Comprehensive Profile: Shah Investor’s Home Limited (SIHL)

 Company Overview & History

Shah Investor’s Home Limited (SIHL) is a retail-focused financial services and stockbroking firm headquartered in Gandhinagar, Gujarat. Incorporated in October 1994, the company boasts over three decades of operating history in Indian capital markets.

Operating under the brand name “Shah Investors”, the firm provides a single-window platform for financial products, serving resident Indians, Non-Resident Indians (NRIs), and High Net-Worth Individuals (HNIs).

Core Business Operations & Revenue Channels

SIHL operates across multiple financial vertices to cater to diverse investor profiles:

• Retail Equity & Derivatives Broking: The foundational engine of the business. It facilitates secondary market trading across NSE, BSE, and MCX, generating the majority of revenue from trading commissions.

• Depository Participant (DP) Services: Registered with NSDL since 1997, providing safe holding, transfer, and settlement of dematerialized equity shares.

• Margin Trading Facility (MTF): Offers leverage and funding facilities to clients against approved collateral to boost trading volumes and earn interest income.

• Third-Party Product Distribution: Operates as a mutual fund distributor registered with AMFI, alongside PMS (Portfolio Management Services) and primary market IPO distribution.

• Stock Lending & Borrowing (SLB): Provides liquidity solutions allowing long-term investors to lend securities for yield generation.

COMPANY DRHP

Shah Investor’s Home Limited IPO – Complete Details

1. Important Dates & Timetable

The IPO subscription period and listing timeline are structured as follows:

2. Key Issue Parameters & Structure

• Issue Type: Book Built Issue IPO

• Total Issue Size: ₹90.17 Crores (53,99,200 Equity Shares)

• Fresh Issue Portion: ₹90.17 Crores (100% Fresh Capital, No Offer for Sale)

• Price Band: ₹159 to ₹167 per equity share

• Face Value: ₹10 per share

• Market Lot Size: 85 Shares

• Listing Exchanges: BSE & NSE Mainboard

• Market Capitalization at Upper Band: ₹353.26 Crores

3. Investor Category Allocation & Reservation

+-------------------------------------------------------------------+
|                     TOTAL IPO ISSUE (100%)                        |
|                       ₹90.17 Crores                               |
+-------------------------------------------------------------------+
                                  |
        +-------------------------+-------------------------+
        |                         |                         |
        v                         v                         v
  QIB Reservation            Retail (RII)              NII / HNI
   (Max 50.00%)             (Min 35.00%)            (Min 15.00%)

4. Investment Categories & Calculation Matrix

The lot breakdown across retail and HNI categories based on the upper price band of ₹167 per share:

5. Company Overview & Business Model

• Incorporation: October 1994 (over 30 years of operational track record in securities broking).

• Core Offerings: Equity & derivatives brokerage, mutual fund distribution, margin trading facility (MTF), stock lending and borrowing (SLB).

• Brand Name: Operations are conducted under the brand name “Shah Investors”.

• Network & Footprint: 11 operational branches across key cities in Gujarat & Maharashtra (Mumbai, Ahmedabad, Vadodara, Rajkot, etc.) backed by 181+ authorized persons.

• Client Base: Serviced over 1,00,000 demat accounts with over 38,000 active trading clients as of March 31, 2026.

• Digital Platforms:

  • SIHL Moneymaker: Proprietary mobile application platform with over 12,400 active users.

  • ALGOFY: API-driven platform launched in FY26 for automated and algorithmic trading.

6. Objects of the Issue (Fund Utilization)

Net proceeds from the fresh capital raise will be allocated as follows:

1. Funding Working Capital Requirements: ₹60.00 Crores

2. General Corporate Purposes: Remaining balance after issue expenses

7. Financial Highlights (Restated Consolidated)

(All monetary figures in ₹ Crores except ratios)

8. Key Performance Indicators (KPIs) & Valuation Ratios

9. Shareholding Pattern

• Promoters: Upendra Trikamlal Shah, Purnima Upendra Shah, Tanmay Upendra Shah, and Trupti Utpal Shah.

10. Key Intermediaries & Lead Management

• Book Running Lead Manager (BRLM): Beeline Capital Advisors Private Limited

• Registrar to the Issue: MUFG Intime India Private Limited

• Contact Email (Registrar): shahInvestors.ipo@in.mpms.mufg.com

• Registered Office Address: 810, X-Change Plaza, DSCCSL (53E), Road 5E, Block 53, Zone 5, GIFT City, Gandhinagar, Gujarat – 382050