SRIT India IPO
SRIT India IPO is a mainboard book-built issue of ₹218.40 crore comprising entirely of a fresh issue of 1.68 crore equity shares.
SRIT India IPO Details
SRIT India IPO is a ₹218.40 crore book-built issue comprising entirely of a fresh issue of 1.68 crore equity shares. The IPO opens on September 28, 2026, and closes on September 30, 2026. The price band is fixed at ₹123 to ₹130 per share and the lot size is 115 shares. SRIT India is a Bengaluru-headquartered Information Technology and IT-enabled Services company providing digital solutions, application development, system integration and managed technology services across healthcare, e-governance and telecommunications and broadband.
SRIT India IPO GMP
SRIT India IPO GMP is currently reported at ₹0 as of September 23, 2026. The grey market premium is an unofficial indicator and can change before the IPO listing. Investors should not treat GMP as a guaranteed indication of the actual listing price.
SRIT India IPO Timeline (Tentative)
The SRIT India IPO is scheduled to open on September 28, 2026, and close on September 30, 2026. The basis of allotment is expected on October 1, refund and share credit are scheduled for October 5, and the tentative listing date is October 6, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Mon, Sep 28, 2026 |
| IPO Close Date | Wed, Sep 30, 2026 |
| Basis of Allotment | Thu, Oct 1, 2026 |
| Initiation of Refunds | Mon, Oct 5, 2026 |
| Credit of Shares to Demat | Mon, Oct 5, 2026 |
| Listing Date | Tue, Oct 6, 2026 |
| IPO Opens | September 28, 2026 |
| IPO Closes | September 30, 2026 |
| Basis of Allotment | October 1, 2026 |
| Refund Initiation | October 5, 2026 |
| Credit of Shares to Demat | October 5, 2026 |
| Listing Date | October 6, 2026 |
SRIT India IPO Lot Size
Investors can bid for a minimum of 115 shares and in multiples thereof. The minimum retail investment at the upper price band is ₹14,950.
| 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 |
SRIT India IPO Reservation
The SRIT India IPO follows the standard mainboard IPO reservation structure, with not more than 50% of the net issue available for QIBs, not less than 15% for NIIs and not less than 35% for retail investors.
SRIT India IPO Subscription
The SRIT India IPO has not opened for subscription yet. The bidding period begins on September 28, 2026.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About SRIT India
SRIT India Limited is a Bengaluru-headquartered Information Technology and IT-enabled Services company established in 1999. The company provides digital solutions, custom application development, system integration and managed technology services to government entities and enterprises in India and select overseas markets. It has more than 26 years of experience in designing, implementing and operating digital platforms.
The company operates across three principal verticals: healthcare, e-governance, and telecommunications and broadband. Its healthcare offerings include hospital information systems, digital health platforms, healthcare software and related implementation and maintenance services. Its e-governance business covers government technology platforms, cybersecurity, enterprise software and digital service delivery, while its telecom and broadband business includes networking, connectivity, fibre-optic infrastructure, system integration and managed services. The company's official website also highlights its use of AI-driven solutions across its technology offerings.
SRIT has executed more than 103 projects over the last decade with an aggregate order value of approximately ₹12,347.16 million for government and enterprise customers. Its project portfolio includes healthcare platforms, banking connectivity, state-wide fibre networks, AI-based traffic management and power transformer monitoring solutions. The company also has an international presence through its Qatar operations.
The company has developed capabilities around large-scale digital transformation and end-to-end automation. Its official website highlights projects involving healthcare networks, e-governance platforms and telecom infrastructure, including the Kerala Fibre-Optic Network and RailWire-related managed services. SRIT also maintains certifications and process appraisals including CMMI Level 5 and ISO certifications covering information security and related management systems.
Strengths
- More than 26 years of experience in IT and IT-enabled services.
- Diversified business presence across healthcare, e-governance and telecom and broadband.
- Established track record of executing large government and enterprise technology projects.
- Growing focus on AI-enabled technology solutions and automation.
- End-to-end digital solutions covering application development, integration, implementation and managed services.
- Established quality and process certifications, including CMMI Level 5 and ISO certifications.
Risks to Consider
- A significant part of the business involves government and enterprise projects, making project awards and renewals important to revenue visibility.
- The company operates in a competitive IT services and system integration industry.
- Large technology projects can involve lengthy implementation cycles and execution requirements.
- Business performance may be affected by delays in project execution, customer approvals or contract renewals.
- The company is exposed to technological changes and the need to continuously develop new digital capabilities.
- Revenue concentration across major projects and customers can affect operating performance if key contracts are delayed or reduced.
SRIT India Financials (₹ Cr)
The financial figures above are based on the restated consolidated financial information presented in the supplied IPO data.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2026 | 462.54 | 43.29 | 614.16 | 193.27 |
| FY2025 | 400.50 | 33.60 | 496.64 | 93.17 |
| FY2024 | 282.22 | 29.08 | 428.96 | 80.47 |
KPIs & Valuation
SRIT India IPO KPIs & Valuation provides key financial and valuation metrics to help investors understand the company’s financial performance and IPO pricing. This section covers important indicators such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and other relevant financial parameters disclosed in the company’s IPO documents.
Objects of the Issue
The company proposes to utilise the net proceeds from the issue towards the following objects:
- Funding capital expenditure requirements towards modernization of existing products and redevelopment.
- Funding working capital requirements of the company.
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Promoters, Lead Managers & Registrar
Choice Capital Advisors Private Limited is the Book Running Lead Manager to the SRIT India IPO, while Kfin Technologies Limited is the registrar to the issue. The SEBI-filed DRHP also identifies Choice Capital Advisors Private Limited as the BRLM and KFin Technologies Limited as the registrar.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Kfin Technologies Limited |
|---|---|
| Phone | 040-79615565 |
| compliance.corp@kfintech.com | |
| Website | https://ipostatus.kfintech.com/ |
SRIT India IPO Review
SRIT India operates in the digital transformation and IT services space, with exposure to healthcare, e-governance and telecom and broadband. Its business model combines software development, system integration, implementation and managed services, giving the company exposure to large-scale technology projects across multiple sectors.
The company's operating track record includes government and enterprise projects covering healthcare systems, digital governance, broadband networks and other technology infrastructure. Its long operating history, project execution experience and diversified vertical presence are relevant factors when assessing its business profile. The company is also expanding its focus on AI-enabled solutions as part of its technology offerings.
Financial performance improved in FY2026. Revenue from operations increased from ₹389.35 crore in FY2025 to ₹450.00 crore in FY2026, while profit after tax increased from ₹33.60 crore to ₹43.29 crore. The company also reported a net worth of ₹193.27 crore as of March 31, 2026.
The IPO is entirely a fresh issue, with the proceeds intended primarily for working capital, capital expenditure and potential inorganic growth initiatives. Investors can evaluate the issue using the final price band, post-issue valuation, financial performance, business concentration, project execution requirements and the company's ability to deploy the IPO proceeds effectively.
How to Apply
Investors can apply for the SRIT India IPO through supported brokers and IPO application platforms during the bidding period from September 28 to September 30, 2026.
Retail investors can bid for a minimum of 115 shares, while applications can be made in multiples of the lot size. At the upper price band of ₹130, one lot requires an investment of ₹14,950. Investors should ensure that the required funds are available in the linked bank account and that the UPI mandate is approved within the prescribed time.
Prospectus & Documents
The SEBI filing records the SRIT India DRHP dated January 29, 2026, while the current IPO information provides the RHP reference for the issue.
Last updated Sep 23, 2026.