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Shah Investor's Home Ltd

Stock/ Commodity BrokersIPO
₹159 - 167
₹159 - 167

We are a retail brokering company that offers a range of services covering equity brokerage services and derivatives brokerage services, with over three decades of experience. Our services facilitate the buying and selling of financial products such as equities, IPO investing, mutual funds distribution, and other securities. While our core operations include equity and derivatives brokerage, we primarily focus on providing secondary market brokering services to retail customers, comprising both resident and non-resident Indians. In addition to executing buy and sell orders, our business extends to offering mutual fund distribution, margin funding, and stock lending and borrowing services, which are carried out under the brand name "Shah Investors".

Lot85Min Invest₹14,195Face Value₹10Issue Size₹90 CrFresh Issue₹90 CrListing Price₹171CMP₹140

Timeline

28 Sept
Bidding opens
30 Sept
Bidding closes
1 Oct
Allotment
5 Oct
Refund & demat credit
6 Oct
Listing

Subscription · As of 7:56 PM, 30 Sept

Demand by day

CategoryDay 1Day 2Day 3Now+0.50x+0.58x+26.97x28.1x+0.25x+1.34x+93.95x95.5x+0.24x+0.66x+18.36x19.3xOverall+0.31x+0.79x+37.02x38.1x

Shares & amount

CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB28.1x25.70 L7.21 Cr1,204.02NII95.5x7.71 L7.37 Cr1,230.27Retail19.3x17.99 L3.47 Cr578.68Total38.1x53.99 L20.58 Cr3,272.60
Day cells show that day's addition; Now is the running total. Amounts at the upper price band.

Reports

Offer Details

Terms

Issue Size₹90 Cr0.54 Cr shares
Fresh Issue₹90 Cr
Face Value₹10
Lot Size85 shares
ReservationQIB 50% · NII 15% · RETAIL 35%

Application Sizes

Retail₹14,1951-14 lots
sNII₹2,12,925from 15 lots
bNII₹10,07,845from 71 lots

Managers & Registrar

Lead ManagerBeeline Capital Advisors Private Limited
RegistrarMUFG Intime India Pvt Ltd

Ownership & Proceeds

Shareholding

CategoryPre IPOPost IPOPromoter Group84.34%62.81%Public15.66%37.19%

Objects of the Issue

  1. Funding working capital requirements of our Company
  2. General corporate purposes

Anchor Book

Bid Date25-Sep-2026Bid Price₹167Shares16,19,760Amount₹27 Cr30-day lock-in30-Oct-202690-day lock-in29-Dec-2026

Financials

Profit & Loss

Financial YearFY22FY23FY24FY25FY26
RevenueCr4791789471
Operating ProfitCr4993253522
OPM%103.5102.332.337.530.2
PBTCr2316243118
PATCr1813182313
EPS11811158

Balance Sheet

Financial YearFY22FY23FY24FY25FY26
Equity CapitalCr1616161616
ReservesCr8698135152164
BorrowingsCr024618
Total AssetsCr183205299303304

Cash Flow

Financial YearFY22FY23FY24FY25FY26
Operating Cash FlowCr1616110-32-20
Investing Cash FlowCr17-35-2-11-10
Financing Cash FlowCr-51-7-29
Net Cash FlowCr28-19102-45-21

Strengths & Risks

Strengths · as stated in the DRHP
  • Sizeable clientele across Gujarat.
  • Strong track record of financial performance and operating efficiency.
  • Leveraging technology to enhance client satisfaction.
  • Integrated brokerage model with long term client relationships.
  • Experienced Promoters and Management Team.
Strategies · as stated in the DRHP
  • Expand our brokerage business and geographical presence through marketing, authorised person and branch network.
  • Continue investing to augment technology and innovation.
  • Focus on improving fee-based revenue.
  • Enabling clients to access global equities.
Risks · as stated in the DRHP
  • The company's broking segment contributes 64.78%, 68.90%, and 71.60% of its revenue for the Fiscals 2026, 2025 and 2024, respectively of which a significant portion is derived from a few geographical regions in which Gujarat contributes 93.74%, 93.30% and 93.53%, respectively Any reduction in the company's revenue from broking segment could have a material adverse effect on its business, results of operations, cash flows and financial condition.
  • The company is subject to extensive statutory and regulatory requirements and supervision. Any failures to comply with applicable law or changes in the regulatory framework could result in action being initiated against the company by relevant authorities which may have a material adverse impact on its business, results of operations and financial condition.
  • The company relies heavily on its network of Authorised Persons associated with the company. Loss of a significant number of Authorised Persons, or failures to expand its network of Authorised Persons may have an adverse impact on the company's business, results of operations and financial conditions. Further, its could be liable for the lapses of the company's Authorised Persons.
  • Any failures to obtain, renew and maintain requisite statutory and regulatory permits, licenses and approvals for the company operations from time to time may adversely affect its business.
  • The company relies on the Indian exchanges for a significant portion of its business, and the company is registered with such exchanges and is subject to the rules and regulations framed by such exchanges. Any disruption in the functioning of the exchanges or a disruption to the company connection with the exchanges or failures to comply with exchange rules and regulations could have a material adverse effect on its business and results of operations.
  • The company's continued success and growth will be dependent on its ability to retain and grow the company's client base and network of Authorised Person and relationship managers. Failures to retain and augment its client base could have a material adverse effect on the company's business, financial condition and growth prospectus.
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