SRIT India shares list at 14% premium over IPO price on NSE
On BSE, shares of the company listed at Rs 139.8, marking a premium of 7.54% of the IPO price.
However, the listing gain was significantly lower than the premium indicated by the grey market ahead of the debut. SRIT India shares were commanding a grey market premium of around 42% over the IPO price.
The SRIT India IPO is a Rs 218.40-crore book-built issue, comprising an entirely fresh issue of 1.68 crore shares. There is no offer-for-sale (OFS) component. The SRIT India IPO was subscribed 125.16 times overall. The retail portion was subscribed 63.70 times, while the QIB (Ex Anchor) and NII portions were subscribed 91.84 times and 312.99 times, respectively.
The IPO opened for subscription on September 28, 2026, and closed on September 30. The allotment was finalised on October 1, while the shares are scheduled to list on both the NSE and BSE on October 6.
The company fixed the IPO price band at Rs 123–130 per share. The lot size is 115 shares, with retail investors required to apply for a minimum of one lot. At the upper end of the price band, the minimum investment for retail investors stands at Rs 14,950.
Choice Capital Advisors Pvt. Ltd. is the book-running lead manager to the issue, while KFin Technologies Ltd. is the registrar.
SRIT India IPO: Objects of the Issue
The company plans to utilise the net IPO proceeds primarily towards capital expenditure and working capital requirements. It has earmarked Rs 12.86 crore for the modernisation of existing products and redevelopment, while Rs 124 crore will be used to meet its working capital requirements.
The remaining proceeds will be deployed towards inorganic growth through potential acquisitions and other strategic initiatives, along with general corporate purposes. The total estimated utilisation of the net proceeds stands at Rs 136.86 crore.
Financial Performance
SRIT India reported an improvement in its financial performance in FY26 compared with the previous financial year. The company’s total income increased from Rs 401 crore in FY25 to Rs 463 crore in FY26, while profit after tax (PAT) rose from Rs 34 crore to Rs 43 crore during the same period. This represents a year-on-year growth of around 15% in total income and 26.5% in PAT.
About SRIT India
Incorporated in September 1999, SRIT India Ltd. is a Bengaluru-headquartered information technology and IT-enabled services (IT/ITeS) solutions company offering digital solutions, custom application development and system integration services. With more than two decades of industry experience, the company designs, implements and operates digital platforms for government entities and enterprises in India and select overseas markets.
SRIT India operates across three key verticals—healthcare, e-governance, and telecommunications and broadband. Its offerings include healthcare information systems, digital health platforms, e-governance solutions, cybersecurity, enterprise software, networking, connectivity, fibre-optic infrastructure, system integration, automation and managed services. The company also provides configurable and customised solutions that can be integrated with third-party platforms and has started developing AI-enabled solutions across its key verticals.
As of June 30, 2026, the company had 177 permanent employees, seven contract-specific employees and 107 consultants. Its workforce supports functions including application development, project management, operations, solution architecture, support engineering, quality management and service delivery.
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