IPO profile
Srit India Limited
SRIT · BSE
- Price band
- ₹123 - ₹130
- Subscription
- 88.83x
Application & Issue Details
- Minimum Quantity
- 115 shares
- Minimum Application
- ₹14,950
- Issue Size
- Rs. 218 Cr
- Face Value
- Not available
Company Overview
SRIT India is an Information Technology and Information Technology-enabled Services solutions company offering digital solutions and system automation through custom application development and integration services. The company executes large-scale, mission-critical projects primarily for central and state government bodies, alongside enterprise clients across India and international markets. Its core operations are organized into three primary verticals: electronic governance, healthcare, and telecommunications and broadband. Revenue is predominantly generated by participating in competitive bidding processes to secure tender-driven contracts from government entities, which account for a substantial majority of its business. The company’s business model involves executing turnkey projects, often partnering with third-party technology companies to deliver bundled, integrated solutions and utilizing sub-contractors for specialized tasks. Furthermore, it provides customized solutions tailored to the specific needs and regulatory environments of each industry it serves.
Important Dates
- Open Date
- 28 Sept 2026
- Close Date
- 30 Sept 2026
- Allotment Date
- Not available
- Listing Date
- 6 Oct 2026
Issue Timeline
- Issue open date
- Issue close date
- UPI mandate deadline
- Allotment finalization
- Refund initiation
- Share credit
- Listing date
- Mandate end date
- Lock-in end date for anchor investors (50%)
- Lock-in end date for anchor investors (remaining)
Subscription
- QIB
- 60.87x
- NII
- 230.15x
- Retail
- 44.25x
- Total
- 88.83x
Updated 25 Oct 2026, 12:31 pm · source: nse
Actual Listing Performance
- Listing Date
- 6 Oct 2026
- Actual Listing Price
- ₹139.8
- Gain/Loss Per Share
- +₹9.8
- Gain/Loss Per Lot
- +₹1,127
- Listing Gain/Loss %
- +7.54%
- Measured Against
- ₹130
- Lot Size
- 115 shares
Historical result from the reported listing price, compared with the upper price band (final issue price not reported). Excludes brokerage, taxes and charges.
Company Strengths & Risks
Reported strengths
- Established relationships with key government and enterprise clients.
- Proven track record of executing large-scale, turnkey digital projects.
- Specialized IT solutions for e-governance, healthcare, and telecom.
- Integration of emerging technologies like AI, IoT, and cloud services.
- Strategic partnerships for delivering bundled technology solutions.
Key risks
- Highly dependent on competitive government tenders for revenue.
- Top ten customers account for a substantial majority of revenue.
- Working capital-intensive operations pose liquidity constraints.
- Heavy reliance on third-party sub-contractors and OEMs.
- Order Book projects are subject to cancellations, modifications, or delays.
Company strengths and risks are informational summaries. Review the offer document for complete disclosures.
Documents & Coverage
IPO data last updated 25 Oct 2026, 12:31 pm IST · GMP: ipoalerts · subscription: nse · listing price: NSE/BSE
This page is for informational and educational purposes only. It is not investment advice and not a recommendation to buy, sell, or apply for this IPO. GMP and subscription figures are unofficial/may change. Please make your own independent decision.