Shah Investor's Home Lists at ₹171 with 2.5% Premium

Shares of Ahmedabad-headquartered retail brokerage and financial services firm Shah Investors Home Limited officially made their debut on the BSE and the National Stock Exchange (NSE) on Tuesday, October 6, 2026. Against the upper price band threshold of ₹167 per share, the company's equity shares commenced trading on the BSE at ₹171 per share, delivering an initial listing premium of approximately 2.4% to 2.5% to allotment holders. The measured listing performance comes on the heels of robust demand witnessed during the bidding window, where the initial public offering (IPO) registered an impressive overall subscription of 38.12 times. National Stock Exchange bidding data revealed that investors submitted bids for more than 14.27 crore equity shares against the net offer size of 37.39 lakh shares on offer.

Category-Wise Breakdown: High-Net-Worth Bidders Lead Demand With 95x Subscription

The public issue witnessed strong traction across institutional, high-net-worth, and retail investor categories throughout its book-building cycle:

• Non-Institutional Investors (NIIs): The high-net-worth segment spearheaded the issue demand, subscribing an overwhelming 95.54 times their allocated quota.

• Qualified Institutional Buyers (QIBs): Institutional asset managers and funds showed steady interest, subscribing their reserved tranche 28.05 times.

• Retail Individual Investors (RIIs): Retail retail participants oversubscribed their portion 19.26 times.

The IPO had set its price band between ₹159 and ₹167 per equity share, with a minimum lot size pegged at 85 shares, requiring a base retail investment of ₹14,195 at the cut-off price. Structured entirely as a fresh issue of 53.99 lakh equity shares aggregating to ₹90.17 crore at the upper end of the band, the offering contained no Offer for Sale (OFS) component, directing the entirety of net proceeds into the company's corporate expansion plans and working capital reserves.

Operational Legacy: Ahmedabad-Based Brokerage Expands Footprint Across Western India

Founded in Ahmedabad in 1994, Shah Investors Home has built a three-decade operational track record as a full-service retail stockbroking, depository participant, and financial product distribution firm. The company’s core service portfolio encompasses secondary equity trading, derivative broking, margin trading facilities (MTF), demat custodial services, mutual fund distribution, and third-party financial products. With a dense operational network focused on Gujarat and Maharashtra, the brokerage operates branch offices across key commercial centers including Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar, and Rajkot. Backed by an active network of over 100,000 registered demat accounts and more than 38,000 active transacting clients, the newly listed entity aims to leverage its public listing to scale its physical wealth branch network and upgrade digital retail trading infrastructure.