Srit India 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.