About Shah Investor's Home IPO
The Shah Investor's Home IPO is a book‑built issue comprising only a fresh issue worth up to 54 lakh equity shares with a face value of ₹10 per share. The company filed its DRHP with SEBI on Sep 29, 2025.
The price band and official dates of subscription and listing will be announced by the company later, but the equity shares are proposed to be listed on the BSE and NSE platforms. The book-running lead manager is Beeline Capital Advisors Private Ltd., while the registrar to the issue is MUFG Intime India Private Ltd.
Company Background
Shah Investor’s Home Ltd. was incorporated on October 12, 1994, as a private limited company. It converted to a public limited company at the beginning of 1995 and adopted its current name on October 13, 2000.
The company has developed into a financial services center in Ahmedabad. Its registered office is at Gift City, Gandhinagar, Gujarat, a key financial hub, reflecting its viability over 30+ years of operations.
Operations & Product Range
Shah Investor's Home Ltd. provides diversified financial services including retail stock brokerage, depository services as an NSDL agent, and distribution of mutual funds. It also offers margin trading facilities (MTF) to clients for leveraging their stock holdings.
As of FY25, the company had 37,814 active clients and leverages technology platforms such as the SIHL Fundspro app to deliver mutual fund advisory and distribution services efficiently.
Facilities & Capacity
The corporate office is located at SIHL House, Ahmedabad, Gujarat. Additional office space has been acquired in Chandkheda, Ahmedabad, and Pethapur, Gandhinagar, along with multiple branch offices and associates to support its growing client base.
Brands & Market Presence
The company operates under its main brand "Shah Investor's Home Ltd." Its client base is concentrated in India, especially in Gujarat. Being a member of major stock exchanges like BSE and NSE, it has the necessary certifications and authorizations to provide a full range of brokerage and intermediary financial services.
Revenue Streams & Business Model
Revenue primarily comes from brokerage on trading and distribution of equity shares, mutual fund distribution fees, and high returns from its margin trading facility, which had a book size of ₹964.22 lakhs as of March 31, 2025.
The business model focuses on providing value-added services to retail investors while diversifying across segments of the financial value chain.
Management & Shareholding
Promoters include Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah, and Trupti Utpal Shah. Before the IPO, the promoters held 100% equity; post-IPO, shareholding will be diluted, though the majority remains with promoters.
Board & Key Management
The Board is led by Upendra Trikamlal Shah (Chairman and Full-Time Director). The executive team includes Tanmay Upendra Shah (MD & CFO), Trupti Utpal Shah (Full-Time Director), and CS Hiral Bhawsar. Independent directors Darshan Bharatbhai Patel and Abhinav Mahesh Kapadia provide governance oversight.
Shah Investor's Home IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 per Equity Share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Issue (No Offer for Sale) |
| Total Issue Size | Up to 54,00,000 Equity Shares |
| Fresh Issue(Ex Market Maker) | Up to 54,00,000 Equity Shares |
| Issue Type | 100 % Book Built Issue |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | [.] |
Shah Investor's Home IPO Financial Information
Latest Revenue
94.47
₹ Crore
Profit After Tax
23.39
₹ Crore
Net Worth
169.06
₹ Crore
Total Borrowing
5.71
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| FY 2024-25 | 302.57 | 94.47 | 23.39 | 169.06 | 152.34 | 5.71 | |||
| FY 2023-24 | 298.76 | 79.05 | 17.93 | 151.49 | 134.79 | 3.54 | |||
| FY 2022-23 | 211.87 | 52.33 | 7.63 | 118.11 | 101.71 | 8.03 | |||
| Amount in ₹ Crore | |||||||||
Shah Investor's Home Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 13.83% |
| ROCE | 18.42% |
| Debt/Equity | 0.03x |
| PAT Margin | 24.75% |
| EBITDA Margin | 37.38% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ₹14.84 | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
The company intends to use the proceeds of the Shah Investor's Home IPO for:
- • Funding the working capital requirement
- • General corporate purposes
Conclusion
The Shah Investor's Home IPO is an opportunity to institutionalize the business and increase capital. With 30+ years of experience, a loyal client base, and strategic presence in Gujarat, the company is positioned to grow its integrated financial services and leverage technology to meet rising retail investor demand in India.
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Competitive Strengths
Long-term relationships, with 27,564 of its clients having been with the company for more than 5 years
An integrated solution provider for investors, with its own app designed to meet the requirements of investors
The registered office's strategic location in Gift City, Gandhinagar, places it in the country's first International Financial Services Centre
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 29/09/2025 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
Shah Investor's Home IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | — | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | — | Up to ₹2,00,000 |
| S-HNI (Min) | 14-15 | — | Over ₹2,00,000 |
| S-HNI (Max) | 66-70 | — | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | — | Over ₹10,00,000 |