SRIT India IPO vs Shah Investor's Home IPO: Which Issue Drew Stronger Demand Before the 6 October Listing?

SRIT India IPO and Shah Investor's Home IPO both closed for subscription on Wednesday, 30 September 2026, and investors backed one far more strongly than the other. SRIT India's issue was subscribed 18.74 times, while Shah Investor's Home drew about 2.13 times subscription during the final day, based on exchange data at the time of writing.

Grey market activity for both issues has drawn attention, but Univest does not publish grey market premium figures because they are unofficial and unregulated. The more reliable signals for investors are subscription demand, business quality, financials and valuation, which this comparison covers.

Click Here – Get Free Investment Predictions

SRIT India IPO vs Shah Investor's Home IPO: Key Details

Here is how the two issues compare on the key terms, based on their offer documents and exchange data.

Detail	SRIT India IPO	Shah Investor's Home IPO
Issue size	Rs 218.40 crore	Rs 90.17 crore
Issue type	Fresh issue of 1.68 crore shares	Fresh issue of 53.99 lakh shares
Price band	Rs 123 to Rs 130	Rs 159 to Rs 167
Lot size	115 shares	85 shares
Minimum retail investment	Rs 14,950	Rs 14,195
Subscription window	28 to 30 Sep 2026	28 to 30 Sep 2026
Subscription (final day)	18.74 times	About 2.13 times
Basis of allotment	1 Oct 2026	1 Oct 2026
Tentative listing	6 Oct 2026	6 Oct 2026
Registrar	KFin Technologies	MUFG Intime India
Lead manager	Choice Capital Advisors	Beeline Capital Advisors

Which IPO Is Winning on Demand?

SRIT India IPO is winning comfortably on demand. The issue was fully subscribed on Day 1, reached 4.16 times on Day 2 and ended at 18.74 times on the final day. On Day 2, retail investors had bid 6.04 times their quota and non-institutional investors 5.25 times, while qualified institutional buyers had bid only 3% of their portion, so most of the demand came from individuals and wealthy investors.

Shah Investor's Home IPO saw a slower build-up in its subscription status. It was subscribed 31% on Day 1 and 1.10 times on Day 2. During the final day, total subscription was about 2.13 times, with non-institutional investors at about 3.43 times, retail investors at about 2.16 times and qualified institutional buyers at about 1.08 times. Final closing figures may differ slightly.

Track upcoming and recently listed IPOs on the Univest Screener

SRIT India IPO: Business and Financials

SRIT India is a Bengaluru-based IT and IT-enabled services company with a 26-year track record. It builds digital platforms mainly for government clients across healthcare, e-governance and telecom, and is developing AI-enabled solutions across these verticals while expanding into cloud and cybersecurity.

The strongest point in the SRIT India IPO case is visibility. The company had an outstanding order book of Rs 1,204.72 crore as of 30 June 2026. Profit rose to Rs 43.29 crore in FY26 from Rs 33.60 crore in FY25. After the issue, promoter holding will fall to 62.71% from 84.91%. Analyst views on the issue were mixed, with some recommending it and others advising caution, mainly because of the company's reliance on government contracts.

Shah Investor's Home IPO: Business and Financials

Shah Investor's Home, incorporated in 1994, is a retail broking brand offering equity and derivatives broking, mutual fund distribution, margin funding and securities lending and borrowing. It serves mainly retail and NRI customers through branches and authorised persons across Gujarat and Maharashtra, and plans to use the IPO money mainly for working capital.

Its recent numbers are weaker. Total income fell to Rs 72.40 crore in FY26 from Rs 94.46 crore in FY25, and profit after tax dropped to Rs 13.10 crore from Rs 23.41 crore. Return on net worth slipped to 7.35% from 13.91%. At the upper price band of Rs 167 and FY26 EPS of Rs 8.38, the issue is priced at about 20 times trailing earnings, and post-issue market value works out to roughly Rs 353 crore.

Download the Univest iOS App or Univest Android App to get alerts on IPO allotment status and listing-day moves.

SRIT India IPO Allotment Status and Listing Date

For both issues, the basis of allotment is expected on Thursday, 1 October 2026. Refunds and credit of shares to demat accounts are expected on 5 October, with the IPO listing date on NSE and BSE tentatively set for Tuesday, 6 October 2026.

Investors can check SRIT India IPO allotment status on the KFin Technologies registrar website, and Shah Investor's Home allotment on the MUFG Intime India website, by entering their PAN or application number. BSE and NSE websites also show allotment status once it is finalised. Given the 18.74 times subscription, the chances of allotment in the SRIT India IPO are lower for retail applicants.

Key Risks for Both Issues

• SRIT India: Heavy dependence on government clients can mean delayed payments and lumpy order flow.
• Shah Investor's Home: Falling income and profit in FY26, and broking revenue that depends on market activity.
• Institutional interest: Weak QIB demand in SRIT India and modest QIB demand in Shah Investor's Home.
• Listing-day volatility: Subscription demand does not guarantee listing gains, as recent debuts have shown.

Bottom Line: SRIT India IPO vs Shah Investor's Home IPO

SRIT India IPO has attracted far stronger demand, at 18.74 times subscription, backed by a Rs 1,204.72 crore order book and rising profit. Shah Investor's Home IPO saw more modest demand of about 2.13 times, reflecting a fall in its FY26 earnings. Both issues move to allotment on 1 October and listing on 6 October, and investors should judge them on fundamentals rather than grey market chatter. Consult a SEBI-registered advisor before trading on listing day.

Frequently Asked Questions on SRIT India IPO and Shah Investor's Home IPO

Which IPO got more subscription, SRIT India or Shah Investor's Home?

Ans. SRIT India IPO drew far stronger demand, with subscription of 18.74 times on the final day, 30 September 2026. Shah Investor's Home IPO was subscribed about 2.13 times during the final day, based on exchange data at the time of writing.

What is the grey market premium of SRIT India IPO?

Ans. Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.

When is the SRIT India IPO allotment date?

Ans. The basis of allotment for SRIT India IPO is expected to be finalised on 1 October 2026. Refunds and credit of shares are expected by 5 October, with listing on NSE and BSE tentatively on 6 October 2026.

What is the price band of SRIT India and Shah Investor's Home IPOs?

Ans. SRIT India IPO has a price band of Rs 123 to Rs 130 per share with a lot of 115 shares. Shah Investor's Home IPO has a price band of Rs 159 to Rs 167 per share with a lot of 85 shares.

What does SRIT India do?

Ans. SRIT India is a Bengaluru-based IT and IT-enabled services company with a 26-year record. It builds digital platforms mainly for government clients in healthcare, e-governance and telecom, and had an order book of Rs 1,204.72 crore as of 30 June 2026.

What does Shah Investor's Home do?

Ans. Shah Investor's Home is a Gujarat-based retail broking company incorporated in 1994. It offers equity and derivatives broking, mutual fund distribution, margin funding and securities lending and borrowing, mainly through branches and authorised persons in Gujarat and Maharashtra.

How to check SRIT India IPO allotment status?

Ans. You can check SRIT India IPO allotment status on the website of the registrar, KFin Technologies, or on the BSE and NSE websites by entering your PAN or application number after allotment is finalised on 1 October 2026.