Advisory

Choose your Partner

Both partners offer free account opening and dedicated support.

Angel One

Best for active traders

₹ 0 Account Opening Open Account →

Motilal Oswal

Best for long-term wealth

₹ 0 Account Opening Open Account →

IPO Open

Mon, Sep 28, 2026

IPO Close

Wed, Sep 30, 2026

Price Band

₹123 to ₹130

Market Cap*

₹835.53 Cr * on Upper Price

IPO Details

  • IPO Date
    28 to 30 Sep, 2026
  • Listing Date
    Tue, Oct 6, 2026
  • Face Value
    ₹5 per share
  • Price Band
    ₹123 to ₹130
  • Lot Size
    115 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    1,68,00,000 shares (agg. up to ₹[.] Cr)
  • Fresh Issue
    1,68,00,000 shares (agg. up to ₹[.] Cr)
  • Share Holding Pre Issue
    4,74,71,757 shares
  • Share Holding Post Issue
    6,42,71,757 shares

IPO Timetable (Tentative)

  • IPO Open
    Mon, Sep 28, 2026
  • Allotment
    Thu, Oct 1, 2026
  • Credit of Shares
    Mon, Oct 5, 2026
  • IPO Close
    Wed, Sep 30, 2026
  • Refund
    Mon, Oct 5, 2026
  • Listing
    Tue, Oct 6, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Issue
Retail Not less than 35% of the Net Issue
NII Not less than 15% of the Net Issue

IPO Lot Size

Investors can bid for a minimum of 115 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 115 ₹14,950
Retail (Max) 13 1495 ₹1,94,350
S-HNI (Min) 14 1610 ₹2,09,300
S-HNI (Max) 66 7590 ₹9,86,700
B-HNI (Min) 67 7705 ₹10,01,650

About SRIT India Ltd.

SRIT India Ltd. is an India-based Information Technology and Information Technology-enabled Services (“IT/ITeS”) company headquartered in Bengaluru, specialising in digital transformation and system automation through bespoke application development and systems integration. Over the past twenty-six years, the company has built deep capabilities in conceptualising, deploying, and managing digital platforms for government organisations and enterprise clients across India and select international markets.

Its business operations are aligned across three principal verticals: (i) Healthcare, (ii) Electronic Governance, and (iii) Telecommunications and Broadband.

Its ongoing and completed engagements include the delivery of AI-enabled solutions for public safety and transportation systems; end-to-end computerisation of core and ancillary operations for a state-owned beverage distribution and retail corporation; and the development, maintenance, and handholding support of multiple digital platforms such as Supply Management Information Systems, Health Management Information Systems, e-Prescription platforms, and online licensing solutions.

As of September 30, 2025, its outstanding order book stood at ₹12,806.21 million. Over the last decade, the company has successfully executed over 103 projects, representing a cumulative order value of ₹12,347.16 million, across the healthcare, electronic governance, and telecommunications and broadband sectors.

The company serves a broad and diversified customer base comprising: (i) government bodies and public sector entities, including Central, State, and local government departments and institutions that procure technology solutions for administrative, infrastructure, and public service delivery purposes (collectively, “Government”); and (ii) private sector businesses and enterprises (collectively, “Enterprises”).

Competitive Strengths:

  • Established track record with end-to-end product solution and integration capabilities
  • Diverse Order Book across offerings for multiple clients & geographies
  • Extensive geographic footprint with scalable operations across key markets
  • Strong financial performance and healthy balance sheet
  • Experienced Promoters and Senior Management team, having domain knowledge

Company Financials (Restated Consolidated)

(Amount in ₹ Crore)

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 548.05 496.64 428.96 333.41
Total Income 237.52 400.50 282.22 162.93
Profit After Tax 19.92 33.60 29.08 15.04
EBITDA 32.07 49.81 40.99 22.51
NET Worth 156.18 93.17 80.47 51.30
Reserves and Surplus 133.17 72.93 53.52 24.35
Total Borrowing 46.03 61.84 24.83 17.60

Recently Listed IPOs in Computers – Software & Consulting

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
CSM Technologies Ltd. Mainboard ₹145.78 Cr ₹113 31.05 ₹107.35 -5.00% ₹105.15
Fractal Analytics Ltd. Mainboard ₹2,833.90 Cr ₹900 65.5 ₹847.15 -5.87% ₹761.40
ENS Enterprises Ltd. SME ₹33.14 Cr ₹92 10.95 ₹100.80 +9.57% ₹101.35

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding of capital expenditure requirements towards modernization of existing products and redevelopment
    15.36
  • 2 Funding working capital requirements of our Company
    124.00
  • 3 Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

Key Performance Indicator (KPI)

KPI Mar 31, 2026
RoNW 30.23%
NAV 40.71
Price to Book Value 3.19

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 7.08 6.20
P/E (x) 18.36 20.97
Market Cap at Offer Price ₹617.13 Cr. ₹835.53 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 84.91% 62.71%
Public 15.09% 37.29%
Total 100% 100%

Company Promoters: Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko.

SRIT India IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Choice Capital Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Choice Capital Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

SRIT India Ltd. Address
SRIT House, #113/1B,
ITPL Main Road, Kundalahalli
Bengaluru, Karnataka, 560037

IPO FAQs

SRIT India IPO is a main-board IPO of 1,68,00,000 equity shares of the face value of ₹5 aggregating up to ₹218 Crores. The issue is priced at ₹123 to ₹130. The minimum order quantity is 115.

The IPO opens on Mon, Sep 28, 2026, and closes on Wed, Sep 30, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in SRIT India IPO using UPI as a payment gateway. Angel One customers can apply in SRIT India IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in SRIT India IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘SRIT India IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The SRIT India IPO opens on Mon, Sep 28, 2026 and closes on Wed, Sep 30, 2026.

SRIT India IPO lot size is 115, and the minimum amount required for application is ₹14,950.

You can apply in SRIT India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for SRIT India IPO will be done on Thursday, October 1, 2026, and the allotted shares will be credited to your demat account by Mon, Oct 5, 2026. Check the SRIT India IPO allotment status.

The SRIT India IPO listing date is not yet announced. The tentative date of listing is Tue, Oct 6, 2026.

Stock Broker Reviews India

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited 2

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

★ 2.34/5
Angel One Limited

Delivery: Rs 20 per executed order Account Opening: Rs 0 (Free)

Advertisments

Compare India's most trusted brokers side-by-side to find your perfect match.