The SRIT India IPO is a book built public issue to mobilise Rs 218.40 crore from the capital markets. While there is no offer-for-sale component, the entire issue is a fresh issue of 1.68 crore equity shares. The company has set a price band of Rs 123 to Rs 130 per share. Retail investors can bid for a minimum lot size of 115 equity shares (known as a basic lot size), which would require an investment of Rs 14,950 at Rs 130 apiece. Choice Capital Advisors Pvt. Ltd. is the sole book running lead managers to the issue and Kfin Technologies Ltd. is the official issue registrar.
The issue opening date for SRIT India IPO is on 28 September 2026 and closes on 30 September 2026. The list of allotment expected on October 1, 2026, and refunds and credit of equity shares are in Demat accounts expected to open on October 2, 2026. Expected listing of equity shares expected on NSE & BSE on 6th October 2026. To read the SRIT India RHP for more information like business, financials, risk, and use of proceeds, you can click.
SRIT India IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| SRIT India | Thu, Oct 1, 2026 | Tue, Oct 6, 2026 | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
SRIT India IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 28 to 30 Sep, 2026 |
| Listing Date | Tue, Oct 6, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹123 to ₹130 |
| Lot Size | 115 Shares |
| Sale Type | Fresh capital cum OFS |
| 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) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,74,71,757 shares |
| Share Holding Post Issue | 6,42,71,757 shares |
SRIT India IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Mon, Sep 28, 2026 |
| IPO Close Date | Wed, Sep 30, 2026 |
| Tentative Allotment | Thu, Oct 1, 2026 |
| Initiation of Refunds | Mon, Oct 5, 2026 |
| Credit of Shares to Demat | Mon, Oct 5, 2026 |
| Tentative Listing Date | Tue, Oct 6, 2026 |
SRIT India Lot Size Details
| 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 |
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 |
SRIT India IPO – GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 25-Sep 22:02 | ₹130 | ₹32 (24.62%) ▲ | ₹162 | ₹3,680 |
| 24-Sep 15:02 | ₹130 | ₹21 (16.15%) ▲ | ₹151 | ₹2,415 |
| 23-Sep 23:37 | ₹130 | ₹12 (9.23%) ─ | ₹142 | ₹1,380 |
Overview of SRIT India
SRIT India Limited: Business Profile & Key Operations
About SRIT India Ltd.: Founded in September 1999, SRIT India Limited is an IT / ITeS company based in Bangalore. With a presence in the industry for more than 26 years, the company offers custom application development, system integration and large IT digital platform deployments to government organizations and corporate clients in India and global geographies like Qatar.
The technology company delivers digital architectures fully across the software stack from cyber security and cloud-enabled networking to an automation-driven managed service. As part of the larger technology scope, SRIT India has also started integrating artificial intelligence (AI) into its SW4 project for AI-enabled traffic management, grid health prediction, and Intelligent Utility management.
Project Execution Track Record & Financial Performance
During last decade, SRIT India has delivered more than 103 high value IT projects (~12347.16 Mn) in public and private sector. Major implementations include a statewide fibre-optic backbone network, nationwide banking connectivity network, a AI based traffic management platform, and smart monitoring of power transformers.
About SRIT India SRIT India has been ranked as a leader for software delivery quality based on various excellence standards (CMMI Level 5 appraisal, SSE-CMM and several ISO certified standards ISO/IEC 27001:2022, ISO 27034-1:2011 and ISO 45001:2018). The organization employs 184 qualified IT technical resources (177 permanent and 7 contractual employees) and 107 consultants as at 30 June 2026.
Key Strengths & Growth Drivers
- Deep Industry Footprint: 22+ years of execution experience with proven success in winning high value e-governance and healthcare deals.
- Multiple Vertical Exposure: Revenue continuity from public health IT, national telecom backbone, and statewide e-governance.
- AI Integration: Launch of AI powered tools into existing software packages for client lifetime value and retention growth.
- Consistent Top-Line & Bottom-Line Growth: Strong Q1 revenue growth driven by solid revenue growth at the government and enterprise contracts on the high margin, stable businesses.
- Quality excellence level: CMMI level 5 appraised delivery architecture for steadfast execution.
Company Financials
SRIT India Financial Information (Restated Standalone)
| 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 |
Key Performance Indicator (KPI)
The market cap. of SRIT India IPO is for Pre IPO ₹617.13 Cr., & for Post IPO ₹835.53Crores.
KPI as of Mar 31, 2025
| 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 |
| Price to Book Value | 3.19 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.12 | 6.74 |
| P/E (x) | 14.25 | 19.29 |
| Company Promoters: | Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko. | |
| Promoter and Promoter Group | 84.91% | 62.71% |
| Public | 15.09% | 37.29% |
| Total | 100% | 100% |
SRIT India IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Funding of capital expenditure requirements towards modernization of existing products and redevelopment | 12.86 |
| Funding working capital requirements of the Company | 124.00 |
| Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | – |
| Total | 136.86 |
SRIT India IPO Contact Details
- SRIT India Ltd.
- SRIT House, #113/1B
- ITPL Main Road
- Kundalahalli
- Bengaluru, Karnataka, 560037
- +91-80419 51999
- cs.nidhi@sritindia.com
- Website: https://www.sritindia.com/
SRIT India IPO Registrar
Kfin Technologies Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 040-79615565 |
| Email: | compliance.corp@kfintech.com |
| Website: | https://ipostatus.kfintech.com/ |
SRIT India IPO FAQs
When SRIT India IPO become available?
The IPO will open on Mon, Sep 28, 2026.
What is the minimum lot size for the SRIT India IPO?
The minimum lot size is 115 shares.
When will the shares for the SRIT India IPO be allotted?
The allotment is expected to be finalized on Thu, Oct 1, 2026
What is the expected listing date for the SRIT India IPO?
The tentative listing date is Tue, Oct 6, 2026.
How can I apply for the SRIT India IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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