SRIT India IPO
SRIT India IPO Listing Day Performance
SRIT India listed on BSE & NSE on 06 October 2026 at ₹139.80, a 7.54% premium over the issue price of ₹130. A retail investor allotted one lot of 115 shares gained ₹1,127 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹62 (+47.7%) |
| GMP-implied listing | ₹192 |
| Actual listing | ₹139.80 |
| Difference | −₹52.2 (−27.2%) |
Demand going into listing
| Subscribed overall | 125.16× |
| QIB | 91.84× |
| NII | 312.99× |
| Retail | 63.7× |
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| QIB | 0.00x | 0.03x | 91.84x |
| NII | 0.90x | 5.25x | 312.99x |
| bNII > ₹10L | 0.53x | 3.61x | 355.80x |
| sNII 2-10L | 1.65x | 8.53x | 227.37x |
| Retail | 1.61x | 6.04x | 63.70x |
| Total | 1.00x | 4.16x | 125.16x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 282.22 | 400.50 | 462.54 |
| Expense | 243.88 | 354.31 | 407.59 |
| Profit (PAT) | 29.08 | 33.60 | 43.29 |
| Total Assets | 428.96 | 496.64 | 614.16 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| SRIT India This IPO | 9.47 | - | 30.23 | 40.71 | - |
| Mastek Limited | 130.45 | 12.59 | 14.81 | 965.11 | 36,987.50 Cr |
| Railtel Corporation of India Limited | 10.79 | 24.03 | 16.25 | 70.47 | 42,774.80 Cr |
| Protean eGov Technologies Ltd | 24.70 | 19.80 | 9.69 | 265.23 | 9,977.50 Cr |
| Allied Digital Services Limited | 6.30 | 15.52 | 5.85 | 21.71 | 9,679.10 Cr |
| Aurionpro Solutions Limited | 38.90 | 18.62 | 13.06 | 322.90 | 14,110.85 Cr |
Strengths & Risks
- Heavily oversubscribed — 125.2x overall (final).
- Strong institutional (QIB) demand — 91.8x.
- Revenue grew 15% in the latest reported year.
- Solid profit margin — 9.4%.
- Strong return on equity — 30%.
Our data checks haven't flagged a specific concern for SRIT India — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
From this issue's live data. Not investment advice — read the RHP.
Company Information
SRIT India at a glance
From the company's description: “SRIT India, founded in September 1999, is an IT and IT-enabled Services (IT/ITeS) solutions firm that offers digital solutions, custom application development, and system integration services.”
SRIT India is raising ₹218 crore through an IPO on the BSE and NSE mainboard. All of it is a fresh issue: there is no offer for sale, so every rupee raised goes to the company rather than to selling shareholders. Main stated uses of the fresh money: Funding working capital requirements of our Company (₹124 crore) and Funding of capital expenditure requirements towards modernization of existing products and redevelopment (₹15.36 crore).
Revenue went from ₹282 crore in 2024 to ₹463 crore in 2026, up 64% over 2 years. Profit after tax went from ₹29.08 crore to ₹43.29 crore, a net margin of 9.4% in the latest year.
Debt stands at 0.23 times equity.
Written from the issue's offer-document figures shown on this page. Not investment advice.
Company Contact Information
SRIT India Ltd., SRIT House, #113/1B,, ITPL Main Road, Kundalahalli, Bengaluru, Karnataka, 560037
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding of capital expenditure requirements towards modernization of existing products and redevelopment | 15.36 |
| Funding working capital requirements of our Company | 124.00 |
| Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | - |
Resources & Documents
Anchor Investors
SRIT India IPO - Quick Take
SRIT India has set a price band of Rs 123–Rs 130 per share for an issue size of Rs 218 crore. The stock listed with a 7.54% gain versus its issue price on October 06, 2026.
The issue is promoted by Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko with Choice Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards funding of capital expenditure requirements towards modernization of existing products and redevelopment (Rs 15 crore) and funding working capital requirements of our Company (Rs 124 crore).
On fundamentals, the company is posting revenue growth of 15.5%, a profit margin of 9.4%, return on equity of 30.2% in its most recent reported period. Listed peers in this segment include Mastek Limited (P/E 12.59x) and Railtel Corporation of India Limited (P/E 24.03x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read very strong — GMP, subscription demand and fundamentals are all reading positively. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
SRIT India IPO: Lead Manager & Registrar Track Record
How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out SRIT India itself, so they describe what came before it.
- SRIT India listed at +7.5% on day one; the median of 113 listings was +6.7% (better than 53% of them).
- Subscribed 125x against a median of 20.43x across 111 issues (higher than 86%).
- Average listing-day move across all 114 Mainboard listings we track: +13.6%.
| Firm | Other IPOs | Listed at / above issue | Avg move | Median |
|---|---|---|---|---|
| Choice Capital Advisors Pvt.Ltd. Lead manager | 6 3 MB · 3 SME | 83% 5 of 6 | +18.7% | +9.5% |
| Kfin Technologies Ltd. Registrar | 99 54 MB · 45 SME | 81% 78 of 96 | Check allotment → | |
Recent listings managed by Choice Capital Advisors Pvt.Ltd. (5)
Best: Adroit Industries +75.4% · Weakest: Genxai Analytics −20%
| IPO | Listed | Listing-day move |
|---|---|---|
| Nityas Gems | 08 Oct 2026 | +9.3% |
| Adroit Industries | 30 Sep 2026 | +75.4% |
| Sonaselection India | 24 Sep 2026 | +3.3% |
| Maharaja & Speedex India | 18 Sep 2026 | +34.4% |
| Sotefin Bharat | 23 Jul 2026 | +9.6% |
A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.
Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.
Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.
Frequently Asked Questions
SRIT India IPO GMP — What It Means
Its last GMP before listing was 47.7%. Of the 26 Mainboard IPOs we have tracked with a final GMP of 25% or more, 26 listed above, 0 flat and 0 below the issue price; SRIT India listed 7.5% above its issue price.
See the full SRIT India GMP history and trend, or learn how grey market premium works and how reliable it is.
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