Shah Investor's Home shares made their stock market debut on October 6, 2026, trading at a 2.4% premium over the issue price on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This initial public offering (IPO) raised ₹90.17 crore through a fresh issuance of 53.99 lakh equity shares, with no offer for sale (OFS) component. Investors who received allotments in the IPO earned ₹340 per lot, highlighting the strong investor demand for the company's shares.
- The IPO was subscribed 38.12 times overall.
- Qualified Institutional Buyers (QIBs) subscribed 28.05 times.
- Non-Institutional Investors (NIIs) subscribed 95.54 times.
- Retail investors subscribed 19.25 times.
- Each lot consists of 85 shares, costing ₹14,195 at the issue price.
- Listing price was ₹171 per share, generating a gain of ₹340 per lot.
What is Shah Investor's Home and what services does it offer?
Shah Investor's Home is a retail brokering firm with over 30 years of experience in the financial services industry. The company provides a range of services including equity broking, derivatives broking, mutual fund distribution, IPO investing, and other securities trading. Its platform facilitates buying and selling of various financial products, catering primarily to retail investors.
How was the IPO structured and what was the price band?
The IPO consisted solely of a fresh issue of 53.99 lakh equity shares, with no shares offered for sale by existing shareholders. The price band was set between ₹159 and ₹167 per share. The company aimed to raise ₹90.17 crore through this offering. Funds raised are planned to be used for working capital needs and general corporate purposes, with ₹60 crore specifically allocated for working capital.
How did the market respond to the IPO subscription?
The IPO saw strong demand across all investor categories. Overall subscription was 38.12 times the shares available. Qualified Institutional Buyers (QIBs) subscribed 28.05 times, Non-Institutional Investors (NIIs) subscribed 95.54 times, and retail investors subscribed 19.25 times. This high level of subscription reflects robust market interest and confidence in the company’s business model and growth prospects.
What were the gains for investors on listing day?
The shares were allotted at the issue price of ₹167 per share and listed at ₹171 on the NSE and BSE, representing a 2.4% premium. Since each lot contains 85 shares, the cost per lot at issue price was ₹14,195. With the listing price, the value per lot increased to ₹14,535, resulting in a gain of ₹340 per lot for investors who received allotments.
What benefits does Shah Investor's Home expect from listing?
According to the company's red herring prospectus, listing on the stock exchanges is expected to enhance the company's visibility and brand image. It will also create a public market for its equity shares in India, potentially attracting more investors and improving liquidity. These factors are important for the company’s future growth and expansion plans.
Frequently Asked Questions
Q: What is the lot size for Shah Investor's Home IPO?
A: Each lot consists of 85 shares.
Q: How much did the IPO raise?
A: The IPO raised ₹90.17 crore through a fresh issue of shares.
Q: Was there an offer for sale (OFS) in this IPO?
A: No, the IPO was only a fresh issuance of shares with no OFS component.
Q: What was the subscription level of the IPO?
A: The IPO was subscribed 38.12 times overall.
Q: How much gain did investors make on listing day?
A: Investors made ₹340 per lot based on the listing price of ₹171 per share.
