Inox Clean Energy Limited files DRHP with SEBI for Rs. 10,000 Crore IPO, set to be the largest in the Indian private sector renewable energy space

Inox Clean Energy Limited files DRHP with SEBI for Rs. 10,000 Crore IPO, set to be the largest in the Indian private sector renewable energy space

DRHP Link: https://www.nuvama.com/wp-content/uploads/2026/09/Inox-Clean-Energy-Limited-DRHP.pdf.

  

Inox Clean Energy Limited, part of the broader INOXGFL Group and a leading integrated renewable energy platform, has filed its DRHP with SEBI for an IPO.

The IPO of total issue size aggregating up to Rs. 10,000 Crore comprises of a fresh issue of up to Rs. 8,000 Crore and an offer for sale of up to Rs. 2,000 Crore by the selling shareholder.

Devansh Jain And Avarna Jain are the promoters of the company.

The proceeds from the fresh issue will be utilised towards repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company and/or certain of its Subsidiaries (direct and indirect); and general corporate purposes.

Inox Clean Energy Limited is an integrated renewable energy platform with two principal business verticals, its renewable power generation business, which it undertake as an independent power producer the “IPP Business”, comprising an aggregate renewable IPP portfolio of 9.29 GW across India and Africa, of which 2.37 GW is operational and approximately 0.80 GW is under construction, 2.99 GW is pipeline capacity and 3.13 GW is future capacity, as of August 31, 2026. Its solar manufacturing business, under which it currently manufacture solar photovoltaic (PV) modules, with solar cell manufacturing capacity under construction in India and the United States, with an aggregate operational solar module manufacturing capacity of 6.00 GW across India and the United States, as of August 31, 2026. 

It is among the top 10 Indian renewable IPP platforms and, on a fully commissioned basis, among the top 10 Indian integrated solar PV module and cell manufacturing players, as of August 31, 2026, as per CRISIL Report. Company’s IPP Business comprises the development, acquisition, ownership and operation of renewable power generation assets, while the Solar Manufacturing Business comprises the manufacturing of PV modules for the renewable energy market, with backward integration into solar cell manufacturing currently under development.

In the IPP Business, It is the fastest scaled-up platform in India, having reached 2.37 GW of operational capacity within the past 1.5 years, since April 2025, through an active acquisition-led strategy, as per CRISIL Report.

The company represent a differentiated dual-engine renewable energy platform, uniquely combining scalable manufacturing revenues from its Solar Manufacturing Business with long-term annuity cash flows from its IPP Business, as per CRISIL Report. The company is one of the leading and among the few Indian-origin renewable energy platforms with an operational presence across three continents, operating renewable power generation platforms across India and, through SkyPower MENA, Africa, and its solar manufacturing facilities across India and the United States of America, as per CRISIL Report.

The Company is part of the broader INOXGFL Group, a diversified industrial group with businesses across chemicals and renewable energy and three listed entities in India, namely Gujarat Fluorochemicals Limited, Inox Wind Limited and Inox Green Energy Services Limited. The renewable energy platform benefits from the integrated capabilities of the INOXGFL Group ecosystem, spanning solar module manufacturing to IPP power generation, with access to wind turbine generators through Inox Wind Limited, engineering, procurement and construction capabilities through Inox Renewable Solutions Limited and renewable energy operations and maintenance through Inox Green Energy Solutions Limited, which as of August 31,2026 serviced O&M for 0.53 GW of its aggregate operational IPP capacity of approximately 2.37 GW.

It undertakes the IPP Business in India through Inox Neo Energies Limited and in Africa through SkyPower Services MENA Limited which is company’s venture with Arctic International Private Limited, its strategic partner. The company undertakes Solar Manufacturing Business in India through Inox Solar Limited while the solar module manufacturing operations in the United States are conducted through Inox Solar Americas LLC, a wholly owned subsidiary of Amura Renewables Private Limited.

Nuvama Wealth Management Limited, CLSA India Private Limited, Emirates NBD Capital India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), JM Financial Limited, Motilal Oswal Investment Advisors Limited, and UBS Securities India Private Limited are the book running lead managers to the offer.

*HPCL Hosts Mumbai Parallel Curtain Raiser of India Energy Week 2027 at S.P. Jain Institute of Management &Research (SPJIMR)*

 *HPCL Hosts Mumbai Parallel Curtain Raiser of India Energy Week 2027 at S.P. Jain Institute of Management &Research (SPJIMR)*

HPCL’s senior leadership at the India Energy Week 2027 curtain raiser in Mumbai.

• 380+ students from colleges across Mumbai engaged with the industry leaders, academia, start-ups and energy sector stakeholders

• Programme highlighted India’s energy transition, energy security, innovation and opportunities for young talent

*Mumbai, September 30, 2026:* Hindustan Petroleum Corporation Limited (HPCL) hosted the Mumbai Parallel Curtain Raiser of India Energy Week (IEW) 2027 at the S.P. Jain Institute of Management & Research (SPJIMR), bringing together students, academia, industry, government representatives and start-ups to engage with India’s evolving energy landscape.

The Mumbai programme was connected live with the national IEW 2027 Curtain Raiser in Kolkata, where the fifth edition of India Energy Week was formally announced under the theme “Unlocking Innovation. Securing Energy. Shaping Tomorrow.” The national Curtain Raiser was addressed by the Hon’ble Minister of Petroleum and Natural Gas Shri Hardeep Singh Puri and the Hon’ble Chief Minister of West Bengal Shri Suvendu Adhikari.

*The Mumbai event brought together Shri K S Shetty, Director- Human Resources, HPCL* ; Smt. Srividya Venkataraman, Director- Finance, HPCL; Dr. Varun Nagaraj, Dean and Professor of Information Management and Analytics, SPJIMR; and Prof. B. N. Chaudhari, Principal, Sardar Patel Institute of Technology, Mumbai, along with government representatives, start-ups, industry stakeholders and more than 380 students from colleges across Mumbai.

*Addressing the gathering, Shri K S. Shetty, Director- Human Resources, HPCL, said:* “India's energy journey is at an important inflection point. As we move towards the vision of Viksit Bharat@2047 while progressing towards our net-zero commitment by 2070, we need of simultaneously ensure energy security, affordability and sustainability. India Energy Week provides an important platform for this conversation, bringing together global expertise, technology, investment and young talent to shape the energy systems that will power India's next phase of growth.”

*Smt. Srividya Venkataraman, Director- Finance, HPCL, highlighted* the importance of creating pathways for innovative technologies to move from ideas and prototypes towards pilots and industrial-scale deployment. Smt. Srividya Venkataraman, Director—Finance, HPCL, said: “The transition from an innovative idea of a technology that can operate at industrial scale requires more than funding; if requires access of expertise, infrastructure, pilot opportunities and an industry partner willing to lest and adopt new solutions. Initiatives such as MC and MC + ICNITE are important because they seek of bridge this gap by connecting deep-tech innovators with the energy industry.”

The programme provided 380+ students with first-hand exposure to India's energy sector and insights into energy security, energy transition, technology, innovation, entrepreneurship and policy. The interaction between senior industry leadership, academia, government representatives and start-ups also provided students an opportunity to understand the emerging opportunities within the energy ecosystem.

The Mumbai audience subsequently joined the national proceedings from Kolkata, witnessing the Curtain Raiser addressed by the Hon'ble Minister of Petroleum and Natural Gas and the Hon'ble Chief Minister of West Bengal, along with other distinguished dignitaries and energy-sector stakeholders. With IEW 2027 scheduled in Kolkata from January 28-31, 2027, the Curtain Raiser sets the stage for a wider dialogue on “Unlocking Innovation. Securing Energy. Shaping Tomorrow.”

*About HPCL:*

Hindustan Petroleum Corporation Limited (HPCL), incorporated on July 15, 1974, is a Maharatna Central Public Sector Enterprise (CPSE) and one of India's leading integrated refining and marketing companies. With interests spanning refining, marketing, distribution, research and development, and renewable energy, HPCL is committed to delivering safe, reliable, and sustainable energy solutions. Through innovation, operational excellence, and customer-centricity, HPCL continues to play a key role in strengthening India's energy security and supporting the nation's transition towards a cleaner and more sustainable energy future.

Apollo Hospitals’ “My Hands Are Ready” Sets World Record Title with 61,221 CPR Pledges in 30 Days

Apollo Hospitals’ “My Hands Are Ready” Sets World Record Title with 61,221 CPR Pledges in 30 Days

The campaign reaches students, teachers and staff across 120 institutions, advancing CPR awareness and emergency preparedness ahead of World Heart Day 2026, themed “United for Every Heartbeat.” 

Mumbai, 28 September 2026: ‘Is Navi Mumbai ready to save a life.’ This was the question that set the CPR Pledge Movement in motion by Apollo Hospitals Navi Mumbai.

Conducted from 8 July to 7 August 2026, the movement set out to mobilise 50,000 people to pledge that they would learn CPR and be better prepared to respond in the critical moments before professional medical help arrives. Navi Mumbai not only crossed the target but brought together people from across the city in a collective commitment to being prepared. 

More than 120 institutions, including schools, colleges, workplaces and community organisations, participated in the initiative, bringing together students, teachers, healthcare professionals, employees, families and community members. This initiative sought to encourage people to become more prepared and proactive in responding to medical emergencies. Over the course of the campaign, 61,221 people pledged to learn CPR, turning a simple call to action into a widespread community movement.

The month-long movement culminated with GUINNESS WORLD RECORDS™ officially recognising Apollo Hospitals Navi Mumbai as the record-holder for ‘Most pledges received to learn CPR in one month’, at a special event held in the presence of Dr. Preetha Reddy, Executive Vice Chairperson, Apollo Hospitals Enterprise Limited and actor Karisma Kapoor.  

Dr Preetha Reddy, Executive Vice Chairperson, Apollo Hospitals Enterprise Limited, said,

“For ten years, Navi Mumbai has honoured us with its trust. Today, more than 61,000 people have pledged to learn CPR, reminding us of the extraordinary power of a community united by a shared purpose. This is the inspiration behind ‘My Hands Are Ready’, a movement that seeks to place life-saving knowledge into the hands of ordinary citizens across India. There can be no greater way to honour the trust Navi Mumbai has placed in our hands than to empower millions more hands to be ready to help save a life.”

The scale of the campaign responds to a significant CPR knowledge-and-action gap in India. More than 700,000 people are estimated to die from sudden cardiac arrest in the country each year, while studies suggest that only 1.3%-9.8% of out-of-hospital cardiac arrests receive bystander CPR. In urban populations, only around 2%-6.5% of laypeople have been reported to be able to perform CPR, and out-of-hospital cardiac arrest survival to hospital discharge remains below 2%-3%. These figures underline the importance of equipping ordinary citizens to act before professional help arrives. Through “My Hands Are Ready”, Apollo Hospitals is helping turn willingness to help into the confidence and preparedness to take the right action when it matters most.

Mr Arunesh Punetha, Regional CEO- Western Region, Apollo Hospitals, said,

“We want to take the message beyond Navi Mumbai and encourage people across India to learn CPR and feel prepared to respond when a life may depend on those standing closest. This movement is about giving ordinary people the courage to step forward for another life. That is what makes it more than a campaign. It is a commitment to society, to every life, every family and every one of us. Through ‘My Hands Are Ready’, it is a promise we make to each other. And it is a promise we make to India.”

Dr Nitin Jagasia, Regional Director – Emergency, Western Region, Apollo Hospitals, said,

“When someone suffers a cardiac emergency (their heart stops), the first person at the scene is often not a healthcare professional but a family member, colleague, friend or passer-by. The ability to recognise this and initiate CPR can make all the difference while professional help is on its way. This movement by Apollo is to encourage thousands of people to take the first step towards acquiring this essential basic skill. Every person who learns CPR becomes better equipped to respond during those crucial early moments.”

At its heart is a simple idea: our hands are already capable of caring, helping and protecting. With the right knowledge and training, they can also be ready to respond when a life is at risk.

ABOUT APOLLO HOSPITALS

Apollo revolutionised healthcare when Dr Prathap Reddy opened the first hospital in Chennai in 1983. Today, Apollo is the world’s largest integrated healthcare platform with over 10,400 beds across 76 hospitals, 7,113+ pharmacies, 308 clinics, 2,457 diagnostic centres, and 800+ telemedicine centres. It is one of the world’s leading cardiac centres, having performed over 3,00,000 angioplasties and 2,00,000 surgeries. Apollo continues to invest in research and innovation to bring the most cutting-edge technologies, equipment, and treatment protocols to ensure patients have access to the best care in the world. Apollo’s 1,20,000 family members are dedicated to delivering exceptional care and leaving the world better than we found it.

Dr. Dinesh Gupta Sets Another Guinness World Records Achievement

 Dr. Dinesh Gupta Sets Another Guinness World Records Achievement

Creates 275 Paper Boats in One Hour 

Kalyan, Maharashtra | September 18, 2026

Prof. Dr. Dinesh Gupta Anandshree has once again made history by achieving a new Guinness World Records title for making the most paper boats in one hour.

On June 10, 2026, Dr. Dinesh Gupta successfully made 275 paper boats in just one hour, surpassing the previous record of 250 paper boats.

Following the verification of the record attempt and submission of the required evidence, Guinness World Records confirmed the achievement to Dr. Dinesh Gupta by email from London.

With this latest achievement, Dr. Dinesh Gupta has now reached an important milestone of 10 Guinness World Records.

A Record with a Message for Children

According to Dr. Dinesh Gupta, the purpose behind this record attempt was not only to create a world record but also to spread an important message about connecting children with nature.

In today's digital age, children are increasingly becoming disconnected from the natural environment. Through the simple and creative activity of making paper boats, Dr. Gupta aims to encourage children to spend more time with nature, explore their creativity and participate in meaningful hands-on activities.

He believes that children should have opportunities to experience the natural world beyond digital screens and develop creativity through practical activities.

The achievement is being celebrated as another milestone in Dr. Dinesh Gupta's journey of creativity, motivation and inspiring people through unique record-breaking initiatives.

Nityas Gems and Jewellery Limited IPO Opens on September 30, 2026

 Nityas Gems and Jewellery Limited IPO Opens on September 30, 2026

Total Issue Size – Up to 14,456,000 Equity Shares of ₹5 each

IPO Size - ₹108.42 Crore (At Upper Price Band) 

Price Band - ₹70 - ₹75 Per Equity Share

Lot Size – 200 Equity Shares 

Mumbai, September 28, 2026 – Nityas Gems and Jewellery Limited, engaged in the design, manufacturing and sale of lab-grown diamond studded gold jewellery in India, proposes to open its Initial Public Offering on Wednesday, September 30, 2026 aiming to raise ₹108.42 Crore (At Upper Price Band), with shares to be listed on the NSE & BSE platform.  

The issue size is 14,456,000 equity shares at a face value of ₹5 each with a price band of 

₹70 - ₹75 Per Equity Share. 

Equity Share Allocation

Net QIB – Not more than 50% of the Issue

NII – Not less than 15% Of the Issue

RII – Not less than 35% of the Issue

The net proceeds from the IPO will be utilized for Funding Working Capital requirements and General Corporate Purposes. The anchor bidding is on Tuesday, September 29, 2026 and the issue will open on Wednesday, September 30, 2026 and will close on Monday, October 05, 2026.

The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited, The Registrar to the Issue is Bigshare Services Private Limited.

 Mr. Rajnikant Lallubhai Chanchad, Chairman and Managing Director of Nityas Gems and Jewellery Limited expressed, “The proposed IPO marks an important milestone in our journey. We have built an integrated platform spanning B2B manufacturing and distribution as well as D2C omnichannel retail in lab-grown diamond studded gold jewellery. The proposed deployment of the Net Proceeds towards working capital requirements is intended to support the scale of our operations as we continue expanding our customer base, strengthening our design-led manufacturing capabilities and deepening our presence across channels.”

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Nityas Gems and Jewellery Limited has scaled its operations across an integrated B2B and D2C model. In Fiscal 2026, the Company reported revenue from operations of ₹2,028.94 million, EBITDA of ₹309.74 million and profit after tax of ₹223.15 million, with an EBITDA margin of 15.27% and a PAT margin of 11.00%. The fresh issue is proposed to primarily support the Company’s working capital requirements, further manufacturing capabilities.”

About Nityas Gems and Jewellery Limited: 

Nityas Gems and Jewellery Limited is engaged in the design, manufacturing and sale of lab-grown diamond studded gold jewellery in India. Its integrated business model comprises B2B manufacturing and distribution to organised retailers, standalone retailers and wholesalers, along with D2C omnichannel retail operations through its subsidiary, Ayaani Diamonds and Jewellery Private Limited. The Company offers jewellery across categories including rings, earrings, pendants, bracelets, mangalsutras, nose pins, necklaces, cufflings and bangles, with a strategic focus on lightweight and affordable lab-grown diamond studded gold jewellery.

During Fiscal 2026, the Company served 323 B2B customers. Its B2B network spans 18 states and 2 union territories in India, and it has also served overseas customers in the United Arab Emirates, Australia, Canada, Taiwan and Kenya. Ayaani operates an online storefront and ten physical retail stores across eight cities in India, comprising seven company-operated and three franchise-operated stores.

The Company’s manufacturing facility in Surat, Gujarat has an area of approximately 7,000 sq. ft. and installed production capacity of approximately 360 kg per annum. Its operations are supported by in-house design capabilities and CAD/CAM-enabled tools, with a design portfolio of over 32,000 jewellery designs as of August 31, 2026.

During FY26, the Company achieved Revenue from Operations of ₹2,028.94 million, EBITDA Margin of 15.27% and PAT Margin of 11.00%. 

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

SRIT India Limited IPO Opens on September 28, 2026

SRIT India Limited IPO Opens on September 28, 2026 

Left To Right

 Mr. Anuj Killa

Choice Capital Advisors Pvt Ltd

Dr. Nambiar Raghavan Madhusoodan

SRIT India Limited

SRIT India Limited IPO Opens on September 28, 2026 

Total Issue Size – Up to 16,800,000 Equity Shares of ₹5 each

IPO Size - ₹218.4 Crore (At Upper Price Band)

Price Band - ₹123 - ₹130 Per Equity Share

Lot Size – 115 Equity Shares 

Mumbai, September 24, 2026 – SRIT India Limited, a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company, proposes to open its Initial Public Offering on Monday, September 28, 2026 aiming to raise ₹218.4 Crore (At Upper Price Band), with shares to be listed on the NSE & BSE platform.  

The issue size is 16,800,000 equity shares at a face value of ₹5 each with a price band of 

₹123 - ₹130 Per Equity Share. 

Equity Share Allocation

Net QIB – Not more than 50% of the Issue

NII – Not less than 15% Of the Issue

Individual Investors – Not less than 35% of the Issue

The net proceeds from the IPO will be utilized for Funding of capital expenditure requirements towards modernization of existing products and redevelopment, Funding working capital requirements, Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and General Corporate Purposes. The anchor bidding is on Friday, September 25, 2026 and the issue will open on Monday, September 28, 2026 and will close on Wednesday, September 30, 2026.

The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited, The Registrar to the Issue is KFin Technologies Limited.

Dr. Nambiar Raghavan Madhusoodan, Managing Director & Chief Executive Officer of SRIT India Limited expressed, “The IPO marks an important milestone in SRIT’s journey of more than two and a half decades. We have built our capabilities around designing, implementing and operating mission-critical digital platforms across e-governance, telecommunications and broadband, and healthcare. The proposed deployment of the Net Proceeds towards product modernization, working capital and strategic growth initiatives is intended to support the next phase of our business as we continue strengthening our technology capabilities and expanding our solution portfolio.”

Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “SRIT India Limited has developed a track record of executing large-scale digital transformation projects for Government entities and Enterprises. As of June 30, 2026, the Company had an outstanding Order Book of ₹12,047.17 million. In Fiscal 2026, revenue from operations stood at ₹4,499.99 million, with Operating EBITDA of ₹647.74 million and PAT of ₹432.89 million. The fresh issue is proposed to support product modernization, working capital requirements and strategic growth initiatives.”

About SRIT India Limited:

SRIT India Limited is a Bengaluru-headquartered IT/ITeS solutions company offering digital solutions and automation of systems through custom application development and integration services. The Company designs, implements and operates digital platforms for Government entities and Enterprises in India and select overseas markets. It is strengthening its AI capabilities through AI-enabled solutions across its core verticals and has implemented large-scale, mission-critical projects.

Operations are organised across three verticals electronic governance, telecommunications and broadband, and healthcare delivered through a full-service stack spanning architecture and design, build and integration, data migration, deployment and continuous operations and maintenance. Delivery processes are appraised at CMMI V3.0 (DEV) Maturity Level 5 (Optimizing) and Systems Security Engineering Capability Maturity Model, and carry nine ISO certifications spanning information security, IT service management, quality, environmental and occupational health and safety. 

During FY26, The Company achieved a Revenue of ₹ 4,499.99 million, EBITDA Margin of 14.39% & PAT Margin of 9.62%. 

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Shah Investors Home Limited Strengthens Digital-First Financial Services Platform, Eyes Growth Through MTF and Diversified Offerings

Shah Investors Home Limited Strengthens Digital-First Financial Services Platform, Eyes Growth Through MTF and Diversified Offerin

Mumbai, September 2026: 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.