Stock broking firm Shah Investor's Home’s Rs.90-Cr IPO subscribed 38x

The initial public offering (IPO) of Ahmedabad-based Shah Investor's Home received a total subscription of 38.12 times. The retail category was subscribed 19.26 times, while the qualified institutional buyer (QIB) and non-institutional investor (NII) categories were subscribed 28.05 times and 95.54 times, respectively.Shah Investor's Home operates as a book-building issue with a face value of INR 10 per share and a price band set between INR 159 and INR 167 per share. The company aimed to raise INR 90.17 Cr.Shah Investor's Home is a retail stockbroking and financial services firm that facilitates equity trading, derivatives broking, and wealth management. Established in 1994 and based primarily in Gujarat and Maharashtra, the company provides traditional and digital investment services for resident and non-resident Indian (NRI) retail clients.