SRIT India IPO
Bookbuilding IPO | ₹218.00 Cr | Listing at BSE, NSE
Closed
IPO Open
Mon, Sep 28, 2026
IPO Close
Wed, Sep 30, 2026
Price Band
₹123.00 to ₹130.00
Market Cap (Pre-IPO)
-
IPO Details
| IPO Date | Sep 28, 2026 to Sep 30, 2026 |
| Listing Date | Tentative: Oct 01, 2026 |
| Face Value | ₹5.00 per share |
| Price Band | ₹123.00 to ₹130.00 |
| Lot Size | 115 Shares (Minimum: ₹14,950.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹218.00 Crores |
| Total Shares Offered | 16,800,000 shares |
| Fresh Issue | 16,800,000 shares |
| Offer For Sale | 16,800,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 0.00x |
| NII | 0.52x |
| RII | 1.20x |
| Total | 0.71x |
SRIT India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 50.00 |
| Retail Shares Offered | 35.00 |
| NII Shares Offered | 15.00 |
SRIT India IPO Lot Size
Investors can bid for a minimum of 115 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 115 | ₹14,950 |
| Retail (Max) | 13 | 1,495 | ₹194,350 |
| S-HNI (Min) | 14 | 1,610 | ₹209,300 |
| S-HNI (Max) | 66 | 7,590 | ₹986,700 |
| B-HNI (Min) | 67 | 7,705 | ₹1,001,650 |
SRIT India Financial Information (Restated Consolidated)
SRIT India Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 614.16 | 496.64 | 428.96 |
| Total Income | 462.54 | 400.50 | 282.22 |
| Profit After Tax | 43.29 | 33.60 | 29.08 |
| EBITDA | 64.77 | 49.81 | 40.99 |
| NET Worth | 193.27 | 93.17 | 80.47 |
| Reserves and Surplus | 169.54 | 72.93 | 53.52 |
| Total Borrowing | 36.15 | 72.93 | 22.28 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 30.23% |
| ROCE (Return on Capital Employed) | 28.79% |
| Debt/Equity | 0.23 |
| RoNW (Return on Net Worth) | 30.23% |
| PAT Margin (Profit After Tax Margin) | 9.62% |
| EBITDA Margin | 14.39% |
| Price to Book Value | 3.19 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 9.12 | 6.74 |
| P/E (x) | 14.25 | 19.29 |
Company Overview
SRIT India Limited – Company Overview
- Incorporated in September 1999 and headquartered in Bengaluru, SRIT India Limited is an Information Technology and Information Technology enabled Services (IT/ITeS) solutions company providing digital solutions, custom application development and system integration services.
- With 26 years of industry experience, the Company designs, implements and operates digital platforms for Government entities and Enterprises across India and select overseas markets.
- The Company operates across three key verticals: healthcare, electronic governance, and telecommunications and broadband.
- Its offerings include healthcare information systems, digital health platforms, e-governance solutions, cybersecurity, enterprise software, networking, connectivity, fibre optic infrastructure, system integration, automation and managed services.
- The Company also provides configurable and customised solutions that can be integrated with third-party platforms and has commenced developing AI-enabled solutions across its key verticals.
- Over the last decade, the Company has executed more than 103 projects with an aggregate order value of approximately ₹12,347.16 million for Government and Enterprise customers.
- Its projects include healthcare platforms, nationwide banking connectivity, state-wide fibre networks, AI-driven traffic management and power transformer monitoring solutions. The Company has a presence across multiple Indian states and also operates internationally through its Qatar operations.
- The Company's delivery processes are appraised at CMMI Level 5 and SSE-CMM and are certified to ISO 27034-1:2011, ISO/IEC 27001:2022 and ISO 45001:2018.
- Revenue from operations increased from ₹3,893.47 million in Fiscal 2025 to ₹4,499.99 million in Fiscal 2026, while profit after tax increased from ₹336.04 million to ₹432.89 million during the same period.
- As of June 30, 2026, the Company had 177 permanent employees, 7 contract-specific employees and 107 consultants supporting application development, project management, operations, solution architecture, support engineering, quality management and service delivery.
Company Strengths
- Strong financial performance.
- Growing capabilities in AI-enabled solutions.
- Diversified presence across three key verticals.
- Experienced Promoters and Senior Management team.
- End-to-end digital solutions and integration capabilities.
- 26 years of industry experience and established track record.
- Strong Government and Enterprise project execution track record.
Use of Proceeds
| 1) | Funding of capital expenditure requirements towards modernization of existing products and redevelopment | 12.86 |
| 2) | Funding working capital requirements of the Company | 124.00 |
| 3) | Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | |
| Total | 136.86 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
SRIT India IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| SRIT India Ltd. | 9.47 | 9.47 | 40.71 | - | 30.23 | - | Consolidated |
| Mastek Ltd. | 130.45 | 129.50 | 965.11 | 12.59 | 14.81 | 1.69 | - |
| Railtel Corp.Of India Ltd. | 10.79 | 10.79 | 70.47 | 24.03 | 16.25 | - | - |
| Protean Egov Technologies Ltd. | 24.70 | 24.70 | 265.23 | 19.80 | 9.69 | 1.84 | - |
| Allied Digital Services Ltd. | 6.30 | 6.25 | 21.71 | 15.52 | 5.85 | 4.57 | - |
| Aurionpro Solutions Ltd. | 38.90 | 37.87 | 322.90 | 18.62 | 13.06 | 2.19 | - |
Quick Info
| Sector | Information Technology and Information Technology-enabled Services (IT/ITeS) |
| Exchange | BSE, NSE |
Important Dates
| IPO Open | Sep 28, 2026 |
| IPO Close | Sep 30, 2026 |
| Allotment Date | Oct 06, 2026 |
| Credit to Demat | Oct 05, 2026 |
| Listing Date | Tentative: Oct 01, 2026 |
Lead Manager(s)
Choice Capital Advisors Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹218.40 crores.
- Issue Structure: The issue is entirely a fresh issue of 1.68 crore shares aggregating to ₹218.40 crores.
- IPO Dates: The issue opens for subscription on September 28, 2026 and closes on September 30, 2026.
- Allotment Date: The allotment is expected to be finalized on October 1, 2026.
- Listing Details: The shares are proposed to be listed on NSE and BSE on October 6, 2026.
- Retail Investment Requirement: Minimum 1 lot (115 shares) amounting to approximately ₹14,950 at the upper price band.
- Issue Price Band: ₹123 to ₹130 per equity share.
- Lot Size: 115 shares per lot.
This IPO offers investors an opportunity to participate in the company through an entirely fresh issue of shares.