SRIT India IPO
GMP, Subscription, Price, Dates & Financial Details
It - Software
SRIT India Ltd. is a leading India-based IT and ITeS company headquartered in Bengaluru, specializing in digital transformation, custom application development, and systems integration. Over the past 26 years, SRIT has established deep expertise in designing, deploying, and managing complex digital…
Open Date
Mon, 28 Sep 2026
Close Date
Wed, 30 Sep 2026
Price Band
₹ 123 – 130
Lot Size
115
Issue Size
₹ 218.40 Cr
Minimum Investment
₹ 14,950 (115 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
SRIT India IPO is set to open its Initial Public Offering (IPO) for subscription on September 28, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹218.40 Crore, comprising a fresh issue of 1.68 Crore equity shares aggregating to ₹218.40 Crore.
The SRIT India IPO will open for subscription on September 28, 2026, and close on September 30, 2026. The basis of allotment is expected to be finalized on October 01, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on October 06, 2026.
The company has fixed the price band at ₹123 to ₹130 per share, with a lot size of 115 shares. Retail investors will require a minimum investment of ₹14,950 (based on the upper price band) to apply for one lot.
KFin Technologies Limited is the registrar to the issue. Choice Capital Advisors Pvt Ltd are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the SRIT India IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 30, 2026.
SRIT India IPO Timeline (Tentative)
- IPO Open Date
- Mon, 28 Sep 26
- IPO Close Date
- Wed, 30 Sep 26
- Basis of Allotment
- Thu, 01 Oct 26
- Initiation of Refunds
- Mon, 05 Oct 26
- Credit of Shares to Demat
- Mon, 05 Oct 26
- Listing Date
- Tue, 06 Oct 26 — BSE & NSE
Open Date
28 September 2026
Close Date
30 September 2026
Basis Of Allotment
01 October 2026
Listing Date
06 October 2026
IPO Subscription
Check Live Subscription →The SRIT India IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 28 September 2026
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 614.16 | 496.64 | 428.96 |
| Revenue | 462.54 | 400.5 | 282.22 |
| Profit After Tax | 43.29 | 33.6 | 29.08 |
| Net Worth | 193.27 | 93.17 | 80.47 |
| Reserve & Surplus | 169.54 | 72.93 | 53.52 |
| Total Borrowings | 36.15 | 51.3 | 22.28 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
SRIT India Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 30.23 | 38.76 | 44.11 |
| ROCE % | 28.79 | 37.42 | 47.52 |
| Debt / Equity | 0.23 | 0.66 | 0.31 |
| RoNW % | 30.23 | 38.76 | 44.11 |
| Pat Margin % | 9.62 | 8.63 | 10.73 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| SRIT India Ltd | 5 | 0 | 9.47 | 9.47 | 30.23 | 40.71 |
| Mastek Limited | 5 | 12.59 | 130.45 | 129.5 | 14.81 | 965.11 |
| Railtel Corporation of India Ltd | 10 | 24.03 | 10.79 | 10.79 | 16.25 | 70.47 |
| Protean eGov Technologies Ltd | 10 | 19.8 | 24.7 | 24.7 | 9.69 | 265.23 |
| Allied Digital Services Ltd | 5 | 15.52 | 6.3 | 6.25 | 5.85 | 21.71 |
| Aurionpro Solutions Ltd | 10 | 18.62 | 38.9 | 37.87 | 13.06 | 322.9 |
About SRIT India Limited
SRIT India Ltd. is a leading India-based IT and ITeS company headquartered in Bengaluru, specializing in digital transformation, custom application development, and systems integration. Over the past 26 years, SRIT has established deep expertise in designing, deploying, and managing complex digital platforms for public sector bodies and enterprise clients across India and select global markets.
Core Business Verticals
Healthcare: Health Management Information Systems (HMIS), e-Prescription platforms, and digital care infrastructure.
Electronic Governance: AI-driven public safety and transportation systems, supply chain platforms, online licensing solutions, and core process automation—including end-to-end computerization for state beverage corporations.
Telecommunications & Broadband: Digital infrastructure support, automated operations, and systems integration.
Track Record & Financial Scale
Outstanding Order Book: ₹12,806.21 million (as of September 30, 2025).
Execution History: Successfully completed over 103 projects with a cumulative value of ₹12,347.16 million over the last decade.
Client Base: A diverse portfolio spanning Central, State, and local government bodies, public sector enterprises, and corporate clients.
SRIT India IPO Promoters
- Dr. Nambiar Raghavan Madhusoodan
- Prasaktha Vakkiyl Nambiar
- Martin Poovakkulam Chacko
Promoters Holding
Holding Pre Issue
84.91%
Holding Post Issue
62.71%
SRIT India IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of capital expenditure requirements towards modernization of existing products and redevelopment
- Funding working capital requirements of our Company
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
SRIT India Limited Address / Contact Details
SRIT India Ltd.
SRIT House, #113/1B,
ITPL Main Road, Kundalahalli
Bengaluru, Karnataka, 560037
Tel: +91-80419 51999
Email: cs.nidhi@sritindia.com
Website:http://www.sritindia.com/
IPO Snapshot
SRIT India IPO Lot Size
The SRIT India IPO has a lot size of 115 shares. Retail investors require a minimum investment of ₹14,950 by applying for 1 lot (115 shares). The maximum application allowed for the retail category is 13 lots (1,495 shares), requiring an investment of ₹1,94,350.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 115 | 14,950.00 |
| Retail (Max) | 13 | 1,495 | 194,350.00 |
| S-HNI (Min) | 14 | 1,610 | 209,300.00 |
| S-HNI (Max) | 66 | 7,590 | 986,700.00 |
| B-HNI (Min) | 67 | 7,705 | 1,001,650.00 |
Issue Reservation
Book Running Lead Managers
- Choice Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the SRIT India IPO?
SRIT India IPO is a Book-building IPO with a total issue size of ₹218.4 crore. The SRIT India IPO price band is ₹123 to 130 per share. The SRIT India IPO subscription opens on Mon, Sep 28, 2026, and closes on Wed, Sep 30, 2026. The SRIT India IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the SRIT India IPO.
When will the SRIT India IPO open for subscription?
The SRIT India IPO opens on Mon, Sep 28, 2026 and closes on Wed, Sep 30, 2026
What is SRIT India IPO Price Band?
SRIT India IPO Price Band is ₹123 to 130 per share.
What is SRIT India IPO Lot Size?
SRIT India IPO lot size is 115 shares, Retail investors need a minimum investment of ₹14950 based on the upper price band
What is the minimum investment for SRIT India IPO?
The minimum investment for SRIT India IPO is ₹14950, based on one lot of 115 shares at the upper price band of ₹130 per share.
How to apply for SRIT India IPO?
Investors can apply for the SRIT India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 30, 2026. The application amount remains blocked until the SRIT India IPO allotment is finalized.
What is SRIT India IPO Issue Size?
SRIT India IPO issue size is ₹218.4 crores.
What is the SRIT India IPO Allotment Date?
SRIT India IPO allotment date is Thu, Oct 1, 2026.
Who is the SRIT India IPO Registrar?
The registrar for SRIT India IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check SRIT India IPO allotment status, refund processing, and other IPO-related information.
What is the SRIT India IPO GMP?
The SRIT India IPO GMP (Grey Market Premium) is ₹12 as of Wed, Sep 23, 2026. Based on the upper price band of ₹130 per share, the estimated SRIT India IPO listing price is ₹142, indicating a potential listing gain of approximately 9.23% over the issue price.
Who is the SRIT India IPO Lead Manager?
The book-running lead managers (BRLMs) for the SRIT India IPO are Choice Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the SRIT India IPO Red Herring Prospectus (RHP).