SRIT India IPO
SRIT India IPO — date, price band, lot size & details 2026
SRIT India listed on 6 Oct 2026 at ₹148, 13.8% above the ₹130 issue price.
SRIT India Limited is a Bengaluru IT and IT-enabled services company building digital platforms for government and enterprises across healthcare, e-governance and telecom and broadband, including health information systems, cybersecurity, fibre infrastructure and system integration. It has 26 years of experience.
Stock price
SRIT India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 October.
- Open 28 Sep 2026
- Close 30 Sep 2026
- Allotment 01 Oct 2026
- Refund/credit 05 Oct 2026
- Listing 06 Oct 2026
Latest news
Our news coverage of SRIT India, newest first.
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 to 30 Sep, 2026 |
|---|---|
| Price Band | ₹123 – ₹130 |
| Face Value | ₹5 |
| Lot Size | 115 Shares |
| Issue Size | ₹218.4 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,950 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 115 shares at the ₹130 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Sales have grown strongly, from Rs 282.22 crore in FY2024 to Rs 400.50 crore in FY2025 and Rs 462.54 crore in FY2026.
- 02Profit has grown every year, from Rs 29.08 crore in FY2024 to Rs 33.60 crore in FY2025 and Rs 43.29 crore in FY2026.
- 03EBITDA improved from Rs 40.99 crore in FY2024 to Rs 64.77 crore in FY2026.
- 04Return ratios are healthy, with RoNW of 30.23% and RoCE of 28.79%.
- 05The company has a long record of 26 years, having started in September 1999.
- 06It works in three different areas, healthcare, e-governance and telecom, so it is not dependent on one type of project.
- 07Net worth more than doubled in FY2026, from Rs 93.17 crore to Rs 193.27 crore, and borrowing came down from Rs 51.30 crore to Rs 36.15 crore.
- 08The whole issue is fresh capital with no offer for sale.
Risks · 8
- 01Most of the work is for government bodies, which award projects through tenders, pay slowly and can delay or cancel spending with budget changes.
- 02Rs 124 crore of the Rs 218.4 crore issue goes into working capital, which shows how much cash government projects tie up before payment arrives.
- 03A part of the money is kept for inorganic growth through unidentified acquisitions, so investors do not know where that money will go.
- 04The issue is priced at about 19.29 times earnings on an EPS of Rs 6.74.
- 05The profit margin is moderate at 9.62%, and IT project work is priced competitively.
- 06Net worth doubled in a single year, so earlier year ratios are not directly comparable with the latest year.
- 07Technology projects carry execution risk, and a delayed or disputed government contract can hold up payment for a long time.
- 08Promoter holding will come down from 84.91% to 62.71% after the issue.
Three years of numbers
All figures in ₹ crore, as reported in the SRIT India offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the SRIT India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
SRIT India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹9.12 | ₹6.74 |
| P/E Ratio (x) | 14.25 | 19.29 |
| Market Cap at Offer Price (₹ Cr) | ₹617.07 | ₹835.53 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹130 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹136.86 Cr of the issue is earmarked to named objects.
SRIT India IPO Anchor Investors
9 anchor investors across 9 fund houses committed ₹65.52 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Abakkus Venture Opportunities Fund | Abakkus | 769,235 | 10.00 | 15.26% |
| Founders Collective Fund | Founders Collective Fund | 769,235 | 10.00 | 15.26% |
| Taurus Ethical Fund | Taurus Mutual Fund | 769,350 | 10.00 | 15.26% |
| Saint Capital Fund | Saint Capital | 769,235 | 10.00 | 15.26% |
| Meru Investment Fund Pcc-Cell 1 | Meru Investment | 424,245 | 5.52 | 8.42% |
| Smart Horizon Opportunity Fund | Smart Horizon | 384,675 | 5.00 | 7.63% |
| Steptrade Revolution Fund | Steptrade | 384,675 | 5.00 | 7.63% |
| Abundantia Capital Vcc-Abundantia Capital Iii | Abundantia | 384,675 | 5.00 | 7.63% |
| Holani Venture Capital Fund-Holani Venture Capital Fund I | Holani Venture | 384,675 | 5.00 | 7.63% |
| Total anchor allocation | 65.52 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It works across three areas. In healthcare it builds hospital and health information systems and digital health platforms. In electronic governance it builds e-governance solutions for government departments. In telecom and broadband it handles networking, connectivity and fibre optic infrastructure.
Its wider range covers cybersecurity, enterprise software, system integration, automation and managed services. It also offers solutions that can be configured and connected with third-party platforms, and has started developing AI enabled solutions across its main areas. With 26 years in the industry, it has built a long record of executing government technology projects.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
+91-80419 51999
The bankers & the filings
Who is running the book, and the documents this page is built from.
SRIT India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Choice Capital Advisors Pvt.Ltd.
7 issues handled (4 mainboard, 3 SME)Best listing: Adroit Industries (India) (+75.4%). Weakest: Sonaselection India (+3.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of SRIT India?
The current Grey Market Premium is ₹61, or 46.92% over the issue price.
What is the SRIT India IPO price band?
₹123 to ₹130, on a face value of ₹5.
When is the allotment?
The basis of allotment is 1 October 2026, with listing on 6 October 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
