SRIT India IPO
SRIT India IPO is a book-building public issue of approximately ₹218.40 crore.
The issue is entirely a fresh issue of 1.68 crore equity shares, with no offer-for-sale component.
The IPO is scheduled to open for subscription on 28 September 2026 and close on 30 September 2026. The shares are proposed to be listed on both NSE and BSE.
SRIT India IPO Details
SRIT India Ltd. is entering the primary market with a book-building IPO of approximately ₹218.40 crore. The entire issue consists of a fresh issue of equity shares.
The SRIT India IPO price band has been fixed at ₹123 to ₹130 per share. Investors can apply for a minimum of 115 shares and thereafter in multiples of the specified lot size.
At the upper price band of ₹130, the minimum retail investment for one lot of 115 shares is ₹14,950.
The company proposes to use the IPO proceeds for capital expenditure, working capital requirements, inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes.
SRIT India IPO Important Details
| Particulars | Details |
|---|---|
| IPO Open Date | 28 September 2026 |
| IPO Close Date | 30 September 2026 |
| IPO Size | ₹218.40 Crore |
| Price Band | ₹123 to ₹130 per share |
| Face Value | ₹5 per share |
| Lot Size | 115 Shares |
| Issue Type | Book Building |
| Issue Structure | Fresh Issue Only |
| Listing Exchange | NSE and BSE |
| Total Issue Size | 1,68,00,000 Shares |
| Fresh Issue | 1,68,00,000 Shares |
| Fresh Issue Amount | ₹218.40 Crore |
| Pre-Issue Shares | 4,74,71,757 Shares |
| Post-Issue Shares | 6,42,71,757 Shares |
| Market Cap at Upper Price | ₹835.53 Crore |
| Expected Allotment | 1 October 2026* |
| Refund / Unblocking | 5 October 2026* |
| Demat Credit | 5 October 2026* |
| Tentative Listing Date | 6 October 2026* |
SRIT India IPO Issue Size
| Issue Component | Shares | Approx. Amount |
|---|---|---|
| Total Issue | 1,68,00,000 Shares | ₹218.40 Cr |
| Fresh Issue | 1,68,00,000 Shares | ₹218.40 Cr |
| Offer for Sale | Nil | Nil |
The SRIT India IPO is entirely a fresh issue. Therefore, the proceeds from the issue will be received by the company, subject to issue expenses and the stated objects of the issue.
SRIT India IPO Investor Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Issue |
| Retail Individual Investors | Not less than 35% of the Net Issue |
| Non-Institutional Investors (NII) | Not less than 15% of the Net Issue |
SRIT India IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | Monday, 28 September 2026 |
| IPO Closes | Wednesday, 30 September 2026 |
| Allotment | Thursday, 1 October 2026* |
| Refund / Unblocking | Monday, 5 October 2026* |
| Shares Credited to Demat | Monday, 5 October 2026* |
| Listing | Tuesday, 6 October 2026* |
SRIT India IPO Lot Size
The minimum IPO application size is 115 shares. Investors can submit bids in multiples of the prescribed lot size.
| Investor Category | Lots | Shares | Investment at ₹130 |
|---|---|---|---|
| Retail Minimum | 1 | 115 | ₹14,950 |
| Retail Maximum | 13 | 1,495 | ₹1,94,350 |
| S-HNI Minimum | 14 | 1,610 | ₹2,09,300 |
| S-HNI Maximum | 66 | 7,590 | ₹9,86,700 |
| B-HNI Minimum | 67 | 7,705 | ₹10,01,650 |
About SRIT India Ltd.
SRIT India Limited, incorporated in September 1999, is a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) company. The company provides digital solutions, custom application development and system integration services.
With more than 26 years of industry experience, SRIT India designs, implements and operates digital platforms for government entities and enterprise customers in India and selected overseas markets.
The company operates across three primary verticals: healthcare, electronic governance, and telecommunications and broadband.
Its service portfolio includes healthcare information systems, digital health platforms, e-governance solutions, cybersecurity, enterprise software, networking, connectivity, fibre optic infrastructure, system integration, automation and managed services.
SRIT India also provides configurable and customised solutions that can integrate with third-party platforms and has started developing AI-enabled solutions across its key business verticals.
Over the last decade, the company has executed more than 103 projects with an aggregate order value of approximately ₹12,347.16 million for government and enterprise customers.
As of 30 June 2026, the company had 177 permanent employees, 7 contract-specific employees and 107 consultants.
SRIT India Business Strengths
- More than 26 years of experience in the IT and IT-enabled services industry.
- Diversified presence across healthcare, electronic governance and telecommunications and broadband.
- Experience in delivering digital platforms and system integration projects for government and enterprise customers.
- Track record of more than 103 projects executed over the last decade.
- Growing capabilities in AI-enabled solutions across key verticals.
- End-to-end capabilities covering application development, integration, networking, cybersecurity and managed services.
- Presence across multiple Indian states and international operations through Qatar.
- Delivery processes appraised at CMMI Level 5 and SSE-CMM, along with relevant ISO certifications.
SRIT India IPO Objects of the Issue
The company proposes to utilise the net proceeds from the IPO for capital expenditure, working capital requirements, inorganic growth initiatives and general corporate purposes.
| # | Use of Funds | Estimated Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements towards modernization of existing products and redevelopment | ₹12.86 Cr |
| 2 | Funding working capital requirements of the Company | ₹124.00 Cr |
| 3 | Inorganic growth through unidentified acquisitions, strategic initiatives and general corporate purposes | Balance / As stated in offer documents |
| Total Identified Amount | ₹136.86 Cr | |
SRIT India Financial Performance
SRIT India reported growth in revenue and profitability during FY2026 compared with FY2025. Revenue from operations increased from approximately ₹389.35 crore in FY2025 to ₹450.00 crore in FY2026, while profit after tax increased from approximately ₹33.60 crore to ₹43.29 crore.
| Particulars (₹ Crore) | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Assets | 614.16 | 496.64 | 428.96 |
| Total Income | 462.54 | 400.50 | 282.22 |
| Profit After Tax | 43.29 | 33.60 | 29.08 |
| EBITDA | 64.77 | 49.81 | 40.99 |
| Net Worth | 193.27 | 93.17 | 80.47 |
| Reserves and Surplus | 169.54 | 72.93 | 53.52 |
| Total Borrowing | 36.15 | 51.30 | 22.28 |
Note: Financial figures are presented in ₹ crore and are based on the restated consolidated financial information provided for the IPO.
SRIT India IPO Key Performance Indicators
| KPI | FY2026 / Relevant Period |
|---|---|
| ROE | 30.23% |
| ROCE | 28.79% |
| Debt / Equity | 0.23 |
| RoNW | 30.23% |
| PAT Margin | 9.62% |
| EBITDA Margin | 14.39% |
| NAV | ₹40.71 |
| Price to Book Value | 3.19x |
SRIT India IPO Valuation
The SRIT India IPO price band has been fixed at ₹123 to ₹130 per share. At the upper price band of ₹130, the post-issue valuation information indicates an EPS of approximately ₹6.74 and a P/E multiple of approximately 19.29x.
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹9.12 | ₹6.74 |
| P/E | 14.25x | 19.29x |
| Market Capitalisation | ₹617.13 Cr | ₹835.53 Cr |
SRIT India Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 84.91% | 62.71% |
| Public | 15.09% | 37.29% |
| Total | 100% | 100% |
Company Promoters: Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko.
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SRIT India Certifications and Delivery Capabilities
SRIT India’s delivery processes are appraised at CMMI Level 5 and SSE-CMM. The company also states that it is certified under ISO 27034-1:2011, ISO/IEC 27001:2022 and ISO 45001:2018.
These processes support the company’s work across application development, system integration, cybersecurity, project management, operations, solution architecture, support engineering and service delivery.
SRIT India Business Verticals
| Vertical | Key Services |
|---|---|
| Healthcare | Healthcare information systems, digital health platforms and related technology solutions. |
| Electronic Governance | Digital government platforms, e-governance solutions, cybersecurity and system integration. |
| Telecommunications & Broadband | Networking, connectivity, fibre optic infrastructure, automation and managed services. |
SRIT India IPO Pros and Cons
Potential Positives
- More than 26 years of experience in the IT and IT-enabled services sector.
- Diversified business presence across healthcare, e-governance and telecommunications.
- Experience executing projects for government and enterprise customers.
- More than 103 projects executed over the last decade.
- Revenue and profit increased in FY2026 compared with FY2025.
- The company is developing AI-enabled solutions across its key verticals.
- The IPO is entirely a fresh issue, providing capital to the company for the stated objects.
- Reported debt-to-equity ratio of 0.23 as of FY2026.
Key Risks
- The company operates in a competitive IT and technology services industry.
- Revenue can be influenced by the timing and execution of large government and enterprise projects.
- The business may be exposed to project execution, technology and cybersecurity-related risks.
- The proposed inorganic growth component includes unidentified acquisitions and strategic initiatives.
- A significant portion of the company’s business involves technology infrastructure and specialised services.
- Future financial performance may differ from historical results.
- IPO valuation should be considered alongside earnings, margins, business risks and industry conditions.
SRIT India IPO Registrar & Lead Manager
IPO Registrar: Kfin Technologies Ltd.
Book Running Lead Manager: Choice Capital Advisors Pvt. Ltd.
SRIT India IPO Contact Details
| Particulars | Details |
|---|---|
| Company | SRIT India Ltd. |
| Registered / Corporate Address |
SRIT House, #113/1B, ITPL Main Road, Kundalahalli, Bengaluru, Karnataka – 560037 |
| Phone | +91-80419 51999 |
| cs.nidhi@sritindia.com | |
| Website | SRIT India Official Website |
SRIT India IPO Important Information
| Particulars | Details |
|---|---|
| Company | SRIT India Ltd. |
| IPO Type | Book Building Issue |
| IPO Size | ₹218.40 Crore |
| Price Band | ₹123 – ₹130 |
| Face Value | ₹5 per share |
| Lot Size | 115 Shares |
| Minimum Investment | ₹14,950 |
| Fresh Issue | 1,68,00,000 Shares |
| Fresh Issue Amount | ₹218.40 Crore |
| Offer for Sale | Nil |
| Listing | NSE and BSE |
| Registrar | Kfin Technologies Ltd. |
| Lead Manager | Choice Capital Advisors Pvt. Ltd. |
| Market Cap at Upper Price | ₹835.53 Crore |
SRIT India IPO Quick Summary
SRIT India IPO is a book-building public issue of approximately ₹218.40 crore. The IPO is scheduled to open on 28 September 2026 and close on 30 September 2026.
The price band has been fixed at ₹123 to ₹130 per share, while the minimum application size is 115 shares. At the upper price band, one retail lot requires an investment of ₹14,950.
The entire issue consists of a fresh issue of 1.68 crore shares aggregating to approximately ₹218.40 crore. There is no offer-for- sale component.
SRIT India provides IT and IT-enabled services across healthcare, electronic governance, and telecommunications and broadband. Its offerings include digital platforms, application development, cybersecurity, networking, connectivity, system integration and managed services.
For FY2026, the company reported total income of approximately ₹462.54 crore, EBITDA of ₹64.77 crore and profit after tax of ₹43.29 crore.
The company proposes to use the IPO proceeds towards capital expenditure, working capital requirements, potential inorganic growth and strategic initiatives, along with general corporate purposes.
SRIT India IPO FAQs
Disclaimer
This SRIT India IPO information is provided for educational and informational purposes only. IPO investments are subject to market risks, and the actual listing price or post-listing performance may differ from expectations.
Investors should read the company’s RHP, financial statements, risk factors and other official disclosures carefully before making an investment decision. TradingMinds does not provide investment advice and does not guarantee IPO listing gains.
*Important: IPO dates mentioned above are tentative and may be changed by the company, stock exchanges or other relevant authorities. Investors should verify the final dates and details from official IPO documents before applying.
