About Srit India Ltd IPO
SRIT India IPO is a Rs.218.40 crore mainboard public issue comprising a fresh issue of 1.68 crore equity shares. The IPO will open on September 28 and close on September 30, 2026, with a price band of Rs.123–Rs.130 per share.
The shares are proposed to be listed on the BSE and NSE. Choice Capital Advisors Private Limited is the lead manager, while KFin Technologies Limited is the registrar to the issue. The company is promoted by Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko.
The proceeds will be used for modernising and redeveloping existing products, meeting working capital requirements, pursuing potential acquisitions and strategic initiatives, and general corporate purposes.
About SRIT India Ltd.
Incorporated in September 1999, SRIT India Limited is a Bengaluru-based IT and ITeS company providing digital solutions, custom application development and system integration services. With 26 years of industry experience, the company develops and manages digital platforms for government entities and enterprises in India and select overseas markets.
The company operates across healthcare, e-governance, and telecommunications and broadband. Its solutions include healthcare information systems, digital health platforms, e-governance, cybersecurity, enterprise software, networking, fibre optic infrastructure, system integration, automation and managed services. It also develops configurable and customised solutions and has started working on AI-enabled offerings.
Over the last decade, SRIT India has executed more than 103 projects with an aggregate order value of approximately ?12,347.16 million for government and enterprise customers. Its projects include healthcare platforms, nationwide banking connectivity, state-wide fibre networks, AI-based traffic management and power transformer monitoring.
The company operates across multiple Indian states and has an international presence through its Qatar operations. Its delivery processes are appraised at CMMI Level 5 and SSE-CMM and certified under ISO 27034-1:2011, ISO/IEC 27001:2022 and ISO 45001:2018.
Revenue from operations increased from ?3,893.47 million in FY 2025 to ?4,499.99 million in FY 2026, while profit after tax rose from ?336.04 million to ?432.89 million. As of June 30, 2026, the company had 177 permanent employees, 7 contract-specific employees and 107 consultants.
SRIT India IPO is a Rs.218.40 crore mainboard public issue comprising a fresh issue of 1.68 crore equity shares. The IPO will open on September 28 and close on September 30, 2026, with a price band of Rs.123–Rs.130 per share. The shares are proposed to be listed on the BSE and NSE. Choice Capital Advisors Private Limited is the lead manager, while KFin Technologies Limited is t
Srit India IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 84,00,000 crores |
| Non-Institutional Investors (NIIs) | 15% | 25,20,000 crores |
| Retail Individual Investors (RIIs) | 35% | 58,80,000 crores |
Srit India IPO Strengths & Weaknesses
Strong financial performance with growth in revenue and profit.
Expanding capabilities in AI-enabled solutions.
Diversified operations across healthcare, e-governance, and telecom and broadband.
Experienced promoters and senior management.
End-to-end digital and system integration capabilities.
26 years of industry experience and project execution track record.
Experience handling large government and enterprise projects.
Srit India IPO Important Dates & Issue Details
| Allotment Date | Listing Date | Refund Date |
|---|---|---|
| 01 Oct '26 | 06 Oct '26 | 05 Oct '26 |
| Issue Composition: | |
|---|---|
| Face Value | ₹5 per share |
| Total Issue Size | 1,68,00,000 shares (aggregating up to ₹14,950 crores) |
| Fresh Issue | 33,60,000 shares (aggregating up to ₹1,68,00,000 crores) |
| Offer for Sale | 0 shares of ₹5 (aggregating up to To be announced) |
| Issue Type | Book Building IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 84.91 shares |
| Post-Issue Shareholding | 62.71 shares |
Srit India IPO Lot Size and Investment Details
| Minimum Lot Size | 115 shares |
| Maximum Lot Size (Retail) | 3,795 shares |
The lot size of Srit India ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Srit India IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Srit India IPO Contact & Registrar Details
Contact Details
Address
SRIT House, #113/1B ITPL Main Road Kundalahalli Bengaluru
Phone Number
Website
Registrar Details
Registrar Name
Kfin Technologies Ltd.
Phone Number
Srit India Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Choice Capital Advisors Pvt.Ltd. |