SRIT India IPO
Updated 23 Sept 2026, 1:50 pm.
Minimum investment (Retail)
₹14,950
1 lot · 115 shares at the upper price band
Price band
₹123–130
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹218.4 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- Mainboard
- Price band
- ₹123–130
- 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
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- 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
Full issue details
Details as published for this issue, read 23 Sept 2026, 2:05 pm. Verify against the RHP before applying.
IPO Details
| IPO Date | 28 to 30 Sep, 2026 |
|---|---|
| Listing Date | Tue, Oct 6, 2026 T |
| Face Value | ₹ 5 per share |
| Price Band | ₹123 to ₹130 |
| 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
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 115 | ₹14,950 |
| Retail (Max) | 13 | 1495 | ₹1,94,350 |
| S-HNI (Min) | 14 | 1610 | ₹2,09,300 |
| S-HNI (Max) | 66 | 7590 | ₹9,86,700 |
| B-HNI (Min) | 67 | 7705 | ₹10,01,650 |
Investors can bid for a minimum of 115 shares and in multiples thereof.
IPO Subscription Details
About SRIT India Ltd.
SRIT India Ltd. is an India-based Information Technology and Information Technology-enabled Services ("IT/ITeS") company headquartered in Bengaluru, specialising in digital transformation and system automation through bespoke application development and systems integration. Over the past twenty-six years, the company has built deep capabilities in conceptualising, deploying, and managing digital platforms for government organisations and enterprise clients across India and select international markets.
Its business operations are aligned across three principal verticals: (i) Healthcare, (ii) Electronic Governance, and (iii) Telecommunications and Broadband.
Its ongoing and completed engagements include the delivery of AI-enabled solutions for public safety and transportation systems; end-to-end computerisation of core and ancillary operations for a state-owned beverage distribution and retail corporation; and the development, maintenance, and handholding support of multiple digital platforms such as Supply Management Information Systems, Health Management Information Systems, e-Prescription platforms, and online licensing solutions.
As of September 30, 2025, its outstanding order book stood at ₹12,806.21 million. Over the last decade, the company has successfully executed over 103 projects, representing a cumulative order value of ₹12,347.16 million, across the healthcare, electronic governance, and telecommunications and broadband sectors.
The company serves a broad and diversified customer base comprising: (i) government bodies and public sector entities, including Central, State, and local government departments and institutions that procure technology solutions for administrative, infrastructure, and public service delivery purposes (collectively, "Government"); and (ii) private sector businesses and enterprises (collectively, "Enterprises").
Competitive Strengths:
Established track record with end-to-end product solution and integration capabilities
Diverse Order Book across offerings for multiple clients & geographies
Extensive geographic footprint with scalable operations across key markets
Strong financial performance and healthy balance sheet
Experienced Promoters and Senior Management team, having domain knowledge
Company Financials (Restated Consolidated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 548.05 | 496.64 | 428.96 | 333.41 |
| Total Income | 237.52 | 400.50 | 282.22 | 162.93 |
| Profit After Tax | 19.92 | 33.60 | 29.08 | 15.04 |
| EBITDA | 32.07 | 49.81 | 40.99 | 22.51 |
| NET Worth | 156.18 | 93.17 | 80.47 | 51.30 |
| Reserves and Surplus | 133.17 | 72.93 | 53.52 | 24.35 |
| Total Borrowing | 46.03 | 61.84 | 24.83 | 17.60 |
| Amount in ₹ Crore |
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IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements towards modernization of existing products and redevelopment | 15.36 |
| 2 | Funding working capital requirements of our Company | 124.00 |
| 3 | Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | — |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| RoNW | 30.23% |
| NAV | 40.71 |
| Price to Book Value | 3.19 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.08 | 6.20 |
| P/E (x) | 18.36 | 20.97 |
| 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, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 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 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
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: common questions
Answered from this issue's own record.
