Ahmedabad, September 2026 ( TGN ): Shah Investors Home Limited (SIHL), a retail broking company incorporated in 1994, is strengthening its integrated financial services platform with a focus on digital transformation, margin trading facilities (MTF), distribution of financial products and deeper customer engagement.
With over three decades of experience in the financial services industry, SIHL provides equity and derivatives brokerage, IPO investing, mutual fund distribution, depository services, margin trading facilities and stock lending and borrowing services. The company caters primarily to retail customers, including resident and non-resident Indians.
As of March 2026, the company has served more than 100,000 demat accounts, with over 38,189 active clients and a network of more than 180 authorised persons. SIHL operates through 11 branches across Mumbai, Ahmedabad, Vadodara, Junagadh, Gandhinagar and Rajkot.
Digital transformation remains a key growth focus
SIHL has invested in its proprietary digital platforms, including SIHL Moneymaker and SIHL Fundspro, aimed at enhancing customer acquisition, operational efficiency and digital engagement.
The company reported more than 12,452 active trading clients on SIHL Moneymaker. Its active-client base has also demonstrated strong customer retention, with more than 72% of active clients having a relationship with the company for over five years.
Expanding beyond traditional broking
SIHL has developed an integrated financial services model covering brokerage, depository services, MTF and distribution of financial products.
The company is registered with AMFI for mutual fund distribution and APMI for distribution of third-party Portfolio Management Services. It also intends to expand its cross-selling and distribution of products including equity mutual funds, third-party PMS schemes and AIF products. The company has obtained SEBI registration for its own Category III AIF, SIHL Dynamic Growth Fund.
The company’s Mutual Fund Assets Under Distribution increased from ₹37.53 crore in FY24 to ₹54.38 crore in FY26, while its average daily turnover stood at ₹179.75 crore in FY26.
Shah Investor’s Home Limited’s Proposed Initial Public Offering
Price Band: ₹159 – ₹167 per Equity Share bearing face value of ₹10 each (“Equity Shares”).
Bid/Issue Opening Date: Monday, September 28, 2026.
Bid/Issue Closing Date: Wednesday, September 30, 2026.
Anchor Investor Bidding Date: Friday, September 25, 2026.
Minimum Bid Lot: 85 Equity Shares and in multiples of 85 Equity Shares thereafter.
The Floor Price is 15.90 times the face value of the Equity Shares and the Cap Price is 16.70 times the face value of the Equity Shares.
Issue Size: 53,99,200 Equity Shares, comprising entirely of a Fresh Issue.
MTF emerges as an important growth avenue
The company has identified its Margin Trading Facility book as a significant growth area.
The company expects growth in its MTF book to support higher trading turnover and contribute to interest and brokerage income.
Financial performance
For FY26, SIHL reported revenue from operations of ₹7,147.67 lakh, compared with ₹9,427.39 lakh in FY25. EBITDA stood at ₹2,161.60 lakh, while profit for the year attributable to owners was ₹1,320.22 lakh. The company reported an EBITDA margin of 30.2% and a PAT margin of 18.24% in FY26.
The company’s FY26 revenue mix included ₹4,630.20 lakh from brokerage income, ₹119.27 lakh from depository services, ₹222.58 lakh from interest income from MTF and ₹2,175.62 lakh from other revenue from operations which forms part of revenue from operations and primarily includes interest income, dividend income, rental income.
The company maintained a relatively low debt-to-equity ratio of 0.10 in FY26, compared with 0.03 in FY25 and 0.02 in FY24.
Regional presence and established customer base
SIHL has a strong geographic presence in Gujarat and Maharashtra, with 93.74% of its broking income in FY26 derived from Gujarat, according to the company RHP.
The company also highlights its long-standing brand presence, customer relationships and promoter and key management experience as important elements of its business platform.
IPO proceeds to support working capital
As outlined in the RHP, the company has proposed utilisation of ₹6,000 lakh towards working capital, with an additional allocation towards general corporate purposes.
With its established retail franchise, digital platforms and expanding portfolio of financial services, Shah Investors Home Limited is positioning itself to further develop its technology-led broking and financial distribution ecosystem while expanding its MTF and cross-selling businesses.
About Shah Investors Home Limited
Shah Investors Home Limited, incorporated in 1994, is a retail broking and financial services company offering equity and derivatives brokerage, depository services, MTF, IPO investing, mutual fund distribution and other securities-related services. The company operates through proprietary digital platforms including SIHL Moneymaker and SIHL Fundspro and has a presence across key markets in Gujarat and Maharashtra.
Source: Company RHP Shah Investors Home Limited; financial information for FY24–FY26 as provided in the document.
