SRIT India

LISTED

IPO Date: 28 Sept - 30 Sept 2026

Listing Date: 6 Oct 2026

Price Range

Rs.123 - Rs.130

Issue Size

218 Cr

Min Investment

₹14,145

Min Application

115 Shares

View IPO Document

Schedule of SRIT India

Issue open date
28 Sept 2026
Issue close date
30 Sept 2026
UPI mandate deadline
30 Sept 2026 (5 PM)
Allotment finalization
1 Oct 2026
Share credit
5 Oct 2026
Listing date
6 Oct 2026
Mandate end date
15 Oct 2026

Issue size

Funds Raised in the IPO	Amount
Overall	218 Cr
Fresh Issue	218.4 Cr
Offer for Sale	0 Cr

Allotment Details^New

Allotment Timeline	Details
Allotment Date	1 Oct 2026
Allotment Link	{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

Date	IPO Price	GMP	Est. Listing Price
6 Oct 2026Latest	₹130	₹59	₹189(+45.38%)
5 Oct 2026	₹130	₹62	₹192(+47.69%)
4 Oct 2026	₹130	₹50	₹180(+38.46%)
3 Oct 2026	₹130	₹52	₹182(+40%)
2 Oct 2026	₹130	₹53	₹183(+40.77%)
1 Oct 2026	₹130	₹47	₹177(+36.15%)
30 Sept 2026	₹130	₹41	₹171(+31.54%)
29 Sept 2026	₹130	₹31	₹161(+23.85%)
28 Sept 2026	₹130	₹33	₹163(+25.38%)
27 Sept 2026	₹130	₹33	₹163(+25.38%)
26 Sept 2026	₹130	₹32	₹162(+24.62%)
25 Sept 2026	₹130	₹32	₹162(+24.62%)
24 Sept 2026	₹130	₹21	₹151(+16.15%)
23 Sept 2026	₹130	₹12	₹142(+9.23%)

Performance SRIT India

Issue Price	Listing Gain	Current Market Price	P/L
Rs.123 - Rs.130	₹ 148 (13.85%)	₹ 100.57	-22.64%

About SRIT India

SRIT India Limited is a Bengaluru-headquartered information technology and IT-enabled services company providing digital solutions, system integration, and automation services. Its operations are organised across healthcare, electronic governance, and telecommunications and broadband. In healthcare, the company provides hospital information systems, revenue cycle management, digital health platforms, system integration, implementation, data migration, and maintenance services. Its electronic governance services include e-governance platforms, cybersecurity solutions, enterprise software and digital service delivery systems for government clients and enterprises. In telecommunications and broadband, it provides networking, connectivity, system integration, and managed services, including fibre optic networks, broadband infrastructure, IP-MPLS networks, and smart city infrastructure. The company also develops AI-enabled solutions, including AI-based video analytics software, and has undertaken projects for power transformer monitoring and digital monitoring. Its delivery processes are appraised at CMMI Level 5 and SSE-CMM and certified to ISO 27034-1:2011, ISO/IEC 27001:2022, and ISO 45001:2018. It has executed over 103 projects in the last decade.

Founded in	1999
Managing director	Mr Nambiar Raghavan Madhusoodan
Parent organization

Financial Overview

Strengths

1
Established relationships with key government and enterprise clients.
2
Proven track record of executing large-scale, turnkey digital projects.
3
Specialized IT solutions for e-governance, healthcare, and telecom.
4
Integration of emerging technologies like AI, IoT, and cloud services.
5
Strategic partnerships for delivering bundled technology solutions.

Risks

1
Highly dependent on competitive government tenders for revenue.
2
Top ten customers account for a substantial majority of revenue.
3
Working capital-intensive operations pose liquidity constraints.
4
Heavy reliance on third-party sub-contractors and OEMs.
5
Order Book projects are subject to cancellations, modifications, or delays.

Subscription Figures

Category	Subscription (No. of times)
Qualified Institutional Buyers (QIBs)	91.84
Non-Institutional Investors (NIIs)	312.99
Retail Individual Investors (RIIs)	63.7
Employee	N/A
Total	125.16