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Home/IPO/SRIT India IPO
Updated: 29-Sep 22:37
SRIT India

SRIT India IPO

OpenIPO

Listing at: BSE, NSE • SRIT House, #113/1BITPL Main RoadKundalahalliBengaluru, Karnataka, 560037

Allotment status Not declared yet

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

Live GMP Today
₹31 (23.85%)
Rating:4/5
Est. Listing Price
₹161
Est. Gain: +23.9%
Est. Profit / Lot
₹3,565
Per Retail Application
Price Band
₹130
Face Value: ₹5
Min. Retail Inv.
₹14,950
Lot: 115 Shares
Total Subscription
4.16x
Anchor: Yes

SRIT India IPO GMP History

Genuine daily snapshots retained by the WeeStox backend

Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.

GMP dateIPO priceGMPPremiumEst. profit / lotSubscriptionMovement
29 Sept 2026₹130+₹3123.85%+₹3,5654.16x↓ Down
28 Sept 2026₹130+₹3426.15%+₹3,9101x↑ Up
27 Sept 2026₹130+₹3325.38%+₹3,795-↑ Up
26 Sept 2026₹130+₹3224.62%+₹3,680-Flat
25 Sept 2026₹130+₹3224.62%+₹3,680-↑ Up
24 Sept 2026₹130+₹2116.15%+₹2,415-↑ Up
23 Sept 2026₹130+₹129.23%+₹1,380-Flat

Explore the complete GMP movement

Open the chart and all available daily records.

SRIT India IPO Details

IPO Date28 Sept 2026 to 30 Sept 2026
Listing AtBSE, NSE
Face Value₹5 per share
Price Band₹130
Lot Size115 Shares
Total Issue Size₹218.40 Cr(₹1,255.57 Cr)
Fresh Issue168.00L shares (₹218 Cr)
Offer for Sale (OFS)Nil
Issue TypeBook Built Issue IPO

SRIT India IPO Timetable

IPO Open Date28 Sept 2026
IPO Close Date30 Sept 2026
Basis of Allotment01 Oct 2026
Initiation of Refunds05 Oct 2026
Credit of Shares to Demat05 Oct 2026
Listing Date06 Oct 2026
Cut-off time for UPI Mandate5 PM on 30 Sept 2026
Employee Discount₹20.00/share (Up to 52,083 shares)

SRIT India IPO Reservation

CategoryReservationShares Offered
Anchor Shares Offered30.00%50,40,000
QIB Shares Offered20.00%33,60,000
HNI Shares Offered15.00%25,20,000
Retail Shares Offered35.00%58,80,000
Total Shares Offered100.00%1,68,00,000

SRIT India Anchor Details

PDF
Anchor Bid Date25 Sept 2026
Anchor Shares Offered50,40,000 Shares
Total Anchor Portion₹65.52 Cr
Lock-in 50% End Date31 Oct 2026 (30 Days)
Lock-in Rem. 50% Date30 Dec 2026 (90 Days)

SRIT India IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)Reserved Applications
Retail (Min)1 Lot Shares₹14,950–
Retail (Max)13 Lots Shares₹1,94,350–
S-HNI (Min)14 Lots Shares₹2,09,300–
S-HNI (Max)66 Lots Shares₹9,86,700–
B-HNI (Min)67 Lots Shares₹10,01,650–

SRIT India Promoter Holding

Pre-Issue HoldingDisclosed in RHP
Post-Issue HoldingTo be calculated

SRIT India IPO Live Subscription Status

Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost
Overall Demand:4.16x
03:31 am
Investor CategoryShares OfferedShares BiddedSubscription Times
QIBs33,60,0003,2200.00x
HNIs25,20,00022,82,8650.91x
↳ HNIs 10+16,80,0008,82,8550.53x
↳ HNIs 2+8,40,00014,00,0101.67x
Retail58,80,00099,97,4101.70x
Total1,17,60,0001,22,83,4951.04x
QIBs44–0.00x
FIIs––0.00x
DIIs––0.00x
Mutual funds––0.00x
Others––0.00x
HNIs33300.91x
↳ HNIs 10+22110.53x
↳ HNIs 2+11181.67x
Retail761301.70x
Total1531601.04x

SRIT India Limited Financial Information (Restated Consolidated in ₹ Crores)

Period EndedAssetsTotal IncomeProfit After TaxEBITDANet WorthTotal Borrowing
31 Mar 2026₹614.16 Cr₹462.54 Cr₹43.29 Cr₹64.77 Cr₹193.27 Cr₹36.15 Cr
30 Mar 2026₹614.16 Cr₹462.54 Cr₹43.29 Cr₹64.77 Cr₹193.27 Cr₹36.15 Cr
31 Mar 2025₹496.64 Cr₹400.50 Cr₹33.60 Cr₹49.81 Cr₹93.17 Cr₹51.30 Cr
30 Mar 2025₹496.64 Cr₹400.50 Cr₹33.60 Cr₹49.81 Cr₹93.17 Cr₹51.30 Cr
31 Mar 2024₹428.96 Cr₹282.22 Cr₹29.08 Cr₹40.99 Cr₹80.47 Cr₹22.28 Cr
30 Mar 2024₹428.96 Cr₹282.22 Cr₹29.08 Cr₹40.99 Cr₹80.47 Cr₹22.28 Cr

SRIT India Key Valuation & Financial KPIs

ROE30.23%
ROCE28.79%
Debt / Equity0.23x
P/E (Post IPO)19.29
EBITDA Margin14.39%
Market Cap₹835.5 Cr

SRIT India IPO Analysis

Review the company's key advantages and material business risks.

9 Strengths

Strengths & Positives

Competitive advantages and operational merits

  • Its operations are organised across three principal verticals: Healthcare, Electronic Governance, and Telecommunications and Broadband. The company focuses on conceptualising, deploying, maintaining and managing digital platforms and technology solutions tailored to client requirements.

  • As of September 30, 2025, the company had an outstanding order book of ₹1,280.62 crore. Over the preceding decade, it had successfully executed more than 103 projects with a cumulative order value of ₹1,234.72 crore across healthcare, electronic governance, and telecommunications and broadband.

  • The company serves a diversified customer base comprising government bodies and public sector entities at the Central, State and local levels, as well as private-sector businesses and enterprises. Its established capabilities cover the complete lifecycle of technology projects, from solution development and integration to deployment, maintenance and support.

  • Established End-to-End Capabilities: The company has an established track record in conceptualising, developing, deploying and managing technology solutions. Its capabilities span bespoke application development, systems integration and ongoing platform support.

  • Diversified Order Book: SRIT India has an order book spread across multiple offerings, customers and geographies. As of September 30, 2025, its outstanding order book stood at ₹1,280.62 crore.

  • Wide Geographic & Sector Presence: The company has executed more than 103 projects across healthcare, electronic governance, and telecommunications and broadband. Its client base includes government organisations, public-sector entities and private enterprises across multiple markets.

  • Dependence on Competitive Bidding: A majority of the company's projects are awarded through competitive bidding. Failure to qualify for, win or successfully complete new contracts could adversely affect its business, financial condition, operating results, growth prospects and cash flows.

  • High Dependence on Government Tenders: Government entities contributed approximately 92.23%, 91.34%, 81.84% and 88.44% of revenue from operations for the six months ended September 30, 2025 and FY2025, FY2024 and FY2023, respectively. Delays or reductions in government tenders, changes in government policies, or contract foreclosures, terminations, restructuring or renegotiations could materially affect the company's operations and financial performance.

  • High Customer Concentration: The company's top ten customers contributed approximately 94.12%, 92.18%, 91.71% and 91.20% of revenue from operations for the six months ended September 30, 2025 and FY2025, FY2024 and FY2023, respectively. Loss of one or more major customers or reduced demand from them could adversely affect its business, profitability and financial condition.

About SRIT India Limited

SRIT India IPO is a book build issue of ₹218.40 crores. The issue is entirely a fresh issue of 1.68 crore shares of ₹218.40 crore.SRIT India IPO bidding opened for subscription on Sep 28, 2026 and will close on Sep 30, 2026. The allotment for the SRIT India IPO is expected to be finalized on Oct 1, 2026. SRIT India IPO will list on NSE and BSE with a tentative listing date fixed as Oct 6, 2026.SRIT India IPO is set issue price band at ₹123 to ₹130 per share. The lot size for an application is 115 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,950 (115 shares) (based on upper price).Choice Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.Refer to SRIT India IPO RHP for detailed Information.

Incorporated in September 1999, SRIT India Limited is a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company providing digital solutions, custom application development and system integration services. With 26 years of industry experience, the Company designs, implements and operates digital platforms for Government entities and Enterprises in India and select overseas markets.The Company operates across three verticals: healthcare, electronic governance, and telecommunications and broadband. Its offerings include healthcare information systems, digital health platforms, e-governance solutions, cybersecurity, enterprise software, networking, connectivity, fibre optic infrastructure, system integration, automation and managed services. The Company also provides configurable and customised solutions that can be integrated with third-party platforms and has commenced developing AI-enabled solutions across its key verticals. In the last decade, the Company has executed more than 103 projects with an aggregate order value of approximately ₹12,347.16 million for Government and Enterprise customers. Its projects include healthcare platforms, nationwide banking connectivity, state-wide fibre networks, AI-driven traffic management and power transformer monitoring solutions. The Company has a presence across multiple Indian states and also operates internationally through its Qatar operations. The Company's delivery processes are appraised at CMMI Level 5 and SSE-CMM and are certified to ISO 27034-1:2011, ISO/IEC 27001:2022 and ISO 45001:2018. Revenue from operations increased from ₹3,893.47 million in Fiscal 2025 to ₹4,499.99 million in Fiscal 2026, while profit after tax increased from ₹336.04 million to ₹432.89 million during the same period. As of June 30, 2026, the Company had 177 permanent employees, 7 contract-specific employees and 107 consultants. Its experienced workforce supports application development, project management, operations, solution architecture, support engineering, quality management and service delivery. • Strong financial performance. • Growing capabilities in AI-enabled solutions. • Diversified presence across three key verticals. • Experienced Promoters and Senior Management team. • End-to-end digital solutions and integration capabilities. • 26 years of industry experience and established track record. • Strong Government and Enterprise project execution track record.

Shariah Compliance Screening (AAOIFI Standard 21)

Business ActivityRequires ReviewImpermissible Revenue ≤ 5%
Debt-to-Assets Ratio5.89%Threshold ≤ 33% of Assets
Purification GuidanceStandard 0.5%Donate interest dividend fraction
Auditor Notes: Sector information not available — cannot screen business activity

SRIT India IPO Documents & Reports

Official prospectus, reports and regulatory filings
Document TitleAuthority / HostStatusAction
Red Herring Prospectus (RHP)
Complete offer document filed with ROC & SEBI
SEBI / ROCAvailable View RHP
Draft Red Herring Prospectus (DRHP)
Initial regulatory draft submitted for public comments
SEBI FilingsFiled View DRHP
Anchor Investor Allocation Report
Allotment list to institutional bidders
BSE / NSE CircularDisclosed Anchor PDF
IPO Allotment Status & Basis of Allotment
Registrar query portal via PAN / Application No.
Kfin TechnologiesLive Portal Check Allotment
Corporate Website & Investor Relations
Official portal and financial reports
Issuer PortalActive Visit Portal

SRIT India IPO Registrar & Lead Managers

Registrar of the Issue
Kfin Technologies
040-79615565
Book Running Lead Managers (BRLM)
  • Choice Capital Advisors Pvt.Ltd.
Registered Office

SRIT House, #113/1BITPL Main RoadKundalahalliBengaluru, Karnataka, 560037