SRIT India’s initial public offering (IPO) is set to open for subscription on September 28, 2026. According to the Red Herring Prospectus (RHP), the ₹218.40 crore book-built issue comprises a fresh issue of up to 1.68 lakh equity shares, with no offer for sale (OFS) by its existing shareholders.

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 Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹130 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	115	₹14,950
Retail (Maximum)	13	1495	₹1,94,350
sNII (Minimum)	14	1610	₹2,09,300
bNII (Minimum)	67	7705	₹10,01,650

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 is an IT and IT-enabled services provider with 26 years of experience in digital solutions, custom application development and systems integration. It operates across healthcare, e-governance, and telecommunications and broadband.

The company has executed over 103 projects worth ₹12,347.16 million in the last decade for government and enterprise clients in India and select overseas markets. Its projects include healthcare platforms, AI-based transport systems, fibre networks, 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