case₹34 Crpage 614
Promoter Direct Tax matter — 1 case involving Rs 3,423.05 lakhs (largest tax exposure disclosed)
ListedMainboardFinance - HousingSHAHINVEST
Shah Investor’s Home IPO
Shah Investor’s Home IPO is a mainboard IPO raising ₹90 Cr at ₹159 – ₹167 a share. It listed on 6 Oct 2026 at ₹171, +2.4% against its issue price of ₹167, and trades at ₹135 today (−19.0% since issue). It was subscribed 38× in total.
₹167
Issue price
₹135
Price now
−19.0%
Since issue price
6 Oct 2026
Listed on
38×Subscribed (final) · all exchanges
38.1 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What’s in court
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹39 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 6 | 4 | ₹4.2 Cr |
| Promoters | 0 | 1 | 0 | ₹34 Cr |
| Directors | 0 | 0 | 0 | — |
| Subsidiaries | 0 | 1 | 0 | ₹0.0 Cr |
| Group companies | 0 | 0 | 0 | — |
case₹0.1 Crpage 612
SEBI settlement order dated May 10, 2019 for the Company's 2008 preferential allotment violation of Sections 56/67/73 of Companies Act, 1956; settlement charges of Rs 12,18,750 paid
case₹0.0 Crpage 612
SEBI adjudication order dated Feb 11, 2026 against the Company for non-compliance with upstreaming client funds framework; penalty of Rs 4,00,000 imposed and paid
casepage 611
SEBI order dated Sept 10, 2025 cancelled the Company's registration as Investment Advisor for non-payment of renewal fees
casepage 611
SFIO summons dated Aug 7, 2026 to erstwhile Director Utpal Shah in connection with Kushal Tradelink Limited investigation; Company submitted response on Sept 22, 2026, matter pending
Amounts originally stated in Rs lakhs; converted to crore at 1 crore = 100 lakhs. Tax amount for Company bucket (Rs 420.20 lakhs) reflects only indirect tax; no direct tax cases. 'Other' count for Company aggregates: (1) SFIO summons involving Company as Market Maker for KTL, (2) SEBI cancellation of IA registration, (3) SEBI upstreaming/downstreaming SCN and adjudication, (4) SEBI settlement order. Grand total = tax total Rs 3,847.93 lakhs + SEBI penalty Rs 4.00 lakhs + settlement Rs 12.1875 lakhs = Rs 38.6412 crore. No explicit grand total is stated in the prospectus.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
Source documents
What the issuer and the exchanges published. Everything else on this tab is read out of these.
Prospectus on SEBI ↗
The full prospectus — business, financials, risk factors and litigation.
Anchor investor allocation ↗
Which institutions were allotted shares before bidding opened, and how many.
Bidding centres ↗
Where physical applications could be submitted.
Basis of issue price (peer ratios) ↗
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
Red Herring Prospectus ↗
The full prospectus — business, financials, risk factors and litigation.