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SRIT India Limited IPOLISTED
SRIT India Limited is a Bengaluru-based IT/ITeS solutions company providing digital platforms, custom application development and system integration services to Government and Enterprise customers.
Listing price
₹148
Listing gain
+13.85%
Current
₹148
Listed
06 Oct 26
Opens
28 Sept 26Closes
30 Sept 26Allotment
01 Oct 26Refund
05 Oct 26Demat
05 Oct 26Listing
06 Oct 26Listed at
₹148
+13.85% on 06 Oct 26
Overview
Price band
₹123-130
Lot size
115 shares
Min. investment
₹14,950
Issue size
₹218.40 Cr
1.68 Cr shares
Fresh issue
₹218.4 Cr
1.68 Cr shares
Face value
₹5 / share
Issue type
Book Built Issue
Listing at
NSE, BSE
Reservation
| Category | Shares offered | % of issue |
|---|---|---|
| Anchor Investor | 50,40,000 | 30% |
| QIB | 33,60,000 | 20% |
| NII (HNI) | 25,20,000 | 15% |
| B-HNI | 16,80,000 | 10% |
| S-HNI | 8,40,000 | 5% |
| Individual | 58,80,000 | 35% |
| Total | 1,68,00,000 | 100% |
Lot size & investment
| 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 |
Listing performance
NSE/BSE: SRITListing gain
+13.85%
Gain per retail lot
₹2,070
Latest vs issue
—
GMP was
₹32 (+24.62%)
Issue price
GMP estimate
Listing price
Latest price appears here during market hours.
SRIT India Limited Live GMP
Not enough GMP history yet to draw a trend.
Subscription
30 Sept, 06:51 pmOversubscribed 125.16 times · 31,09,396 applications
Total applications
31,09,396
Total bid amount
₹19,134 Cr
Category breakdown
| Category | Shares offered | Shares bid | Times | Bid amount |
|---|---|---|---|---|
| QIB | 33,60,000 | 30,85,70,990 | 91.84x | ₹4,011 Cr |
| NII (HNI) | 25,20,000 | 78,87,33,595 | 312.99x | ₹10,254 Cr |
| B-HNI | 16,80,000 | 59,77,40,330 | 355.80x | ₹7,771 Cr |
| S-HNI | 8,40,000 | 19,09,93,265 | 227.37x | ₹2,483 Cr |
| Retail | 58,80,000 | 37,45,75,240 | 63.70x | ₹4,869 Cr |
| Total | 1,17,60,000 | 1,47,18,79,825 | 125.16x | ₹19,134 Cr |
Application-wise breakup
| Category | Applications reserved | Applied | Times |
|---|---|---|---|
| B-HNI | 1,043 | 76,994 | 73.82x |
| S-HNI | 522 | 1,15,923 | 222.07x |
| Retail | 51,130 | 29,21,107 | 57.13x |
Allotment chance per application is roughly 1 ÷ times for the category (lottery for retail and S-HNI).
Financials
(₹ in crores)
Key performance indicators
As of 31 Mar 2026ROE
30.23%
PAT Margin
9.62%
ROCE
28.79%
EBITDA Margin
14.39%
Debt to Equity Ratio
0.23
Price to Book Value
3.19
RoNW
30.23%
Valuation vs listed peers
EPS Pre IPO
₹9.12
EPS Post IPO
₹6.74
P/E Pre IPO
14.25
P/E Post IPO
19.29
Price-to-earnings
| Company | P/E | P/B | RoNW | Face value |
|---|---|---|---|---|
| Mastek Limited | 12.59 | — | — | ₹5 |
| Railtel Corporation of India Limited | 24.03 | — | — | ₹10 |
| Protean eGov Technologies Ltd | 19.8 | — | — | ₹10 |
| Allied Digital Services Limited | 15.52 | — | — | ₹5 |
| Aurionpro Solutions Limited | 18.62 | — | — | ₹10 |
Peer median P/E 18.6× · Ratios as disclosed in the offer document.
Buzz AI analysis
From this IPO's filings and market data · educational, not investment advice
Revenue growth FY24 → FY26
+63.9%
Profit growth FY24 → FY26
+48.9%
P/E vs peer median
19.3× vs 18.6×
- PAT margin 9.6% and ROCE 28.8%.
- Priced above its listed-peer median P/E.
Strengths & risks
- Strong Track Record with 26 years of experience.
- Healthy Order Book of ₹12,047.17 million.
- End-to-End Capabilities across IT solutions and integration.
- Strong Certifications including CMMI Level 5 and ISO certifications.
- Diversified Verticals across healthcare, e-governance and telecom.
Buzz score · Neutral
From GMP, subscription and issue size
Objects of the issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding of capital expenditure requirements towards modernization of existing products and redevelopment. | 12.86 |
| Funding working capital requirements of the Company. | 124 |
| Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. | - |
Company & documents
SRIT India Limited is a Bengaluru-headquartered IT/ITeS solutions company with 26 years of experience in designing and implementing digital platforms for Government and Enterprise customers across India and select overseas markets. The Company provides digital solutions, custom application development, software integration and system integration services.
Business Verticals:
- Healthcare: Hospital information systems, digital health platforms and healthcare IT services.
- Electronic Governance: E-governance, cybersecurity, enterprise software and digital solutions.
- Telecommunications & Broadband: Networking, connectivity, fibre infrastructure and managed services.
SRIT offers in-house software and third-party technologies tailored to client needs, covering development, integration, deployment, migration and maintenance. The Company is also expanding its AI capabilities, including video analytics and conversational AI.
Over the last decade, SRIT has executed 103+ projects worth ₹12,347.16 million. As of June 30, 2026, its Order Book stood at ₹12,047.17 million, led by electronic governance, telecom and broadband, and healthcare.
The Company combines in-house technology, strategic partnerships and end-to-end project execution, serving Government and Enterprise customers. Its processes are appraised at CMMI Level 5 and SSE-CMM, supported by multiple ISO certifications.
As of June 30, 2026, the Company had 177 permanent employees, 7 contract-specific employees and 107 consultants.
Registrar
Company contact
SRIT India Ltd.
SRIT House, #113/1B ITPL Main Road, Kundalahalli Bengaluru, Karnataka, 560037
Phone: +91-80419 51999
Email: cs.nidhi@sritindia.com
Book running lead managers
- Choice Capital Advisors Pvt. Ltd.
Promoters
- Nambiar Raghavan Madhusoodan
- Prasaktha Vakkiyl Nambiar
- Martin Poovakkulam Chacko