investor's Home has steadily expanded its technology capabilities, including its app-based platform "SIHL Moneymaker", which had over 12,452 active registered users as of March 31, 2026, and its API-powered algorithmic trading platform "ALGOFY", launched in FY26. The company operates an in-house ERP system across its branches and franchises, with 167 permanent employees as of July 31, 2026, focusing on building long-term client relationships while expanding its retail and HNI customer base. CNBC TV18 reports that 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. Shah Investor's Home is a retail brokering firm that provides various services covering equity broking and derivatives broking, with over 30 years of experience. Its services facilitate the buying and selling of financial products such as mutual fund distribution, equities, IPO investing and other securities.
According to CNBC TV18, Beeline Capital Advisors Pvt. Ltd. was the book-running lead manager to the issue, while MUFG Intime India Pvt. Ltd. acted as the registrar. The IPO lot size of 85 shares represents the minimum investment requirement for retail participation in the public offering. The grey market premium had earlier suggested an estimated listing price of ₹184, though the actual listing price was slightly lower at ₹171. 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. The company expects to receive benefits of listing including enhanced visibility and brand image, and creating a public market for its equity shares in India.
According to CNBC TV18, 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. 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. The company 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.
Investors who received the Shah Investor's Home IPO allotment made ₹340 per lot, taking the value of their investment to ₹14,535 as per the listing price on the NSE. A lot consists of 85 shares and costs ₹14,195. The company's stock started trading at ₹171 per share, rising 2.40% from the issue price on both exchanges. At the upper end of the price band, the company was valued at around ₹353.25 crore. The strong subscription levels across all categories - with QIBs at 28.05 times, NIIs at 95.54 times, and retail investors at 19.26 times - indicate robust investor confidence in the retail broking firm's growth prospects.
