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SRIT India IPO Review

SRIT India IPO has been reviewed by 6 analysts, and the overall consensus is May Apply — carrying a score of 62. Out of the 6 analysts who have covered this IPO, 2 recommend subscribing while 4 advise caution or avoidance — reflecting a mixed view from the analyst community.

The issue is priced in the band of ₹123-130 per share, with a minimum application size of 115 shares (minimum investment of approximately ₹14,950 at the upper band). Subscription ran from 28 Sep 2026 to 30 Sep 2026. The issue size is ₹218 crore, entirely a fresh issue. As of now, the grey market premium (GMP) for SRIT India IPO is quoting at ₹61 (46.92%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
62/ 100
May Apply 2 of 6 recommend subscribing
How analysts voted
Apply 2
May apply 2
Neutral 1
Avoid 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

SRIT India is a Bengaluru IT and IT-enabled services company with a 26-year record, building digital platforms mainly for government clients in healthcare, e-governance and telecom. The notes stress an order book of about ₹1,204.7 crore and FY26 profit of ₹43.29 crore, up from ₹33.60 crore. The four analysts are split: one said subscribe, one advised caution, one stayed neutral and one said avoid.

Listing gains

At ₹130 the notes value the issue at about 14 times FY26 pre-issue earnings and about 19 times post-issue, on a market cap near ₹835 crore; the gap comes from the earnings basis. Listed peers are cited at roughly 13 to 36 times. With four notes and an even split, analysts see the pricing as reasonable but not deeply discounted, which pointed to a moderate listing.

Short-term strategy

Proceeds fund modernisation of existing products, working capital and general purposes. Government bodies gave about 89% of FY26 revenue, and the top five clients about 76%. Operating cash flow was negative in FY26, and one note flags that receivables form a large share of net worth. The neutral note says performance will depend on a shorter working-capital cycle and less reliance on government tenders.

Long-term strategy

Analysts credit CMMI Level 5 certification, over 100 completed projects, a presence in 12 states and 8 countries, and a growing AI and healthcare offering. The risks are dependence on government clients, heavy use of sub-contractors and long collection cycles. The single subscribe call is for a long-term horizon, while the neutral note ties the outlook to diversifying away from government tenders.

How this is written: an AI-assisted summary of the 6 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

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Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for SRIT India IPO?

The analyst consensus for SRIT India IPO tracked on this page is May Apply, with a score of 62/100. Out of 6 analysts who have reviewed this IPO, 2 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 62 mean for SRIT India IPO?

The score of 62 is an aggregate of all analyst ratings tracked for SRIT India IPO. A score in this range reflects mixed views — some analysts are positive while others are cautious. Read the individual analyst verdicts above for more context.

What was the actual listing price of SRIT India IPO?

SRIT India IPO listed on October 6, 2026 at ₹148, against the issue price of ₹130 — a gain of +13.85% (₹18 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of SRIT India IPO?

SRIT India IPO was priced at ₹123-130 per share. The minimum lot size is 115 shares, making the minimum investment approximately ₹14,950 at the upper end of the price band. Subscription ran from 28 Sep 2026 to 30 Sep 2026.

Explore SRIT India IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

SRIT India IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
May Apply
Score
62 / 100
Listed at
₹148
Full IPO details
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