Business Desk- Shah Investor’s Home IPO: Today i.e. October 1 is an important day for investors investing money in Shah Investor’s Home IPO. This IPO of Rs 90.17 crore has been subscribed 38.12 times and allotment of shares is to happen today. Shares are also trading at a premium in the gray market. The current GMP is Rs 12.5, which is a premium of about 7.49% over the upper price band.
IPO subscribed more than 38 times
The IPO of Shah Investors Home came in the price band of Rs 159 to Rs 167 per share. There were 85 shares in one lot. The issue received a total subscription of 38.12 times against 37.39 lakh shares.
The most interest was shown by NII i.e. non-institutional investors. Their shares were subscribed 95.54 times. Whereas QIB category was subscribed 28.05 times and retail investors category was subscribed 19.26 times.
How to check IPO allotment status today
The allotment of Shah Investors Home IPO will take place on October 1. After the allotment is finalized, investors can check their status by visiting the website of BSE, NSE or IPO registrar MUFG Intime India.
If shares are not allotted then investors will get refund. Whereas the investors who will get shares, the shares will be credited to their demat account.
GMP indicates listing at Rs 12.5, Rs 179.5
Before allotment, shares of Shah Investors Home were trading at a premium of Rs 12.5 in the gray market. According to the upper price band of Rs 167, this is about 7.49% GMP.
According to this, there is an indication of a possible listing of around Rs 179.5 in the gray market. That means there is a possibility of a premium of more than 7% from the upper price band of the IPO.
However, GMP is only an unofficial market indicator. It does not guarantee the actual listing price of the share. This may also change till listing.
Listing on NSE-BSE on 6 October
Listing of shares of Shah Investors Home on NSE and BSE is proposed on 6 October 2026. Now investors will keep an eye on the actual listing of shares after allotment.
What does Shah Investor’s Home do?
Shah Investor’s Home Ltd. (SIHL) was established in 1994 in Ahmedabad, Gujarat. It is a retail broking company, which provides services like broking services, margin trading, depository and distribution.
The company has more than 1 lakh demat accounts and more than 38,000 active clients. More than 181 authorized persons are also associated with it.
The company has presence in Gujarat and Maharashtra. It has a total of 11 branches in different cities including Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot.