**IPO Allotment Today: **SRIT India and Shah Investor's Home IPO allotments are expected to be finalised today, Thursday, October 1, 2026, after both issues received strong investor demand during their three-day subscription period. According to latest reports from The Economic Times, SRIT India IPO was subscribed 125.16 times overall, with the retail category at 63.70 times, QIB category at 91.84 times, and NII category at 312.99 times. The company received bids for 1,47,18,71,085 shares against 1,17,60,000 shares offered on the final day of subscription. The basis of allotment for both issues is scheduled for October 1, with the shares expected to list on NSE and BSE on October 6, 2026 at 10:00 AM. Investors can check their allotment status through the respective registrar's website or stock exchanges using their PAN or application details. As per The Economic Times, investors can check their allotment status through BSE, NSE, or Kfin Technologies platforms.
SRIT India is a ₹218.40 crore book-built issue comprising entirely fresh shares of 1.68 crore. As reported by Essential Business Intelligence, the IPO opens for subscription on September 28, 2026 and closes on September 30, 2026. The price band is set at ₹123-130 per share with a lot size of 115 shares, requiring a minimum retail investment of ₹14,950. Choice Capital Advisors serves as the book-running lead manager while KFin Technologies acts as the registrar. The allotment is expected on October 1, 2026, with the shares expected to be credited to successful investors' Demat accounts on October 5, 2026. SRIT India Ltd. is a Bengaluru-headquartered IT/ITeS solutions company providing digital solutions and automation of systems through custom application development and integration services. The company designs, implements and operates digital platforms for government entities and domestic enterprises and select overseas markets. The net proceeds will be used for capital expenditure requirements towards modernisation of existing products and redevelopment, working capital needs, inorganic growth through unidentified acquisitions and general corporate purposes. According to The Economic Times, the company has implemented large-scale, mission-critical projects for central and state government bodies across India.
SRIT India maintains strong grey market premium with ₹48 GMP as of September 30, according to InvestorGain, indicating an estimated listing price of ₹178 and expected percentage gain of 36.92% over the upper price band. Based on the latest GMP, the estimated listing price is ₹178 per share at a premium of 36.92% over the upper limit of the price band. According to latest reports from Essential Business Intelligence, the IPO's GMP has risen sharply ahead of the allotment. In contrast, Shah Investor's Home shows ₹12.5 GMP with an estimated listing price of ₹179.5 and expected percentage gain of 7.49%. The grey market premiums are unofficial indicators and neither estimated listing price is guaranteed. SRIT India has a higher estimated listing gain of 36.92% compared to Shah Investor's Home's 7.49%, representing a difference of 29 percentage points in potential returns for investors. As per The Economic Times, based on the prevailing grey market trend, SRIT India shares are expected to list at around ₹178, representing a premium of more than 36% over the IPO's upper price band of ₹130.
Shah Investor's Home opened its ₹90.17 crore IPO for subscription on September 28, 2026, targeting a valuation of ₹353.25 crore at the upper price band of ₹159-167 per share. According to latest reports from Essential Business Intelligence, the IPO was subscribed 38.12 times on the final day of bidding, receiving bids for 1.427 crore shares against 37.39 lakh shares on offer. The Retail Individual Investors (RIIs) portion was subscribed 19.26 times, while the Non-Institutional Investors (NIIs) quota was booked 95.54 times and the Qualified Institutional Buyers (QIIs) category was subscribed 28.05 times. The fresh issue comprises 53.99 lakh equity shares of face value ₹10 each, with promoter shareholding expected to decline to 62.81% from 84.34% following the issue. The company plans to use ₹60 crore of net proceeds for working capital requirements in FY2027, specifically to support its margin trading facility (MTF) working capital and margin requirements, with the remaining funds earmarked for general corporate purposes. The IPO had a price band of ₹159-167 per share with a lot size of 85 shares, requiring a minimum retail investment of ₹14,195 for one lot. As per The Economic Times, Shah Investor's Home shares are scheduled to debut on the NSE and BSE on Tuesday, October 6, 2026. Based on the prevailing grey market trend, the shares are expected to list at around ₹179.5, representing a premium of more than 7% over the IPO's upper price band of ₹167.
Shah Investors Home was incorporated in 1994 in Ahmedabad, Gujarat, and operates as a retail broking company with over 30 years of experience. The company serves more than 1 lakh demat accounts, has over 38,000 active clients and partners with more than 181 authorized persons. It operates through 11 branches across Gujarat and Maharashtra, with the company starting operations as a trading member of NSE in 1995 and becoming a depository participant in 1997. The company's margin trading service was introduced in FY2025, with its MTF book standing at ₹54.20 crore at the end of August 2026, compared with ₹20.96 crore at the end of March 2026 and ₹9.64 crore at the end of March 2025. Digital platforms accounted for 42.6% of brokerage revenue in FY2026, up from 17.6% in FY2024, with the company's SIHL Moneymaker app having more than 12,452 users by March 2026. The company has also expanded its technology offerings through its SIHL Moneymaker digital platform and ALGOFY, its API-powered algorithmic trading platform. The company had raised around ₹27.05 crore from anchor investors ahead of the IPO by allotting 16.20 lakh shares at ₹167 each.
