Mumbai.
The ₹218.40 crore initial public offering (IPO) of SRIT India launched today, September 28, 2026, and achieved full subscription on its opening day. By the close of Day 1 bidding, the public issue recorded bids for approximately 1.17 crore equity shares against 1.176 crore shares offered to public investors, reaching an overall subscription status of 1.00x.
Strong retail enthusiasm anchored the issue’s opening day performance, compensating for slow initial bidding across institutional investor segments.
SRIT India IPO Day 1 Category-Wise Subscription Breakdown
Retail Individual Investors (RIIs) led the bidding, with demand exceeding the total shares set aside for the category. The Non-Institutional Investor (NII) portion saw steady interest, while Qualified Institutional Buyers (QIBs) held back on the first day—a common trend in public issues where institutional orders typically materialize on the final day.
| Investor Category | Subscription Level |
| Qualified Institutional Buyers (QIB) | 0.00x |
| Non-Institutional Investors (NII) | 0.90x |
| Retail Individual Investors (RII) | 1.61x |
| Overall Subscription | 1.00x |
Key Overview of the SRIT India Public Issue
The issue is structured entirely as a fresh issue of equity shares with no offer-for-sale (OFS) component, meaning 100% of the funds raised will go directly to the company’s balance sheet.
| Parameter | Key Details |
| Issue Size | ₹218.40 Crore |
| Price Band | ₹123 – ₹130 per share |
| Lot Size | 115 shares |
| Minimum Retail Investment | ₹14,950 (1 lot at upper band) |
| IPO Opening Date | September 28, 2026 |
| IPO Closing Date | September 30, 2026 |
| Tentative Allotment Date | October 1, 2026 |
| Tentative Listing Date | October 6, 2026 |
| Proposed Stock Exchanges | BSE & NSE |
Utilization of Proceeds
SRIT India plans to allocate the net proceeds toward:
- Modernisation of core product lines
- Meeting working capital requirements
- Funding strategic growth initiatives
- General corporate purposes
Important Timeline for Investors
Investors looking to participate in the SRIT India public offer have until September 30, 2026, to submit their bids through ASBA or UPI handles via stockbrokers.
- September 30, 2026: Bidding window closes
- October 1, 2026: Finalisation of the basis of allotment
- October 5, 2026: Processing of refunds and credit of equity shares to demat accounts
- October 6, 2026: Expected listing on BSE and NSE
For more ongoing updates on mainboard issues, market news, and business developments, explore the latest financial coverage on Matribhumi Samachar English.
Frequently Asked Questions (FAQ)
What was the overall subscription status for SRIT India IPO on Day 1?
The SRIT India IPO reached approximately 1.00x overall subscription on Day 1, receiving bids for 1.17 crore shares against 1.176 crore shares offered.
What is the minimum lot size and investment required for retail investors?
The minimum lot size is 115 shares. At the upper price band of ₹130 per share, the minimum investment requirement for a retail investor is ₹14,950.
When will SRIT India shares be allotted and listed on stock exchanges?
The basis of allotment is tentatively scheduled for October 1, 2026, and the shares are expected to list on BSE and NSE on October 6, 2026.
Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Stock market investments, including IPO subscriptions, carry risk. Past subscription trends and Grey Market Premiums (GMP) do not guarantee future listing gains or returns. Investors should conduct independent research or consult a certified financial advisor before placing bids.
