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Shah Investor's IPO Subscribed 7% on Day 1; GMP Shows Promising Listing Gain
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Moneycontrol•28-09-2026, 13:48
Shah Investor's IPO Subscribed 7% on Day 1; GMP Shows Promising Listing Gain
- •Shah Investor's Home IPO, aiming to raise Rs 90.17 crore, was subscribed 7 percent on its first day, with demand for over 2.75 lakh shares against 37.79 lakh offered.
- •The retail portion saw 11 percent subscription, while Non-Institutional Investors (NIIs) booked 7 percent of their quota.
- •Grey Market Premium (GMP) for Shah Investor's IPO indicates a potential listing gain of up to 7 percent, with some platforms quoting Rs 12 per share.
- •The company seeks a valuation of Rs 353.25 crore at the upper end of its Rs 159-167 per share price band.
- •Net IPO proceeds of Rs 60 crore will fund working capital, despite a 43.5% profit decline and 24.2% revenue drop in the last fiscal year.
Key Questions Answered
Shah Investor's IPO was subscribed 7 percent on the first day of bidding, receiving demand for over 2.75 lakh shares against 37.79 lakh shares on offer. Tracking platforms indicate a grey market premium (GMP) of up to 7 percent, with Investorgain quoting a GMP of Rs 12.
The initial public offering has a price band of Rs 159 to Rs 167 per share and aims to raise approximately Rs 90.17 crore. The share allotment is expected to be finalized by October 1, and the shares are scheduled to list on the bourses on October 6.
The company intends to allocate Rs 60 crore of the net IPO proceeds towards fulfilling its working capital requirements. The remaining funds generated from the public offering will be earmarked for general corporate purposes.
