SRIT India IPO
Day 1 of 3 of bidding · Sept 28, 2026
SRIT India IPO is on Day 1 of 3 of its subscription window. The latest grey market premium is Rs 33 (25.4% over issue price), up Rs 1 from previous. Total subscription stands at 0.45x (NII 0.3x, Retail 0.78x). Bidding closes on Sept 30, 2026 (in 2 days).
Last updated:Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Financial Analysis
| 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 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| 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 |
Promoters: Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko
Strengths & Risks
- Strong grey-market premium — +25% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Revenue grew 15% in the latest reported year.
- Solid profit margin — 9.4%.
- Strong return on equity — 30%.
Risk signals for SRIT India will appear here as subscription, valuation and GMP data arrive. Always read the company-specific risk factors in the RHP before you apply.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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. The firm has over 26 years of experience in designing, implementing, and operating digital platforms for government entities and organizations in India as well as international markets. The service offering includes healthcare information systems, digital health platforms, e-governance solutions, cybersecurity, enterprise software, networking, connectivity, fibre optic infrastructure, system integration, automation, and managed services. In the last 10 years, SRIT India has executed more than 103 projects for government and enterprise customers. Its projects consist of healthcare platforms, nationwide banking connectivity, state-wide fibre networks, AI-driven traffic management, and power transformer monitoring solutions.
SRIT India Ltd., SRIT House, #113/1B,, ITPL Main Road, Kundalahalli, Bengaluru, Karnataka, 560037
| 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
SRIT India has set a price band of Rs 123–Rs 130 per share for an issue size of Rs 218 crore. The Mainboard issue is currently open for subscription and closes in 2 days on September 30, 2026.
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. The firm has over 26 years of experience in designing, implementing, and operating digital platforms for government entities and organizations in India as well as international markets.
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).
Grey market is quoting a premium of +Rs 33 (+25.4% over issue price), up Rs 20 from the previous session. Live demand data shows overall subscription at 0.45x, retail at 0.78x, NII at 0.30x.
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 are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
SRIT India IPO GMP — What It Means
The latest grey market premium for SRIT India IPO is ₹33 (+25.4%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For SRIT India it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
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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