About SRIT India
SRIT India Limited mainboard IPO opens for subscription on September 28, 2026 and closes on September 30, 2026. The issue is valued at ₹218.40 crore and consists entirely of a fresh issue of shares with no Offer for Sale (OFS) component.
Key IPO Overview
| Metric | Details |
| Price Band | ₹123 – ₹130 per share |
| Face Value | ₹5 per equity share |
| Total Issue Size | ₹218.40 Cr (1.68 crore shares) |
| Fresh Issue | ₹218.40 Cr |
| Offer For Sale (OFS) | Nil |
| Minimum Lot Size | 115 Shares (₹14,950) |
| Quota Allocation | QIB: 50% | Retail: 35% | NII: 15% |
| Listing Exchanges | BSE, NSE |
| Registrar | KFin Technologies Limited |
Live Grey Market Premium (GMP)
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Current GMP: ₹12 – ₹13 per share
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Upper Price Band: ₹130
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Estimated Listing Price: ₹142 – ₹143
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Expected Listing Gain: ~9.23% – 10.00%
Application Categories & Lot Sizes
| Category | Application | Lots | Shares | Min Investment (Upper Price) |
| Retail (Min) | Minimum | 1 | 115 | ₹14,950 |
| Retail (Max) | Maximum | 13 | 1,495 | ₹1,94,350 |
| sHNI (Min) | ₹2L – ₹10L | 14 | 1,610 | ₹2,09,300 |
| bHNI (Min) | Above ₹10L | 67 | 7,705 | ₹10,01,650 |
Financial Snapshot & Objectives
SRIT India Limited is a Bengaluru-based system integrator and software platform vendor with operations spanning healthcare, e-governance, and telecom platforms.
Key Financials (₹ in Crore)
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FY23 Revenue: ₹151.85 Cr | PAT: ₹15.04 Cr
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FY24 Revenue: ₹271.09 Cr | PAT: ₹29.08 Cr
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FY25 Revenue: ₹389.35 Cr | PAT: ₹33.60 Cr
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Order Book: ₹1,280.62 Cr (as of September 2025)
Objects of the Issue
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₹124.00 Cr: Funding long-term and short-term working capital requirements.
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₹12.86 – ₹15.36 Cr: Capital expenditure towards product modernization and software redevelopment.
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General Corporate: Inorganic expansion and strategic initiatives.