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  1. India's broking industry is expected to maintain strong growth, with 93.7% of revenue originating from Gujarat.

IPO Debut of Shah Investor's Home at 2% Premium to Offer Price

1 report, 1 independent Updated Oct 6
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What happened

Some supportReported by 1 outlet

The ₹90.17 crore Shah Investor's Home IPO was open for bidding from September 28 to September 30, with the price band set between ₹159 and ₹167 apiece. The company made its debut on Dalal Street, with shares opening at ₹171 on both the BSE and NSE, representing a 2.40% premium to the offer price. The debut occurred against a grey market premium (GMP) of 10.18 percent.

From business-standard.com

Why it matters

Some supportBrind's analysis of the reports

Dr. Ravi Singh, chief research officer from Master Capital Services, commented on the debut. He advised that investors may assess the company’s potential to sustain revenue and profit growth while maintaining healthy operating margins and increasing its client and business base in the near term.

India's broking industry is expected to maintain strong growth, with 93.7% of revenue originating from Gujarat.

From business-standard.com

Who's involved

  • Ravi SinghChief research officer from Master Capital Services who commented on the company's growth potential.

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