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Shah Investor's Home IPO Review

Shah Investor's Home IPO has been reviewed by 7 analysts, and the overall consensus is Avoid — carrying a score of 34. Out of the 7 analysts who have covered this IPO, 2 recommend subscribing while 5 advise caution or avoidance — reflecting a cautious view from the analyst community.

The issue is priced in the band of ₹159-167 per share, with a minimum application size of 85 shares (minimum investment of approximately ₹14,195 at the upper band). Subscription ran from 28 Sep 2026 to 30 Sep 2026. The issue size is ₹90 crore, entirely a fresh issue. As of now, the grey market premium (GMP) for Shah Investor's Home IPO is quoting at ₹17 (10.18%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
34/ 100
Avoid 2 of 7 recommend subscribing
How analysts voted
Apply 2
May apply 1
Avoid 4

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

The company is a Gujarat-focused retail stockbroker with over three decades of history, also offering margin trade funding, depository and wealth services. It has 38,189 active clients, 11 branches and 181 authorised persons. FY26 was weak: income fell to ₹72.40 crore from ₹94.47 crore and profit dropped 44% to ₹13.11 crore. Of the five analysts, three said avoid and two said subscribe.

Listing gains

At ₹167 the notes put the market cap near ₹353 crore. The P/E is quoted between about 20 and 27 times FY26 earnings, depending on pre- or post-issue EPS, and about 15 times on three-year average earnings. Listed peers are cited at roughly 13 to 26 times. Most notes find limited valuation comfort after the profit fall, which pointed to a muted listing.

Short-term strategy

The entire ₹90 crore issue is fresh. One note says about ₹60 crore goes to working capital and expanding the margin trade funding book, which reached ₹21 crore in FY26. Operating cash flow was negative in FY26 and borrowings rose to ₹18.47 crore. The avoid calls rest on the weak earnings trend and negative cash flow, while the subscribe calls see reasonable value.

Long-term strategy

Analysts credit long client relationships, with about 72% of active clients staying over five years, and a growing digital and margin funding business. The key risk is concentration: broking gives about 65% of revenue and Gujarat about 94% of brokerage revenue. Earnings also depend on market trading volumes. The long-term case in the subscribe notes rests on diversifying beyond regional broking.

How this is written: an AI-assisted summary of the 7 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Shah Investor's Home IPO?

The analyst consensus for Shah Investor's Home IPO tracked on this page is Avoid, with a score of 34/100. Out of 7 analysts who have reviewed this IPO, 2 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 34 mean for Shah Investor's Home IPO?

The score of 34 is an aggregate of all analyst ratings tracked for Shah Investor's Home IPO. A score in this range signals that most analysts are advising caution or outright avoidance. Read the individual analyst verdicts above for more context.

What was the actual listing price of Shah Investor's Home IPO?

Shah Investor's Home IPO listed on October 6, 2026 at ₹171, against the issue price of ₹167 — a gain of +2.4% (₹4 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Shah Investor's Home IPO?

Shah Investor's Home IPO was priced at ₹159-167 per share. The minimum lot size is 85 shares, making the minimum investment approximately ₹14,195 at the upper end of the price band. Subscription ran from 28 Sep 2026 to 30 Sep 2026.

Explore Shah Investor's Home IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Shah Investor's Home IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Avoid
Score
34 / 100
Listed at
₹171
Full IPO details
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