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IPO ·
NSE, BSE
SRIT India Ltd
Listed
Bengaluru IT services firm building digital platforms, custom applications and system integration for government and enterprise clients.
Issue details
Price band
₹123 – ₹130
Face value
₹5
Lot size
115 shares
Minimum investment
₹14,950
Issue size
₹218.40 Cr
Fresh issue
₹218.40 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE, BSE
Key dates
Opens
28 Sep 2026
Closes
30 Sep 2026
UPI mandate cut-off
5:00 PM on 30 Sep 2026
Allotment
1 Oct 2026
Refunds
5 Oct 2026
Shares in demat
5 Oct 2026
Listing
6 Oct 2026
Subscription and listing
Subscription
125.16x
Listing price
₹148
Registrar
KFin Technologies Ltd
Lead manager
Choice Capital Advisors Pvt Ltd
Subscription by category
QIB (Ex Anchor)
91.84x
NII
312.99x
bNII (> ₹10L)
355.80x
sNII (< ₹10L)
227.37x
Retail
63.70x
Total
125.16x
Total applications
30,05,381
Anchor investors
Amount raised
₹65.52 Cr
Bid date
25 Sep 2026
50% lock-in ends
30 Oct 2026
Rest lock-in ends
29 Dec 2026
Listing day
Issue price
₹130
Open
₹148.00
High
₹155.09
Low
₹148.00
Day close
₹155.09
Listing gain at open
+13.85%
Issue structure
Shares reserved per category and share of the total issue
QIB
84,00,000
50.00%
Anchor Investor
50,40,000
30.00%
QIB (Ex. Anchor)
33,60,000
20.00%
NII
25,20,000
15.00%
bNII > ₹10L
16,80,000
10.00%
sNII < ₹10L
8,40,000
5.00%
Retail
58,80,000
35.00%
Total
1,68,00,000
100.00%
Finaccle’s quick read
Apply
Income up 15% and PAT up 29% in FY26 with ROE of 30%, debt/equity of 0.23 and post-issue P/E of 19.29 on an all-fresh issue.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
SRIT India is a Bengaluru-based IT and ITeS company that builds digital platforms, custom software and system integration projects, largely for government bodies and enterprises. It works across healthcare, e-governance and telecom/broadband, and also has operations in Qatar. It reported FY26 total income of about ₹463 Cr with roughly 290 staff and consultants.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
30.23%
ROCE
28.79%
Debt / equity
0.23
PAT margin
9.62%
P/E post issue
19.29
Market cap
₹835.53 Cr
Use of IPO money
Capex for modernization and redevelopment
₹12.86 Cr
Working capital
₹124.00 Cr
Inorganic growth and general corporate purposes
₹55.13 Cr
Issue expenses
₹26.42 Cr
Strengths
✓
26 years of execution history in government and enterprise IT
✓
Presence across healthcare, e-governance and telecom verticals
✓
ROE of 30% with low debt/equity of 0.23
✓
Entirely fresh issue with no OFS
Risks to watch
!
Heavy reliance on government contracts and their payment cycles
!
₹124 Cr of proceeds needed for working capital
!
₹55 Cr earmarked for unidentified acquisitions
!
PAT margin under 10% leaves limited cushion
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.