SRIT India IPO 2026: Details, Price Band, GMP, Financials & IPO Analysis

SRIT India IPO is a mainboard IPO of ₹218.40 crore in the Computers, Software & Consulting sector. The IPO consists entirely of a fresh issue and is scheduled to open for subscription on September 28, 2026, and close on September 30, 2026. The shares are proposed to list on BSE and NSE on October 6, 2026.

The price band has been fixed at ₹123 to ₹130 per share, with a lot size of 115 shares. Retail investors need a minimum investment of ₹14,950 at the upper price band.

SRIT India is an IT and IT-enabled services company focused on digital transformation, systems integration and technology solutions. Its business is spread across healthcare, electronic governance, and telecommunications and broadband. The company serves government organisations, public-sector entities and enterprise customers.

SRIT India IPO Details

SRIT India IPO Timeline

All dates are tentative and subject to change.

SRIT India IPO GMP

As of September 23, 2026, the reported SRIT India IPO GMP is ₹0. Based on the upper price band of ₹130 and the reported GMP, the indicative listing price would be around ₹130.

GMP is based on unofficial grey-market activity and can change before listing. It should not be treated as a guaranteed indication of the listing price.

SRIT India IPO Subscription Status

The SRIT India IPO is scheduled to open on September 28, 2026. Therefore, live subscription figures are not available yet.

Live subscription data will become available once bidding begins.

Day-wise Subscription Trend

Since the issue has not opened, day-wise subscription figures are currently unavailable.

Current Subscription

SRIT India IPO subscription has not started yet. The issue will open on September 28, 2026, after which category-wise subscription data can be tracked.

SRIT India IPO Lot Size

The minimum bid is 115 shares, and investors can bid in multiples of 115 shares.

SRIT India IPO Reservation

About SRIT India

SRIT India Ltd. is an India-based Information Technology and IT-enabled Services company headquartered in Bengaluru. The company focuses on digital transformation, bespoke application development and systems integration for government organisations and enterprise clients.

With more than two decades of operating experience, SRIT India has developed technology platforms and digital solutions across three principal business verticals:

• Healthcare
• Electronic Governance
• Telecommunications and Broadband

The company's projects include AI-enabled solutions for public safety and transportation, computerisation of operations for state-owned organisations, and development and maintenance of digital platforms such as Supply Management Information Systems, Health Management Information Systems, e-Prescription platforms and online licensing solutions.

As of September 30, 2025, SRIT India's outstanding order book stood at ₹12,806.21 million, or approximately ₹1,280.62 crore.

Over the previous decade, the company had executed more than 103 projects, representing a cumulative order value of ₹12,347.16 million, or approximately ₹1,234.72 crore.

The company's customer base includes government bodies, public-sector entities, Central and State government departments, local government institutions and private enterprises.

Competitive Strengths

• Established track record in product solutions and systems integration
• Diversified order book across clients, offerings and geographies
• Extensive geographic presence with scalable operations
• Strong financial performance and balance sheet
• Experienced promoters and senior management
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SRIT India IPO Objectives

The company proposes to utilise the IPO proceeds for modernisation, working capital requirements and strategic growth.

A substantial portion of the IPO proceeds is therefore intended to strengthen the company's working capital position, while a portion will be allocated towards capital expenditure and future inorganic growth opportunities.

SRIT India Financial Performance

SRIT India has reported consistent growth in revenue and profitability across the periods presented.

Total income increased from ₹162.93 crore in FY23 to ₹400.50 crore in FY25, while PAT increased from ₹15.04 crore to ₹33.60 crore over the same period.

Net worth also increased substantially, reaching ₹156.18 crore as of September 30, 2025, compared with ₹93.17 crore at March 31, 2025. Borrowings stood at ₹46.03 crore as of September 30, 2025.

SRIT India Key Financial Ratios

The company's reported debt-to-equity ratio was low at 0.29% as of September 30, 2025, while ROE and ROCE remained positive. The movement in margins should also be considered alongside the company's project mix and revenue recognition.

SRIT India IPO Valuation

The supplied data does not provide pre-IPO and post-IPO P/E valuation figures. However, the IPO-related operating metrics include the following:

Based on the peer comparison data, SRIT India has a reported EPS of ₹9.47, NAV of ₹40.71 and RoNW of 30.23%.

Investors should compare these figures with the IPO price and the final valuation disclosed in the offer documents before assessing the issue's pricing.

SRIT India Promoter Holding

The promoters listed in the supplied IPO information are:

• Nambiar Raghavan Madhusoodan
• Prasaktha Vakkiyl Nambiar
• Martin Poovakkulam Chacko

Promoter holding is reported as:

• Pre IPO: 84.91%
• Post IPO: 62.71%

SRIT India Peer Comparison

The following peer figures are based on the supplied DRHP/RHP data.

SRIT India's reported RoNW of 30.23% is higher than the RoNW figures listed for the supplied peer companies. However, peer comparison should also consider differences in business mix, scale, margins, growth rates, order books and valuation.

Risks Investors Should Consider

• Government dependency: A meaningful portion of the company's business comes from government and public-sector clients, making procurement cycles and policy changes relevant.
• Order execution: Converting the large order book into revenue depends on timely project execution.
• Working capital requirements: ₹124 crore of IPO proceeds are proposed for working capital, highlighting the importance of cash-flow management.
• Technology changes: IT businesses need continuous investment to keep pace with evolving technologies.
• Project concentration: Large contracts can create dependence on specific clients, projects or sectors.
• Competitive environment: The company competes with established IT services, systems integration and digital transformation providers.
• Margin movement: PAT margin was 8.57% as of September 30, 2025 compared with 12.79% in FY25.

Should You Invest in SRIT India IPO?

SRIT India can be assessed through its order book, financial performance, business diversification and IPO valuation.

The company has an established track record in digital transformation and systems integration, with exposure to healthcare, e-governance and telecommunications. Its order book of approximately ₹1,280.62 crore as of September 30, 2025 is substantially larger than its FY25 total income of ₹400.50 crore, providing a sizeable project pipeline.

Financially, the company has reported growth in revenue, EBITDA and PAT over the periods presented, while its debt-to-equity ratio remains low. The IPO also provides funds for working capital and product modernisation.

However, investors should assess the company's dependence on government and enterprise contracts, project execution requirements, working-capital needs and the sustainability of its margins. The final IPO valuation should also be compared with the supplied peer multiples before reaching a conclusion.

The reported GMP of ₹0 as of September 23, 2026 does not provide any positive or negative indication from the grey market at this stage. Investors should therefore consider the company's fundamentals, order book, valuation and offer-document disclosures rather than relying on GMP alone.

SRIT India IPO Allotment Status

The tentative basis of allotment date is October 1, 2026.

The tentative schedule is:

• Allotment: October 1, 2026
• Refunds: October 5, 2026
• Demat Credit: October 5, 2026
• Listing: October 6, 2026

After allotment is finalized, investors can check their application status through the IPO registrar using the required application or PAN details.

SRIT India IPO Registrar

• Kfin Technologies Ltd.
• Address: Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally
• Phone: 040-79615565
• Email: compliance.corp@kfintech.com
• IPO Status: Kfin Technologies IPO status portal

SRIT India IPO Lead Manager

Choice Capital Advisors Pvt. Ltd. is the book-running lead manager listed for the SRIT India IPO.

SRIT India Company Details

• Company: SRIT India Ltd.
• Registered Office: SRIT House, #113/1B, ITPL Main Road, Kundalahalli, Bengaluru, Karnataka – 560037
• Website: sritindia.com
• Phone: +91-80-4195 1999
• Email: cs.nidhi@sritindia.com

SRIT India IPO Summary

SRIT India IPO is a ₹218.40 crore fresh issue scheduled to open from September 28 to September 30, 2026, with listing planned for October 6, 2026. The price band is ₹123–₹130 per share and the minimum lot size is 115 shares, requiring ₹14,950 at the upper price band. 

SRIT India operates in digital transformation, systems integration and IT/ITeS services across healthcare, electronic governance and telecommunications and broadband. The company reported an outstanding order book of approximately ₹1,280.62 crore as of September 30, 2025, while total income increased from ₹162.93 crore in FY23 to ₹400.50 crore in FY25. The IPO proceeds are primarily intended for working capital, capital expenditure and future strategic initiatives. 

As of September 23, 2026, the reported GMP is ₹0 and subscription data is not yet available because bidding has not started.

SRIT India IPO FAQs

What is the SRIT India IPO size?

The SRIT India IPO size is ₹218.40 crore, consisting entirely of a fresh issue.

What is the SRIT India IPO price band?

The price band is ₹123 to ₹130 per share.

What is the SRIT India IPO lot size?

The minimum lot size is 115 shares, requiring ₹14,950 at the upper price band.

When will SRIT India IPO open?

The IPO will open on September 28, 2026.

When will SRIT India IPO close?

The IPO will close on September 30, 2026.

What is the SRIT India IPO listing date?

The tentative listing date is October 6, 2026 on BSE and NSE.

What is the SRIT India IPO GMP today?

As of September 23, 2026, the reported GMP is ₹0.

What are the objectives of the SRIT India IPO?

The company plans to use the proceeds for capital expenditure, working capital requirements, acquisitions, strategic initiatives and general corporate purposes.

Who is the registrar of SRIT India IPO?

Kfin Technologies Ltd. is the IPO registrar.

Who is the lead manager of SRIT India IPO?

Choice Capital Advisors Pvt. Ltd. is the listed book-running lead manager.

Is SRIT India IPO subscription open?

No. The IPO is scheduled to open on September 28, 2026, so live subscription data is not available yet.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. IPO details, financial figures, GMP, dates and other information may change based on regulatory filings and market conditions. Investors should review the official offer documents and conduct their own due diligence before making any investment decision.
 

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.

She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.

Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.