SRIT India and Shah Investor’s Home IPO Day 2: Key Details, GMP, and Subscription Status Revealed!

The initial public offerings (IPOs) for SRIT India and Shah Investor’s Home commenced bidding on September 29, 2026, and are set to close on October 1, 2026. The SRIT India IPO, valued at Rs 218.40 crore, offers a price band of Rs 123–Rs 130 per share and necessitates a minimum investment of Rs 14,950 for retail investors. On the other hand, Shah Investor’s Home’s IPO, which has a smaller size of Rs 90.17 crore, provides a price band of Rs 159–Rs 167 per share with a minimum investment of Rs 14,195. Both listings are scheduled to take place on October 6, 2026, on the NSE and BSE.

In the grey market, SRIT India is showing robust demand with a premium of Rs 33 over its upper price band, translating to an estimated listing price of around Rs 163 per share. Conversely, Shah Investor’s Home is commanding a more modest grey market premium of Rs 14, indicating an estimated listing price of approximately Rs 181 per share. These premiums indicate strong investor interest, especially in the case of SRIT India, despite its IPO being fully subscribed only once by the first day of bidding.

For Indian investors, the varying subscription rates and the grey market sentiment imply differing levels of confidence in each offering. While SRIT India suggests potential upside with its significantly higher grey market premium, Shah Investor’s Home is attracting a more cautious response, and investors should weigh their options accordingly. Overall, enthusiasm in the grey market could imply positive listing outcomes for both companies, but retail investors are advised to assess their risk appetite before making investment decisions.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)