SRIT India IPO
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.
IPO GMP
+₹59
+45% expected gain
Price Band
₹123 - ₹130
Lot Size
115 shares
Min Investment
₹14,950
Listing Date
October 6, 2026
About SRIT India
Company overview, business, and key facts.
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.
Founded
1999
Headquarters
Bengaluru, Karnataka
Promoters
Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar, Martin Poovakkulam Chacko
Website
http://www.sritindia.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Proven End-to-End Capabilities: This is a company that boasts of proven capability to conceive, develop, deploy and manage technology-based solutions. It has a diverse set of end-to-end capabilities including customised application development, systems integration and platform support services.
- A Diverse Order Book: The backlog for SRIT India covers different product/service lines, clients and geographic regions. At September 30, 2025, the backlog position for SRIT India stands at ₹1,280.62 crore.
- Geographic & Sector Diversity: Over the past period, the company has implemented more than 103 projects in areas such as healthcare, electronic governance and telecommunications & broadband sectors. The client list comprises government agencies and private firms.
Risks
- Dependency on Competitive Bidding: Most of the projects of the company are awarded on the basis of competitive bidding. Non-qualification for, loss of or inability to execute contracts can be detrimental to its business, financial position, operating results, growth and cash flows.
- High Dependency on Government Bids: The government accounts for 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. Any delay in receipt of government bids, change in government policy or foreclosures, termination, restructure and renegotiation of contracts can have a material impact on the operations and performance of the company.
- High Concentration of Customers: The top ten customers account for 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. Loss of a few or all the major customers and reduction in demand from them can adversely impact its business and performance.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
SRIT India IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2026
+15.5%
28% a year over the period
Profit growth, 2026
+28.8%
22% a year over the period
Profit margin (PAT)
9.4%
EBITDA margin 14.39%
ROE / ROCE
30.23% / 28.79%
As published in the offer document
Debt to equity
0.23
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹6,785
115 shares on ₹14,950. GMP is unofficial.
What stands out
- Profit grew 28.8% in 2026.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: post-IPO share count (market cap and P/E not computable).
IPO Analysis SummaryAI-generated
A plain-language review of SRIT India's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
SRIT India IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, SRIT India IPO is trading at a grey market premium (GMP) of +₹59 (+45% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 121.24x overall — QIB: 91.84x, NII: 310.94x, Retail: 56.75x.
SRIT India IPO subscription has closed. The shares are expected to list on October 6, 2026.
The minimum investment required is ₹14,950 for 115 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Proven End-to-End Capabilities: This is a company that boasts of proven capability to conceive, develop, deploy and manage technology-based solutions. It has a diverse set of end-to-end capabilities including customised application development, systems integration and platform support services.; A Diverse Order Book: The backlog for SRIT India covers different product/service lines, clients and geographic regions. At September 30, 2025, the backlog position for SRIT India stands at ₹1,280.62 crore.. Investors should note the following risks: Dependency on Competitive Bidding: Most of the projects of the company are awarded on the basis of competitive bidding. Non-qualification for, loss of or inability to execute contracts can be detrimental to its business, financial position, operating results, growth and cash flows.; High Dependency on Government Bids: The government accounts for 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. Any delay in receipt of government bids, change in government policy or foreclosures, termination, restructure and renegotiation of contracts can have a material impact on the operations and performance of the company..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
SRIT India IPO — Frequently Asked Questions
What is SRIT India IPO GMP today?
SRIT India IPO GMP (grey market premium) today is +₹59, suggesting an estimated listing gain of +45%. GMP is indicative and subject to change.
What is the price band of SRIT India IPO?
The price band for SRIT India IPO is ₹123 - ₹130 with a lot size of 115 shares. The minimum investment required is ₹14,950.
When is SRIT India IPO allotment date?
SRIT India IPO allotment is expected to be finalised on October 1, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will SRIT India IPO list on NSE/BSE?
SRIT India IPO is expected to list on BSE, NSE on October 6, 2026.
How to check SRIT India IPO allotment status?
To check SRIT India IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for SRIT India IPO?
SRIT India IPO is showing a strong GMP of +₹59 (+45%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of SRIT India IPO?
The lot size for SRIT India IPO is 115 shares per lot. The minimum investment for retail investors is ₹14,950. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.