Financial Services - Stock Broking - Listed on 06 October 2026
Shah Investor's Home (Financial Services - Stock Broking) closed its IPO window in 2026 and listed on NSE and BSE on 06 October 2026 at an upper band issue price of Rs 167, opening at Rs 171 for a listing gain of +2.4% and closing day one at Rs 174 (+4.2% on closing basis). The IPO was subscribed 38.12x overall - QIB 28.05x, HNI/NII 95.54x, Retail 19.26x. The total issue size was Rs 90.17 Cr (Fresh Issue Rs 90.17 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Financial Services - Stock Broking
Shah Investor's Home is a retail stockbroking and financial services company providing equity and derivatives brokerage, mutual fund distribution, margin funding, securities lending and borrowing and related financial services. The company operates through a network of branches and authorised persons and had served more than 100,000 demat accounts as of March 2026.
Issue structure, listing outcome and context
The ₹90.17 crore IPO was entirely a fresh issue of 53.99 lakh shares, priced at ₹167 per share at the upper end. The shares listed on NSE and BSE at ₹171 on 6 October 2026, a 2.40% premium to the issue price, and closed at ₹174 on the listing day.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 14 | +8.40% |
| Day 2 | Rs 15 | +9.00% |
| Day 3 | Rs 14 | +8.40% |
| Day 4 | Rs 12 | +7.20% |
| Day 5 | Rs 14 | +8.10% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 6.1 pp (Reasonably accurate)
How the broader market moved around the Shah Investor's Home IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Shah Investor's Home IPO listed at +2.4% versus the upper issue price of Rs 167 on 06 October 2026.
Shah Investor's Home IPO was subscribed 38.12x overall. QIB portion was subscribed 28.05x, HNI / NII 95.54x and Retail 19.26x.
IPO GMP started at Rs 14 on Day 1 and moved to Rs 14 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.