SRIT India IPO Day 1: Subscription Status, Timeline & Key Issue Details
SRIT India's ₹218.40 crore initial public offering (IPO) opened for public subscription today, September 28, 2026, with a price band of ₹123 to ₹130 per share. As of 10:20 A.M on the first day of bidding, the issue had been subscribed 0.09 times.
The IPO will remain open until September 30, 2026. The basis of allotment is expected to be finalised on October 1, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE on October 6, 2026.
SRIT India IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue only)
- Total Issue Size: Up to ₹218.40 crore
- Fresh Issue: Up to 1.68 lakh equity shares
- Offer for Sale (OFS): Not Applicable
- Face Value: ₹5 per equity share
- Price Band: ₹123 to ₹130 per share
- Lot Size: 115 shares
- Minimum Investment Amount (Retail Investor): ₹14,950 (115 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: Choice Capital Advisors Private Limited
- Registrar: KFin Technologies Limited
SRIT India IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
28 September 2026 |
|
Subscription Closing Date |
30 September 2026 |
|
Basis of Allotment Date |
1 October 2026 |
|
Refund Initiation Date |
5 October 2026 |
|
Credit of Shares |
5 October 2026 |
|
Listing on BSE and NSE |
6 October 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
SRIT India IPO Day 1 Subscription Status
[September 28, 2026, 10:20 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00x |
|
Non-Institutional Investors (NIIs) |
0.05x |
|
Retail Individual Investors (RIIs) |
0.15x |
|
Total |
0.09x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding of capital expenditure requirements towards modernization of existing products and redevelopment
- Funding working capital requirements of the company
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives
- General corporate purposes.
About SRIT India Limited
Incorporated in 1994, SRIT India Limited is an IT and IT-enabled services company specializing in digital solutions, custom application development, and systems integration. It serves sectors such as healthcare, e-governance, telecommunications, and broadband across India and select international markets.
Over the past decade, the company has executed 103+ projects worth ₹12,347.16 million for government and enterprise clients. Its portfolio includes healthcare platforms, AI-enabled transport systems, fibre network infrastructure, banking connectivity, and e-governance solutions.
Key Financial Highlights
|
Particulars |
Six month period ended September 30, 2025 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
232.62 |
389.34 |
271.08 |
|
EBITDA |
32.07 |
49.81 |
40.99 |
|
Profit After Tax (PAT) |
19.92 |
33.60 |
29.08 |
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