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Jainam Broking ₹208 ▼ 4.6% 1M
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Jainam Broking Unlisted Shares

Financial Services Stock broking IPO: DRHP filed with SEBI

Jainam Broking Limited is a Gujarat-based stock broker and financial services company, incorporated in 2003 and a member of BSE, NSE, MCX, NCDEX, MSEI and CDSL. It reported consolidated revenue from operations of ₹15,879.12 million in FY26.

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Indicative price
As of 23 Oct 2026
₹208 ▼ 4.59% in 1 month
Dealer quotes: ₹197 – ₹209 across 3 dealers
Key facts

Jainam Broking share details

Lot size
1,000 shares
Min. investment
₹208,000
Face value
₹2
Implied market cap
₹3,744 Cr
Shares outstanding
179,992,515
Founded
2003
Headquarters
GIFT City, Gandhinagar, Gujarat
Website
jainam.in
ISIN
INE0JY501027
CIN
U67120GJ2003PLC043162
Lock-in after IPO
6 months
Price history

Jainam Broking share price chart

1Y change
-21.51%
High
₹265
Low
₹208

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

IPO journey

Jainam Broking IPO status: DRHP filed with SEBI

Jainam Broking has filed its draft offer document with SEBI. SEBI reviews it before the company can launch an IPO.

  1. 7 Oct 2025
    Offer document filed with SEBI

Source: SEBI's weekly processing-status report (22 Oct 2026) lists Jainam Broking Limited.

About

About Jainam Broking

Jainam Broking Limited is a stock broking company founded in 2003 and registered in Gujarat. Its registered office is in GIFT City, Gandhinagar, and the company also operates from Jainam House in Piplod, Surat. In its annual return, all of its turnover is classified under other financial activities. The company's own account-opening paperwork lists it as a member of BSE, NSE, MCX, NCDEX and MSEI, and as a depository participant with CDSL. On the numbers, the consolidated results in the notice for the 23rd annual general meeting show revenue from operations of ₹15,879.12 million in FY26, against ₹19,902.06 million in FY25 and ₹25,702.61 million in FY24. Profit after tax was ₹4,693.25 million in FY26, ₹4682.83 million in FY25 and ₹3881.41 million in FY24. So revenue has come down for two years in a row while profit has stayed in the same range. The board has recommended a final dividend of ₹0.40 per equity share of ₹2 face value for FY26. The company is led by its promoter family. Milan Suresh Parikh is the Managing Director and has been with the company since it began in 2003. Vidhi Dishant Parikh is a Whole-time Director and the CFO, and Anal Milan Parikh is also on the board. The company has subsidiaries, and its directors also sit on the boards of group entities such as Jainam IFSC Mavens Private Limited and Jainam Finsoft Private Limited. On the IPO front, the company has filed its DRHP with SEBI. This page does not predict the issue size, price or dates. The dates and price will be known only when the company files its final offer documents. Unlisted shares of a company like this trade off the stock exchange, between private buyers and sellers through dealers. The indicative price on this page is ₹218 per share with a lot size of 1000 shares, which at 179992515 shares works out to an implied market cap of about ₹3923.84 crore. These are indicative prices, not exchange prices, and the company's financials above are as reported by the company.

Strengths

  • The company has operated since 2003 and is a member of BSE, NSE, MCX, NCDEX and MSEI, and a CDSL depository participant, which covers equity, commodity and currency segments under one roof.
  • Consolidated profit after tax stayed high even as revenue moved: ₹4,693.25 million in FY26, ₹4682.83 million in FY25 and ₹3881.41 million in FY24.
  • Consolidated revenue from operations of ₹15,879.12 million in FY26 shows a sizeable operating base, even after the fall from earlier years.
  • Profit is large compared to revenue. FY26 profit before tax was ₹6,295.74 million on revenue of ₹15,879.12 million, because expenses fell faster than revenue.
  • The board recommended a final dividend of ₹0.40 per equity share of ₹2 face value for FY26, which shows the business is generating cash that it can return to shareholders.

Risks

  • Consolidated revenue from operations fell from ₹25,702.61 million in FY24 to ₹19,902.06 million in FY25 and ₹15,879.12 million in FY26. A broker's income depends on market volumes and can swing quickly.
  • Broking income is linked to trading activity in equity and derivatives. Regulatory changes by SEBI or the exchanges on derivatives trading can reduce volumes and revenue.
  • The company is led by its promoter family, with Milan Suresh Parikh as Managing Director, so key decisions and key-person risk sit with a small group of people.
  • The company has board approval to borrow up to ₹15,000 crore, as per the AGM notice. Broking firms use borrowings for margin funding and working capital, so debt and interest costs can change with market conditions.
  • The shares are unlisted. Prices on this page are indicative and come from off-market dealers, so buying and selling can be slow and the price can differ widely from where the stock may eventually list.
  • The DRHP is filed with SEBI but approval, issue size, price and timing are not certain, and the IPO may be delayed or not happen.
  • Profit after tax of ₹4,693.25 million in FY26 is slightly above FY25 even though revenue fell, so the quality and durability of margins depend on cost control rather than growth.
Financials

Jainam Broking financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25 FY24
Revenue (₹ Cr) 1,588 1,990 2,570
PAT (₹ Cr) 469 468 388
PAT Margin (%) 29.56 23.53 15.10

Swipe the table sideways for earlier years →

Leadership

Management team

Mr. Milan Suresh Parikh
Managing Director
Founding member and promoter, associated with the company since 2003.
Mrs. Vidhi Dishant Parikh
Whole-time Director and CFO
Chartered Accountant and promoter who joined the company in 2019.
Mrs. Anal Milan Parikh
Director
Director on the board of the company.
Corporate events

Events & announcements

Event Date File
Offer document filed with SEBI SEBI
7 Oct 2025

SEBI's weekly processing-status report lists Jainam Broking Limited (Pre-filing) as received on 7 Oct 2025.

7 Oct 2025
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FAQs

Jainam Broking unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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