SRIT India IPO
Updated 11 Nov 2026, 6:45 pm.
Minimum investment (Retail)
₹14,950
1 lot · 115 shares at the upper price band
Price band
₹130
Latest GMP
₹62
+47.7% of the ₹130 upper band
Est. listing price
₹192
Issue size
₹218.4 Cr
Listing price
₹148.00
NSE SRIT, special pre-open price
Listing gain
+13.8%
Listing price against the issue price
First-day close
₹155.09
Since issue
-2.8%
₹126.38 close, 13 Nov 2026
As NSE lists it
The exchange's own issue data, NSE symbol SRIT · read 14 Nov 2026, 12:15 am
- Price band
- ₹123–130
- Bidding
- 28 Sept 2026 – 30 Sept 2026
- Subscribed (NSE)
- —
- Shares offered
- —
- Listed
- 6 Oct 2026
- Issue price
- ₹130
NSE's subscription counts bids on its own platform and can differ from the combined NSE + BSE figure above.
Allotment status
Check it on the registrar's page or either exchange with your PAN or application number.
- Allotment finalised1 Oct 2026(done)
- Refunds start5 Oct 2026(done)
- Shares credited to demat5 Oct 2026(done)
- Listing6 Oct 2026(done)
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. listing price |
|---|---|---|
| 6 Oct 2026, 1:50 pm | ₹62 | ₹192 |
| 6 Oct 2026, 1:45 pm | ₹62 | ₹192 |
| 6 Oct 2026, 8:50 am | ₹62 | ₹192 |
| 6 Oct 2026, 8:45 am | ₹62 | ₹192 |
| 5 Oct 2026, 6:50 pm | ₹60 | — |
| 5 Oct 2026, 6:45 pm | ₹50 | ₹180 |
| 5 Oct 2026, 1:50 pm | ₹51 | — |
| 5 Oct 2026, 1:45 pm | ₹50 | ₹180 |
| 5 Oct 2026, 11:31 am | ₹50 | ₹180 |
| 5 Oct 2026, 8:50 am | ₹50 | ₹180 |
| 5 Oct 2026, 8:45 am | ₹50 | ₹180 |
| 3 Oct 2026, 10:44 pm | ₹53 | ₹183 |
| 3 Oct 2026, 6:50 pm | ₹52 | — |
| 3 Oct 2026, 1:50 pm | ₹52 | — |
| 3 Oct 2026, 8:50 am | ₹53 | — |
| 2 Oct 2026, 6:50 pm | ₹53 | — |
| 2 Oct 2026, 1:50 pm | ₹52 | — |
| 2 Oct 2026, 8:50 am | ₹48 | ₹178 |
| 2 Oct 2026, 8:45 am | ₹48 | ₹178 |
| 1 Oct 2026, 6:50 pm | ₹49 | ₹178 |
| 1 Oct 2026, 6:45 pm | ₹48 | ₹178 |
| 1 Oct 2026, 1:50 pm | ₹48 | ₹178 |
| 1 Oct 2026, 1:45 pm | ₹48 | ₹178 |
| 1 Oct 2026, 8:50 am | ₹48 | — |
| 30 Sept 2026, 6:50 pm | ₹36 | ₹161 |
| 30 Sept 2026, 6:45 pm | ₹31 | ₹161 |
| 30 Sept 2026, 1:50 pm | ₹31 | ₹161 |
| 30 Sept 2026, 1:45 pm | ₹31 | ₹161 |
| 29 Sept 2026, 6:50 pm | ₹22 | ₹150 |
| 29 Sept 2026, 6:45 pm | ₹20 | ₹150 |
| 29 Sept 2026, 1:50 pm | ₹28 | ₹163 |
| 29 Sept 2026, 1:45 pm | ₹33 | ₹163 |
| 29 Sept 2026, 8:50 am | ₹33 | ₹163 |
| 29 Sept 2026, 8:45 am | ₹33 | ₹163 |
| 28 Sept 2026, 6:50 pm | ₹32 | ₹160 |
| 28 Sept 2026, 6:45 pm | ₹30 | ₹160 |
| 28 Sept 2026, 1:50 pm | ₹32 | ₹163 |
| 28 Sept 2026, 1:45 pm | ₹33 | ₹163 |
| 28 Sept 2026, 8:50 am | ₹33 | ₹163 |
| 28 Sept 2026, 8:45 am | ₹33 | ₹163 |
| 26 Sept 2026, 6:50 pm | ₹32 | ₹162 |
| 26 Sept 2026, 6:45 pm | ₹32 | ₹162 |
| 26 Sept 2026, 1:50 pm | ₹32 | ₹162 |
| 26 Sept 2026, 1:45 pm | ₹32 | ₹162 |
| 26 Sept 2026, 8:50 am | ₹27 | ₹152 |
| 26 Sept 2026, 8:45 am | ₹22 | ₹152 |
| 25 Sept 2026, 6:50 pm | ₹23 | ₹152 |
| 25 Sept 2026, 6:45 pm | ₹22 | ₹152 |
| 25 Sept 2026, 1:51 pm | ₹22 | — |
| 25 Sept 2026, 1:45 pm | ₹22 | ₹152 |
| 25 Sept 2026, 8:50 am | ₹22 | ₹152 |
| 25 Sept 2026, 8:45 am | ₹22 | ₹152 |
| 24 Sept 2026, 6:50 pm | ₹13 | ₹143 |
| 24 Sept 2026, 6:45 pm | ₹13 | ₹143 |
| 24 Sept 2026, 1:50 pm | ₹12 | ₹142 |
| 24 Sept 2026, 1:45 pm | ₹12 | ₹142 |
| 24 Sept 2026, 8:50 am | ₹12 | ₹142 |
| 24 Sept 2026, 8:45 am | ₹12 | ₹142 |
| 23 Sept 2026, 6:50 pm | ₹6 | ₹130 |
| 23 Sept 2026, 6:45 pm | ₹0 | ₹130 |
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹130
- Issue size
- ₹218.4 Cr
- Lot size
- 115
- Opens
- 28 Sept 2026
- Closes
- 30 Sept 2026
- Allotment
- 1 Oct 2026
- Listing
- 6 Oct 2026
- Est. listing price
- ₹192
- Listing price
- ₹148
- Listing gain
- +13.8%
- Registrar
- Kfin Technologies Ltd.
- Minimum investment
- ₹14,950 (1 lot · 115 shares)
- Face value
- ₹5 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital only
- Fresh issue
- ₹218 Cr
- Listing at
- BSE, NSE
- Refunds
- 5 Oct 2026
- Shares credited
- 5 Oct 2026
- Promoter holding
- 84.91% before · 62.71% after
- Lead managers
- Choice Capital Advisors Pvt.Ltd.
Offer documents & links
Subscription by category
As of 30 Sept 2026, 5:55 pm.
Total subscription
125.16x
Full issue details
Details as published for this issue, read 5 Oct 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 28 to 30 Sep, 2026 |
|---|---|
| Listing Date | Tue, Oct 6, 2026 (tentative) |
| Face Value | ₹ 5 per share |
| Price Band | ₹123 to ₹130 |
| Issue Price | ₹130 per share |
| Lot Size | 115 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,68,00,000 shares (agg. up to ₹ 218 Cr) |
|---|---|
| Fresh Issue | 1,68,00,000 shares (agg. up to ₹ 218 Cr) |
| Share Holding Pre Issue | 4,74,71,757 shares |
| Share Holding Post Issue | 6,42,71,757 shares |
IPO Timetable (Tentative)
- IPO Open
- Mon, Sep 28, 2026
- IPO Close
- Wed, Sep 30, 2026
- Allotment
- Thu, Oct 1, 2026
- Refund
- Mon, Oct 5, 2026
- Credit of Shares
- Mon, Oct 5, 2026
- Listing
- Tue, Oct 6, 2026
Issue Reservation
- QIB50.00%
- NII (HNI)15.00%
- Retail35.00%
| Investor Category | Shares | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB | 84,00,000 | 50.00% | NA |
| - Anchor Investor | 50,40,000 | 30.00% | NA |
| - QIB (Ex. Anchor) | 33,60,000 | 20.00% | NA |
| NII (HNI) | 25,20,000 | 15.00% | NA |
| - bNII > ₹10L | 16,80,000 | 10.00% | 1,043 |
| - sNII < ₹10L | 8,40,000 | 5.00% | 521 |
| Retail | 58,80,000 | 35.00% | 51,130 |
| Total | 1,68,00,000 | 100.00% | — |
SRIT India IPO comprises a total issue size of 1,68,00,000 shares. Out of which, 84,00,000 (50.00%) are allocated to QIB , 25,20,000 (15.00%) allocated to NII 58,80,000 (35.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 115 | ₹14,950 |
| Retail (Max) | 13 | 1,495 | ₹1,94,350 |
| S-HNI (Min) | 14 | 1,610 | ₹2,09,300 |
| S-HNI (Max) | 66 | 7,590 | ₹9,86,700 |
| B-HNI (Min) | 67 | 7,705 | ₹10,01,650 |
Investors can bid for a minimum of 115 shares and in multiples thereof.
IPO Anchor Investors
| Bid Date | Fri, Sep 25, 2026 |
|---|---|
| Shares Offered | 50,40,000 |
| Anchor Portion (₹ Cr.) | 65.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 31, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 30, 2026 |
SRIT India IPO raises ₹ 65.52 crore from anchor investors . SRIT India IPO Anchor bid date is September 25, 2026 .
📝 Anchor Investors Letter (PDF)
About SRIT India Ltd.
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.
Competitive Strengths
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.
Company Financials (Restated Consolidated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 614.16 | 496.64 | 428.96 |
| Total Income | 462.54 | 400.50 | 282.22 |
| Profit After Tax | 43.29 | 33.60 | 29.08 |
| EBITDA | 64.77 | 49.81 | 40.99 |
| NET Worth | 193.27 | 93.17 | 80.47 |
| Reserves and Surplus | 169.54 | 72.93 | 53.52 |
| Total Borrowing | 36.15 | 51.30 | 22.28 |
| Amount in ₹ Crore |
SRIT India Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2026 and March 31, 2025.
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| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| CSM Technologies Ltd. | Mainboard | ₹145.78 Cr | ₹113 | 31.05 | ₹107.35 | -5.00% | ₹94.25 |
| Fractal Analytics Ltd. | Mainboard | ₹2,833.90 Cr | ₹900 | 65.5 | ₹847.15 | -5.87% | ₹727.35 |
| ENS Enterprises Ltd. | SME | ₹33.14 Cr | ₹92 | 10.95 | ₹100.80 | +9.57% | ₹101.20 |
| Kratikal Tech Ltd. | SME | ₹39.69 Cr | ₹135 | 17.94 | ₹182.40 | +35.11% | ₹173.00 |
| Genxai Analytics Ltd. | SME | ₹54.66 Cr | ₹116 | 23.41 | ₹97.40 | -16.03% | ₹85.90 |
| Methodhub Software Ltd. | SME | ₹102.49 Cr | ₹194 | 24.19 | ₹162.90 | -16.03% | ₹68.49 |
| Logiciel Solutions Ltd. | SME | ₹39.90 Cr | ₹193 | 20.35 | ₹146.70 | -23.99% | ₹29.00 |
| Workmates Core2Cloud Solution Ltd. | SME | ₹69.84 Cr | ₹204 | 14.66 | ₹368.25 | +80.51% | ₹371.45 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements towards modernization of existing products and redevelopment | 12.86 |
| 2 | Funding working capital requirements of the Company | 124.00 |
| 3 | Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | 55.13 |
| 4 | Issue Expenses | 26.42 |
| Total | 218.40 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 30.23% |
| ROCE | 28.79% |
| Debt/Equity | 0.23 |
| RoNW | 30.23% |
| PAT Margin | 9.62% |
| EBITDA Margin | 14.39% |
| NAV | 40.71 |
| P/B (x) | 3.19 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.12 | 6.74 |
| P/E (x) | 14.25 | 19.29 |
| Market Cap at Offer Price | ₹617.13 Cr. | ₹835.53 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group84.91%
- Public15.09%
Post IPO
- Promoter and Promoter Group62.71%
- Public37.29%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 84.91% | 62.71% |
| Public | 15.09% | 37.29% |
| Total | 100% | 100% |
Company Promoters: Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko.
SRIT India IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 1 | 1 |
| Members | 0 | 1 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 91.84 | 33,60,000 | 30,85,70,990 |
| NII | 312.99 | 25,20,000 | 78,87,31,985 |
| bNII (> ₹10L) | 355.80 | 16,80,000 | 59,77,40,330 |
| sNII (< ₹10L) | 227.37 | 8,40,000 | 19,09,91,655 |
| Retail | 63.70 | 58,80,000 | 37,45,68,110 |
| Total | 125.16 | 1,17,60,000 | 1,47,18,71,085 |
The SRIT India IPO is subscribed 125.16 times on September 30, 2026 5:55:00 PM (Day 3). The public issue subscribed 63.70 times in the retail category, 91.84 times in the QIB category, and 312.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
Reload
Total Applications: 31,09,304
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM including underwriting commission, brokerage and selling commission, as applicable | 19.16 |
| 2 | Selling commission and processing feesfor SCSBs (1)(2) and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 3.12 |
| 3 | Processing fees payable to the Sponsor Banks | 0.79 |
| 4 | Fees payable to the Registrar to the Issue | 0.25 |
| 5 | Listing fees, SEBI and Stock Exchanges filing fees, book buildingsoftware fees and other regulatory expenses | 0.76 |
| 6 | Printing and stationery expenses | 0.11 |
| 7 | Advertising and marketing expenses | 0.74 |
| 8 | Fees payable to the legal counsel to the Issue | 1.10 |
| 9 | Fees payable to Statutory Auditor and the independent chartered accountant | 0.07 |
| 10 | Fees payable to the industry service provider | 0.08 |
| 11 | Miscellaneous | 0.25 |
| Total | 26.42 |
IPO Registrar
Kfin Technologies Ltd.
040-79615565
compliance.corp@kfintech.com
IPO Lead Manager(s)
Choice Capital Advisors Pvt.Ltd.
Contact Details
SRIT India Ltd. Address
SRIT House, #113/1B
ITPL Main Road
Kundalahalli
Bengaluru, Karnataka , 560037
+91-80419 51999
cs.nidhi@sritindia.com
SRIT India IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
SRIT India - IPO bonanza: 29 companies to list this week; GMPs signal returns of up to 59%
The Economic Times · 4 Oct 2026
IPOs Next Week: SRIT India, Nityas Gems, Vishal Nirmiti & More To Watch; Check Listing Dates and GMP
Goodreturns · 4 Oct 2026
SRIT India Allotment: How to check status on BSE, NSE, Kfin Technologies
IndiaIPO · 1 Oct 2026
SRIT India Allotment: How to check status on BSE, NSE, Kfin Technologies
financialexpress.com · 1 Oct 2026
SRIT India IPO Allotment Status: Check on NSE, BSE, KFin Technologies
Zee Business · 1 Oct 2026
SRIT India IPO Allotment Status: Check Share Allocation Online
HDFC Sky · 1 Oct 2026
SRIT India IPO allotment today; GMP at 37% — check status at BSE, NSE and registrar
Moneycontrol.com · 1 Oct 2026
SRIT India IPO allotment status: Check application BSE, NSE, Kfin; latest GMP, listing date & more
Business Today · 1 Oct 2026
SRIT India: common questions
Answered from this issue's own record.