SRIT India IPO Date & Timeline
Tentative schedule from the RHP.
SRIT India IPO GMP Today
Unofficial, aggregated from market sources. It never feeds our score.
Full GMP history (21 updates)
| Date & time (IST) | GMP | Change | GMP % | Est. listing |
|---|---|---|---|---|
| Oct 2, 2026 · 11:45 AM | ₹44 | +₹1 | 33.8% | ₹174 |
| Oct 2, 2026 · 8:45 AM | ₹43 | +₹1 | 33.1% | ₹173 |
| Oct 1, 2026 · 5:00 PM | ₹42 | +₹2 | 32.3% | ₹172 |
| Oct 1, 2026 · 10:00 AM | ₹40 | +₹7 | 30.8% | ₹170 |
| Sep 30, 2026 · 5:00 PM | ₹33 | +₹5 | 25.4% | ₹163 |
| Sep 30, 2026 · 1:30 PM | ₹28 | +₹4 | 21.5% | ₹158 |
| Sep 30, 2026 · 11:00 AM | ₹24 | +₹1 | 18.5% | ₹154 |
| Sep 30, 2026 · 10:00 AM | ₹23 | ₹0 | 17.7% | ₹153 |
| Sep 30, 2026 · 8:30 AM | ₹23 | +₹1 | 17.7% | ₹153 |
| Sep 29, 2026 · 7:30 PM | ₹22 | ₹0 | 16.9% | ₹152 |
| Sep 29, 2026 · 4:30 PM | ₹22 | ₹0 | 16.9% | ₹152 |
| Sep 29, 2026 · 12:30 PM | ₹22 | −₹1 | 16.9% | ₹152 |
| Sep 29, 2026 · 11:15 AM | ₹23 | −₹2 | 17.7% | ₹153 |
| Sep 29, 2026 · 8:30 AM | ₹25 | ₹0 | 19.2% | ₹155 |
| Sep 28, 2026 · 8:45 PM | ₹25 | ₹0 | 19.2% | ₹155 |
| Sep 28, 2026 · 5:45 PM | ₹25 | ₹0 | 19.2% | ₹155 |
| Sep 28, 2026 · 12:30 PM | ₹25 | −₹2 | 19.2% | ₹155 |
| Sep 27, 2026 · 11:59 PM | ₹27 | ₹0 | 20.8% | ₹157 |
| Sep 26, 2026 · 11:59 PM | ₹27 | +₹1 | 20.8% | ₹157 |
| Sep 25, 2026 · 11:59 PM | ₹26 | +₹15 | 20.0% | ₹156 |
| Sep 24, 2026 · 11:59 PM | ₹11 | — | 8.5% | ₹141 |
SRIT India IPO Subscription Status
From NSE + BSE bid data, excluding the anchor portion.
Day-wise subscription
| Day | QIB | bHNI | sHNI | NII total | Retail | Total |
|---|---|---|---|---|---|---|
| Shares offered | 33,60,000 | 16,79,230 | 8,40,420 | 25,20,000 | 58,80,000 | 1,17,60,000 |
| Day 1 · Sep 28 | 0.00× | 0.52× | 1.64× | 0.89× | 1.60× | 0.99× |
| Day 2 · Sep 29 | 0.03× | 3.61× | 8.53× | 5.25× | 6.05× | 4.16× |
| Day 3 · Sep 30 | 91.84× | 355.80× | 227.37× | 312.99× | 63.70× | 125.16× |
SRIT India IPO Details
Checked against the RHP and cross-checked on NSE and BSE.
| IPO date | Sep 28 – 30, 2026 |
| Price band | ₹123 – 130 per share |
| Face value | ₹5 per share |
| Lot size | 115 shares |
| Total issue size | 1,68,00,000 shares ₹218.40 Cr |
| Fresh issue | 1,68,00,000 shares ₹218.40 Cr |
| Issue type | Book Built · Mainboard |
| Listing at | BSE, NSE |
| Market cap | ≈ ₹835.53 Cr |
| Promoter holding | 84.91% → 62.71% |
| Lead manager | Choice Capital Advisors Pvt. Ltd. |
| Registrar | KFin Technologies Ltd. |
Offer documents
SRIT India IPO Lot Size
Minimum and maximum bids by investor type at the upper band of ₹130.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 115 | ₹14,950 |
| Retail (max) | 13 | 1,495 | ₹1,94,350 |
| sHNI (min) | 14 | 1,610 | ₹2,09,300 |
| sHNI (max) | 66 | 7,590 | ₹9,86,700 |
| bHNI (min) | 67 | 7,705 | ₹10,01,650 |
SRIT India IPO Reservation
Shares set aside for each category, and the maximum number of applicants who can get an allotment.
| Category | Shares offered | % of issue | Max. allottees |
|---|---|---|---|
| Anchor investors | 50,40,000 | 30% | — |
| QIB (ex-anchor) | 33,60,000 | 20% | — |
| NII (HNI) | 25,20,000 | 15% | — |
| ↳ bHNI (>₹10L) | 16,79,230 | 10% | 1,043 |
| ↳ sHNI (₹2–10L) | 8,40,420 | 5% | 522 |
| Retail | 58,80,000 | 35% | 51,130 |
| Total | 1,68,00,000 | 100% |
SRIT India Financials (FY24 – FY26)
Restated consolidated figures from the RHP, ₹ crore. Years end March 31. Restated consolidated.
Financial statement
| ₹ Cr | FY24 | FY25 | FY26 | YoY |
|---|---|---|---|---|
| Revenue | 282.22 | 400.50 | 462.54 | +15.5% |
| EBITDA | 40.99 | 49.81 | 64.77 | +30.0% |
| Profit after tax | 29.08 | 33.60 | 43.29 | +28.8% |
| Total assets | 428.96 | 496.64 | 614.16 | +23.7% |
| Net worth | 80.47 | 93.17 | 193.27 | +107.4% |
| Reserves & surplus | 53.52 | 72.93 | 169.54 | +132.5% |
| Total borrowing | 22.28 | 51.30 | 36.15 | −29.5% ✓ |
SRIT India IPO Valuation & Peer Comparison
At the upper band of ₹130. Peers from the RHP "Basis for Offer Price".
Peer comparison
| Company | P/E | P/B | RoNW |
|---|---|---|---|
| SRIT India | 14.3× | 3.19× | 30.23% |
| Mastek | 12.5× | 1.69× | 14.80% |
| RailTel Corporation | 24.0× | 3.70× | 16.20% |
| Protean eGov Technologies | 19.8× | 1.84× | 9.60% |
| Allied Digital Services | 15.5× | 4.57× | 5.80% |
| Aurionpro Solutions | 18.6× | 2.19× | 13.00% |
About SRIT India
Business profile from the RHP.
- 26 yearsIT/ITeS track record · Bengaluru, Karnataka
- 3 verticalsHealthcare, e-governance, telecom & broadband
- ₹1,204.72 CrOrder book as of June 30, 2026
- CMMI Level 5Plus ISO 27001; 177 permanent employees (June 30, 2026)
Promoters & holding
Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar, Martin Poovakkulam Chacko
Objects of the issue
Anchor investors
Allotted Sep 25, 2026 · 50,40,000 shares. Participants include Taurus Ethical Fund, Abakkus Venture Opportunities Fund, Founders Collective Fund and Saint Capital Fund. Lock-in: 50% until Oct 30, 2026, the rest until Dec 29, 2026.
SRIT India IPO Review: Should You Apply?
Our 100-point score, and both sides of the case.
Our view: Fast revenue and profit growth, a ~30% ROE, low debt and a large order book are clear positives. The concerns are heavy reliance on government contracts and a few customers, rising receivables, and a thin anchor book with little long-only money.
- Revenue grew from ₹282 Cr (FY24) to ₹463 Cr (FY26), and profit from ₹29 Cr to ₹43 Cr.
- High returns on capital: ~30% ROE and ~29% ROCE, with debt/equity of just 0.23.
- Order book of ~₹1,205 Cr (June 2026), about 2.6× FY26 revenue, gives visibility.
- 26-year track record with CMMI Level 5 certification and work across healthcare, e-governance and telecom.
- Entirely a fresh issue, so all money goes into the company, mainly for working capital.
- Most revenue comes from government bodies, and the top ten customers make up about 91% of revenue.
- Wins work through competitive tenders, so revenue can be lumpy and margins can be squeezed.
- Trade receivables have risen sharply (~₹235 Cr), tying up cash; contingent liabilities are ~₹63 Cr.
- Part of the proceeds is for unidentified acquisitions, which gives the company broad discretion.
- Thin anchor book: 9 investors, only one mutual fund and no insurers.
SRIT India Listing Performance Updates after Oct 6
We close the loop: issue vs listing price, and whether our call was right.
SRIT India IPO Allotment Status & Contact Details
Allotment was finalised on Oct 1. Check it with your PAN or application number.
KFin Technologies Ltd.
- Phone
- 040-79615565
- compliance.corp@kfintech.com
- Website
- www.kfintech.com
SRIT India Ltd.
- Address
- SRIT House, #113/1B, ITPL Main Road, Kundalahalli, Bengaluru, Karnataka 560037
- Phone
- +91-80419 51999
- cs.nidhi@sritindia.com
- Website
- sritindia.com
SRIT India IPO FAQs
GMP, price, lot size, dates, allotment and how to apply.
What is SRIT India IPO?
SRIT India IPO is a ₹218.40 Cr Mainboard book built issue, entirely a fresh issue. The shares will list on BSE and NSE.
What is SRIT India IPO GMP today?
As of Oct 2 · 11:45 AM IST, the grey market premium is ₹44 (≈33.8%), implying an estimated listing price of about ₹174. The GMP has ranged ₹11 – 44 since Sep 24. GMP is unofficial and not a guarantee of the listing price.
What is the price band of SRIT India IPO?
The price band is ₹123 – ₹130 per equity share of face value ₹5.
What is the lot size of SRIT India IPO?
The minimum lot is 115 shares. Retail investors can apply for 1 to 13 lots (115 to 1,495 shares).
What is the minimum investment for SRIT India IPO?
The minimum retail investment is ₹14,950 (115 shares at ₹130). The maximum retail application is ₹1,94,350 (13 lots).
When does SRIT India IPO open and close?
The IPO opens on Sep 28, 2026 and closes on Sep 30, 2026.
What is the allotment date of SRIT India IPO?
The basis of allotment is finalised on Oct 1, 2026. Refunds and demat credit are expected on Oct 5, 2026.
When will SRIT India IPO be listed?
The tentative listing date is Oct 6, 2026 on BSE and NSE.
What is SRIT India IPO subscription status?
At close (Sep 30 · 5:48 PM IST), the issue was subscribed 125.16× overall — QIB 91.84×, bHNI 355.80×, sHNI 227.37×, Retail 63.70×.
What is the P/E ratio and valuation of SRIT India IPO?
At the upper band, the P/E is 14.3× pre-issue and 19.3× post-issue, with a market cap of about ₹835.53 Cr. Listed peers include Mastek (12.5×) and RailTel Corporation (24.0×).
Should I apply for SRIT India IPO?
IPOSignal's view is Proceed with Caution · Strong Returns, Govt-Heavy (66/100). Fast revenue and profit growth, a ~30% ROE, low debt and a large order book are clear positives. The concerns are heavy reliance on government contracts and a few customers, rising receivables, and a thin anchor book with little long-only money. This is research, not investment advice.
How to check SRIT India IPO allotment status?
Check on the registrar KFin Technologies Ltd.'s site (ipostatus.kfintech.com), or on the BSE / NSE allotment pages, using your PAN or application number.
Who is the registrar and lead manager of SRIT India IPO?
The registrar is KFin Technologies Ltd.. The book-running lead manager is Choice Capital Advisors Pvt. Ltd..