Shares of Shah Investor's Home opened at ₹171 on the NSE and BSE, a 2.4% premium over the ₹167 IPO price, and closed 1.8% higher in early trade. The debut attracted a 38.12‑fold subscription, with non‑institutional investors driving a 95.54‑fold demand.
The IPO, priced at ₹159–₹167, pulled in ₹90.17 crore from 14.27 crore shares bid for, valuing the company at roughly ₹353.25 crore at the upper price band. NSE data shows QIBs subscribed 28.05× and retail investors 19.26×.
Proceeds will be split: ₹60 crore earmarked for working capital, the remainder earmarked for general corporate purposes. The firm disclosed the allocation in its filing, citing liquidity needs.
Financials for FY26 reveal a 43.5% YoY drop in profit to ₹13.2 crore, down from ₹23.4 crore in FY25, while revenue fell 24.2% to ₹71.5 crore from ₹94.3 crore last year.
In a sector crowded with small‑cap brokers like SMC Global, Share India, and Arihant Capital, Shah Investor's Home manages over 1 lakh demat accounts and 38,000 active clients across 11 branches.
The company has not released a guidance for FY27 yet, but the next earnings call is scheduled for the first quarter of 2027. Analysts will focus on whether the IPO proceeds translate into margin improvement amid a tightening credit environment.