SRIT India Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹123 - ₹130
- Lot size
- 115 shares
- Issue amount
- ₹218.4 cr
- Total subscription
- 125.16×
- Opens
- 28 Sept 2026
- Closes
- 30 Sept 2026
- Allotment
- 1 Oct 2026
- Listing
- 6 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 1,68,00,000 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹14,145
- Fresh issue
- ₹218.4 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,950
- Issue type
- Bookbuilding IPO
- Shares before issue
- 4,74,71,757
- Shares after issue
- 6,42,71,757
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 115 | ₹14,950 |
| sHNI | 14 | 1,610 | ₹2,09,300 |
| bHNI | 67 | 7,705 | ₹10,01,650 |
Share reservation
Subscription & GMP
Subscription by category
Reported 30 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 51,130 | 29,21,107 |
| HNIs(10L +) | 1,043 | 76,994 |
| HNIs (2-10L) | 522 | 1,15,923 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 43.68 | 4,011.42 |
| RETAIL | 76.44 | 4,869.48 |
| HNIs 2+ | 10.92 | 2,482.91 |
| HNIs 10+ | 21.84 | 7,770.62 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 9.12 | 7.2 | 5.39 |
| ROE | 0 | 0 | 0 |
| ROCE | 28.79 | 37.42 | 47.52 |
| RONW | 30.23 | 38.76 | 44.11 |
| PRE IPO(PE) | 14.25 | 0 | 0 |
| POST IPO(PE) | 19.29 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| SRIT India Limited | 14.25 | 130.00 | 5.00 | 40.71 | 30.23 | 9.47 |
| Mastek Limited | 12.59 | 1630.10 | 5.00 | 965.11 | 14.81 | 130.45 |
| Railtel Corporation of India Limited | 24.03 | 259.25 | 10.00 | 70.47 | 16.25 | 10.79 |
| Protean eGov Technologies Ltd | 19.80 | 488.95 | 10.00 | 265.23 | 9.69 | 24.70 |
| Allied Digital Services Limited | 15.52 | 96.99 | 5.00 | 21.71 | 5.85 | 6.30 |
| Aurionpro Solutions Limited | 18.62 | 705.00 | 10.00 | 322.90 | 13.06 | 38.90 |
Company information
Company profile
SRIT India Ltd., headquartered in Bengaluru, is an India-based IT and ITeS company specialising in digital transformation and system automation through custom application development and systems integration. With over 26 years of experience, it has developed deep expertise in conceptualising, deploying, and managing digital platforms for government organisations and enterprise clients across India and select international markets. The company operates across three main verticals: Healthcare, Electronic Governance, and Telecommunications & Broadband. Its projects include AI-enabled public safety and transportation solutions, end-to-end computerisation of operations for a state-owned beverage distribution and retail corporation, and development and maintenance of platforms like Supply Management Information Systems, Health Management Information Systems, e-Prescription platforms, and online licensing solutions. As of September 30, 2025, SRIT India Ltd. had an outstanding order book of ₹12,806.21 million, with over 103 projects completed in the past decade totaling ₹12,347.16 million. The company serves a diverse clientele comprising government bodies (Central, State, and local departments) and private sector enterprises.
Strengths
- Established End-to-End Capabilities: The company has experience in designing, developing, deploying and managing technology solutions. Its services include customised application development, systems integration and ongoing platform support.
- Diversified Order Book: SRIT India has an order book spread across different services, customers and geographies. As of September 30, 2025 , its outstanding order book was ₹1,280.62 crore , providing visibility for future business.
- Wide Geographic & Sector Presence: The company has executed more than 103 projects across healthcare, e-governance, telecommunications and broadband. It serves government organisations, public-sector entities and private businesses across multiple markets.
Risk factors
- Dependence on Competitive Bidding: Most of the company’s projects are secured through competitive bidding. Failure to qualify, win or successfully execute new contracts could negatively impact its business, financial performance, growth and cash flows.
- High Dependence on Government Tenders: Government entities contributed approximately 92.23%, 91.34%, 81.84% and 88.44% of revenue from operations for the six months ended September 30, 2025 and FY2025, FY2024 and FY2023, respectively. Delays or reductions in government tenders, policy changes, or contract termination, restructuring or renegotiation could materially affect operations and financial performance.
- High Customer Concentration: The top 10 customers contributed approximately 94.12%, 92.18%, 91.71% and 91.20% of revenue from operations for the six months ended September 30, 2025 and FY2025, FY2024 and FY2023, respectively. Losing major customers or receiving lower orders from them could negatively impact revenue, profitability and financial condition.
Promoters
Dr. Nambiar Raghavan Madhusoodan
Prasaktha Vakkiyl Nambiar
Martin Poovakkulam Chacko
Registrar & documents
Lead manager
Choice Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
SRIT House, #113/1B, ITPL Main Road, Kundalahalli Bengaluru, Karnataka, 560037
+91-80419 51999
[email protected]Company website ↗Understanding SRIT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.