Shah Investor’s Home is scheduled to open its IPO on September 28, 2026, with a ₹159–167 price band. The retail broker plans to direct ₹60 crore towards working capital, making the financing needs of the business a central issue for readers assessing the offer.

The bid window runs through September 30. This report was prepared before the opening session and contains no live subscription claim.

Offer size, lot and proposed listing

The Share India issue page lists an 85-share lot. That equals ₹13,515 at the lower band and ₹14,195 at the upper band. The offer comprises 53,99,200 fresh shares; multiplying the share count by ₹167 gives gross proceeds of ₹90.16664 crore, rounded to ₹90.17 crore, before expenses.

NSE and BSE listings are proposed. The broker’s calendar gives October 1 for allotment and October 6 for listing, both expected dates rather than completed events.

Why the working-capital allocation matters

The SEBI-hosted abridged prospectus sets out the ₹60 crore working-capital allocation and general corporate purposes. There is no selling-shareholder component. The company provides broking and related services, including margin funding.

CapKet analysis: New funding can support a broker’s operating capacity, but more available capital does not itself establish stronger client activity or higher earnings. Readers should examine how funds will be used and how the resulting business performs through different market conditions.

FY2026 earnings provide important context

The filing reports consolidated operating revenue of ₹71.48 crore for FY2026, versus ₹94.27 crore a year earlier. Profit after tax was ₹13.20 crore, down from ₹23.39 crore. Operating cash flow was negative ₹19.70 crore.

Its risks include reliance on broking revenue, geographic concentration, regulatory obligations and working-capital requirements. These disclosures deserve attention alongside the application timetable; the size of the IPO is not a measure of investment quality.

How to follow the offer

MUFG Intime India is the registrar. Use the RHP filing and subsequent official announcements to check the final terms. Demand figures should be assessed only after bidding begins. This article supplies no unofficial grey-market target or assured listing gain and is not advice to apply.