Bengaluru.
- Key Snapshot of SRIT India IPO
- Retail Investment Application Breakdown
- Category-Wise Reservation Structure
- What Does SRIT India Do?
- SRIT India Financial Track Record
- Objects of the Issue & Proceeds Utilization
- Key Risk Factors to Consider
- Today’s Grey Market Premium (GMP)
- Important Timeline & Dates
- How to Apply via ASBA / UPI
The initial public offering (IPO) of Bengaluru-headquartered IT and digital platforms solution provider SRIT India Limited has officially opened for subscription today, September 28, 2026, and will close on September 30, 2026. The company aims to raise ₹218.40 crore through a 100% fresh issue of 1.68 crore equity shares.
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Key Snapshot of SRIT India IPO
| Metric / Parameter | Details |
| IPO Issue Size | ₹218.40 Crore (Fresh Issue) |
| Price Band | ₹123 – ₹130 per share |
| Lot Size | 115 shares |
| Face Value | ₹5 per equity share |
| Market Capitalization | ₹835.53 Crore (at upper price band) |
| Listing Exchanges | BSE and NSE |
| Registrar | KFin Technologies Limited |
| Lead Manager | Choice Capital Advisors Pvt. Ltd. |
Retail Investment Application Breakdown
Individual retail investors can bid for a minimum of 1 lot (115 shares) requiring a minimum investment of ₹14,950 at the upper price band of ₹130. Bids for retail investors are capped at 13 lots (1,495 shares), staying under the ₹2 lakh retail limit.
| Application | Lots | Shares Offered | Total Amount at ₹130 (Upper Price) |
| Retail (Minimum) | 1 Lot | 115 Shares | ₹14,950 |
| Retail | 2 Lots | 230 Shares | ₹29,900 |
| Retail | 5 Lots | 575 Shares | ₹74,750 |
| Retail | 10 Lots | 1,150 Shares | ₹1,49,500 |
| Retail (Maximum) | 13 Lots | 1,495 Shares | ₹1,94,350 |
| sHNI (Minimum) | 14 Lots | 1,610 Shares | ₹2,09,300 |
| bHNI (Minimum) | 67 Lots | 7,705 Shares | ₹10,01,650 |
Category-Wise Reservation Structure
The total issue of 1,68,00,000 equity shares is structured across multiple investor categories as follows:
- Qualified Institutional Buyers (QIBs): 84,00,000 shares (50.00% of total issue)
- Anchor Portion: 50,40,000 shares (raised ₹65.52 crore on Sep 25, 2026)
- Net QIB: 33,60,000 shares
- Retail Individual Investors (RIIs): 58,80,000 shares (35.00% of total issue)
- Non-Institutional Investors (NIIs / HNIs): 25,20,000 shares (15.00% of total issue)
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What Does SRIT India Do?
Incorporated in 1999, SRIT India Limited is a 26-year-old technology solutions provider that develops and deploys digital platforms, customized software applications, and integrated IT infrastructure solutions. Its operations span three main verticals:
- Healthcare Technology: Providing hospital information systems (HIS), digital health platforms, and enterprise administrative tools.
- E-Governance: Partnering with public sector undertakings (PSUs) and central/state government departments for custom platform development, automation, and system integration.
- Telecommunications and Broadband: Managing fiber optics infrastructure, connectivity solutions, and network automation.
SRIT India Financial Track Record
The company has demonstrated consistent operational growth across revenue, operating margins, and profit after tax (PAT) over the past three fiscal years:
| Metric | FY24 | FY25 | FY26 |
| Total Revenue | ₹282.22 Cr | ₹400.50 Cr | ₹462.54 Cr |
| Profit After Tax (PAT) | ₹29.08 Cr | ₹33.60 Cr | ₹43.29 Cr |
| Net Worth | ₹80.47 Cr | ₹93.17 Cr | ₹193.27 Cr |
| Total Borrowings | ₹22.28 Cr | ₹51.30 Cr | ₹36.15 Cr |
| Debt to Equity Ratio | — | — | 0.23 |
| ROE / RONW | — | — | 30.23% |
Objects of the Issue & Proceeds Utilization
SRIT India Limited plans to deploy the fresh capital raised through the IPO for specific growth and operational needs:
- Funding Working Capital Requirements: ₹124.00 Crore
- Technology Modernisation & Platform Redevelopment: ₹12.86 Crore
- Inorganic Growth & Strategic Initiatives / Corporate Purposes: Balance proceeds
Key Risk Factors to Consider
Before applying for the issue, investors should evaluate the following business risks highlighted in the Prospectus:
- High Dependency on Government Projects: Over 89.41% of FY26 revenues were derived from government and public-sector tenders. Delays in government schedules or payment cycles could directly impact operational cash flows.
- Client Concentration: The top 10 customers accounted for over 89% of revenue in recent fiscal years.
- Declining Order Book: The overall order book decreased from ₹1,476.90 crore in FY25 to ₹1,182.80 crore at the end of FY26.
Today’s Grey Market Premium (GMP)
As of September 28, 2026, the Grey Market Premium (GMP) for the SRIT India IPO is trading around ₹25 to ₹33 per share. Based on the upper price band of ₹130:
- Upper Price Band: ₹130
- Reported GMP: ₹25 – ₹33 per share
- Indicative Listing Price: ₹155 – ₹163 (~19% to 25% premium)
Note: GMP is an unregulated secondary indicator and should not replace fundamental valuation analysis.
Important Timeline & Dates
| Event | Tentative Date |
| Anchor Allocation Date | September 25, 2026 |
| IPO Opening Date | September 28, 2026 |
| IPO Closing Date | September 30, 2026 |
| Basis of Allotment Finalization | October 1, 2026 |
| Initiation of Refunds / Credit of Shares | October 5, 2026 |
| Tentative Listing Date (BSE & NSE) | October 6, 2026 |
How to Apply via ASBA / UPI
- Log in to your trading terminal, stock broker app, or Net Banking facility.
- Navigate to the IPO Application section and select SRIT India Limited.
- Select your investor category (e.g., Retail Individual).
- Enter your bid lot size (minimum 115 shares or multiples) and bid price within ₹123–₹130.
- Enter your UPI ID (if applying via UPI) and approve the mandate on your mobile banking app before the closing cutoff.
Frequently Asked Questions (FAQs)
What is the lot size and price band for the SRIT India IPO?
The price band is fixed at ₹123–₹130 per share, and the minimum lot size is 115 equity shares (minimum retail investment of ₹14,950 at the cut-off price).
When will the SRIT India IPO allotment be finalized?
The tentative allotment date is October 1, 2026. Investors can verify their status on the registrar website (KFin Technologies Limited).
What is the issue size of the SRIT India IPO?
The total issue size is ₹218.40 crore, which consists entirely of a fresh issue of 1.68 crore equity shares.
Disclaimer
Investments in equity shares and initial public offerings (IPOs) are subject to market risk. Read all scheme and offer documents carefully before investing. Grey Market Premium (GMP) numbers are strictly indicative, non-exchange-traded, and subject to volatility. This article is published for informational purposes only and does not constitute financial or investment advice.
