Shah Investor’s Home IPO fully subscribed on Day 2; check latest GMP

As per the latest business developments, The initial public offering (IPO) of Shah Investor's Home continued to see subdued investor interest on the second day of bidding, with the offering receiving 1.10 percent subscription as of 5:00 pm on September 29, as per NSE data.

The Rs 90.17-crore IPO received bids for 41,54,290 shares against 37,79,440 shares on offer. The non-institutional market participants (NIIs) category was subscribed 1.59 times, while the retail investor portion was subscribed 90 percent.

In the grey market, Shah Investor's Home shares were commanding a premium of nearly 8 percent on the morning of September 29, according to InvestorGain.

Read Additionally: SRIT India IPO subscribed over 2x so far on Day 2; GMP at 25%

That stated, the grey market premium (GMP) is an unofficial indicator and can change before stock-exchange debut. It does not guarantee the actual stock-exchange debut price or future performance of the stock.

Shah Investor's Home is looking to mobilize around Rs 90.17 crore through the IPO. The firm has set the price range at Rs 159-167 per share.

At the upper end of the price range, the firm is seeking a valuation of around Rs 353.25 crore.

The firm plans to use Rs 60 crore of the net IPO proceeds towards working capital requirements. The remaining funds will be used for general corporate purposes.

Shah Investor's Home noted a earnings of Rs 13.2 crore for the financial year ended March 2026, down 43.5 percent from Rs 23.4 crore in the previous year.

Topline additionally declined 24.2 percent year-on-year to Rs 71.5 crore in FY26, compared with Rs 94.3 crore in FY25.

Shah Investor’s Home operates in the financial services and securities market and competes with listed small-cap players such as SMC Global Securities, Share India Securities and Arihant Capital Markets.

The IPO is anticipated to see its share allotment finalised by October 1. The equity shares are scheduled to be listed on the BSE and NSE on October 6.