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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding incremental working capital requirements
Allocation toward expanding the company's margin trading facility portfolio and supporting day-to-day operational liquidity requirements.
General corporate purposes
Allocated toward general business expansion, operational enhancements, and corporate strategic initiatives.
(₹ in Crore)
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Incorporated in October 1994 as Shah Investors Home Private Limited and converted into a public limited entity in 2000, Shah Investor's Home Limited (SIHL) is a well established retail broking and financial services firm headquartered in Ahmedabad, Gujarat. Operating as a registered member of both the National Stock Exchange (NSE) and BSE, the company offers a comprehensive suite of financial products and services including equity and derivatives brokerage, depository services, mutual fund distribution, margin trading facility (MTF), and stock lending and borrowing (SLB). The company operates a hybrid service delivery model that combines physical branch infrastructure with digital trading and investment applications. Its digital platform includes proprietary solutions such as SIHL Moneymaker for online equity and derivatives trading alongside SIHL Fundspro for mutual fund investments. The physical branch network comprises 11 operational offices across key commercial locations in Gujarat and Maharashtra, including Ahmedabad, Mumbai, Vadodara, Rajkot, Junagadh, and Gandhinagar, supported by a growing network of over 180 registered authorized persons. Catering to over 100,000 demat account holders and more than 37,800 active trading clients, Shah Investor's Home serves a wide client base spanning retail individual investors, high net worth individuals (HNIs), and non resident Indians (NRIs). The firm focuses on expanding its margin funding portfolio and digital client onboarding capabilities while maintaining dedicated localized support across its primary western Indian markets.
The company raised approximately Rs 27.05 crore from anchor investors on September 25, 2026, allocating 16,19,760 equity shares at the upper price band of Rs 167 per share. Key participants included Anubhuti Value Trust, Gagandeep Credit Capital, Compact Structure Fund, and Sunrise Investment Trust.
Source: RHP • Analysis provided for informational purposes
Last Updated: 3 October 2026, 1:33 PM
Established presence in retail financial services
The company has operated in the retail broking sector since 1994, building a strong reputation and client base across Western India over three decades.
Comprehensive service offerings
Provides a wide array of products including equity broking, derivatives, mutual fund distribution, depository services, margin funding, and securities lending.
Integrated physical and digital distribution network
Combines a network of 11 regional branches and over 180 authorized persons with proprietary trading and investment platforms like SIHL Moneymaker.
Low leverage and conservative financial management
Maintains minimal long-term debt obligations, which helps protect operating profitability from rising finance expenses.
Dependence on capital market activity and trading volume
Revenue generation is closely tied to equity market volumes and investor sentiment, making financial performance cyclical and volatile.
Competition from discount brokers and financial technology firms
Faces ongoing fee pressure and market share competition from tech-driven brokerage platforms with zero or low commission structures.
Regional concentration of business operations
A significant majority of client relationships and branch infrastructure are concentrated in Gujarat and Maharashtra, exposing the firm to regional risks.
Shah Investor's Home Limited
810, X-Change Plaza, DSCCSL (53E), Road 5E, Block 53, Zone 5, Gift City, Gandhinagar, Gujarat - 382050
View on Maps →MUFG Intime India Private Limited
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