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Srit India Limited

MainboardlistedNSE · BSE
28 Sep 2026 – 30 Sep 2026
LISTED
Offer Price
₹123–130
Bid lot
115
Min Application
₹14,950
Issue Size
₹218 Cr

Key dates

Open date
28 Sep 2026
Done
Close date
30 Sep 2026
Done
Basis of allotment
01 Oct 2026
Done
Initiation of refunds
01 Oct 2026
Done
Credit to demat
01 Oct 2026
Done
Listing date
06 Oct 2026
Done

Issue reservation

₹218 Cr
QIB 50%10%5%Retail 35%
QIB
84.0 L sh · ₹109.00 Cr
50%
HNI (10L+)
16.8 L sh · ₹21.80 Cr
10%
HNI (2-10L)
8.4 L sh · ₹10.90 Cr
5%
Retail
58.8 L sh · ₹76.30 Cr
35%
Applications required for 1× subscription
Retail (≤₹2L)
51,130 forms
S-HNI (₹2–10L)
522 forms
B-HNI (>₹10L)
218 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Choice Capital Advisors Private Limited

Lot ladder — how much to bid

1 lot = 115 shares
Retail · Up to ₹2 L1–13 lots
Min · 1 lot
115 sh · ₹14,950
Max · 13 lots
1,495 sh · ₹1,94,350
S-HNI · ₹2 L to ₹10 L14–66 lots
Min · 14 lots
1,610 sh · ₹2,09,300
Max · 66 lots
7,590 sh · ₹9,86,700
B-HNI · Above ₹10 L67+ lots
Min · 67 lots
7,705 sh · ₹10,01,650
Entry point
₹10,01,650 onward

Issue details

Lead managersChoice Capital Advisors Private Limited
Fresh issue1,68,00,000 sh · ₹218 Cr
Face value₹10
Listing onNSE · BSE
RegistrarKfin Technologies Ltd.
Live subscription
FinalUpdated 30 Sep 2026
88.83×
0×1×2×3×+
Heavily subscribed
Book₹152.88 Cr
Subscribed₹13,581 Cr
Applications24,32,814

Share-wise

by category
CategoryBook SizeSubscriptionNo. of Times
QIB (Ex. Anchor)
33,60,000₹43.68 Cr
20,45,10,365₹2,659 Cr
60.87×
HNI
25,20,000₹32.76 Cr
57,99,68,920₹7,540 Cr
230.15×
HNI (10L+)
16,80,000₹21.84 Cr
44,51,24,865₹5,787 Cr
264.96×
HNI (2-10L)
8,40,000₹10.92 Cr
13,48,44,055₹1,753 Cr
160.53×
Retail
58,80,000₹76.44 Cr
26,02,07,855₹3,383 Cr
44.25×
Total
1,17,60,000₹152.88 Cr
1,04,46,87,140₹13,581 Cr
88.83×

*QIB Book Size EXCLUDES the anchor portion of 50,40,000 shares, from the actual anchor allotment.

Application-wise

CategoryReq 1×TotalTimes
HNI (10L+)21857,336263.01×
HNI (2-10L)52281,843156.79×
Retail51,13020,29,21239.69×

Total applications: 21,68,391

Subscription Demand

in ₹ crore
CategoryApplied
QIB2658.63
HNI7539.60
HNI (10L+)5786.62
HNI (2-10L)1752.97
Retail3382.70
Total13580.93

Amounts at the upper band (₹130). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.

Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

614.16

496.64

428.96

Total Income

462.54

400.5

282.22

PAT

43.29

33.6

29.08

Net Worth

193.27

93.17

80.47

Reserves & Surplus

169.54

72.93

53.52

Total Borrowing

36.15

51.3

22.28

Objects of the issue
  • Working Capital: ₹124.00 crore for day-to-day operational needs.

  • Product Modernization: ₹12.86–₹15.36 crore for software upgrades and redevelopment.

  • Inorganic Growth & Corporate Purposes: For strategic initiatives, acquisitions, and general corporate needs.

About the company

Incorporated in September 1999, SRIT India Limited is a Bengaluru-based IT/ITeS solutions company providing digital solutions, custom application development and system integration services to Government and Enterprise customers in India and select overseas markets.

The Company operates across healthcare, e-governance, and telecommunications & broadband, offering digital health platforms, e-governance, cybersecurity, enterprise software, networking, fibre infrastructure, automation and managed services. It has also initiated development of AI-enabled solutions.

Over the last decade, SRIT has executed 103+ projects with an aggregate order value of approximately ₹12,347.16 million. Revenue increased from ₹3,893.47 million in FY2025 to ₹4,499.99 million in FY2026, while PAT rose from ₹336.04 million to ₹432.89 million.

As of June 30, 2026, the Company had 177 permanent employees, 7 contract employees and 107 consultants, supported by delivery processes appraised at CMMI Level 5 and SSE-CMM and certifications including ISO/IEC 27001:2022 and ISO 45001:2018.

Company strengths

  • Strong financial performance and growth.

  • Expanding AI-enabled capabilities.

  • Diversified presence across three key verticals.

  • Experienced Promoters and management team.

  • End-to-end digital and system integration capabilities.

  • 26+ years of industry experience and proven track record.

  • Strong execution experience across Government and Enterprise projects.

Promoters

Nambiar Raghavan MadhusoodanPrasaktha Vakkiyl NambiarMartin Poovakkulam Chacko

Registered office & contact

SRIT India Limited

Address - SRIT House, #113/1B

ITPL Main Road

Kundalahalli

Bengaluru, Karnataka, 560037

📞 +91-80419 51999

✉️ cs.nidhi@sritindia.com

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Srit India Limited IPO?

One lot of 115 shares — ₹14,950 at the upper price band of ₹130.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-10-06 on NSE / BSE.

₹123–130
Applications are closed.