SRIT India IPO
UpcomingMainboardOpens 28 September 2026Closes 30 September 2026
Incorporated in 1999, SRIT India Limited is a Bengaluru-based Information Technology and IT-enabled Services (IT/ITeS) solutions provider specializing in large-scale digital transformation and system automation. The…
Incorporated in 1999, SRIT India Limited is a Bengaluru-based Information Technology and IT-enabled Services (IT/ITeS) solutions provider specializing in large-scale digital transformation and system automation. The company designs, deploys, and manages bespoke software platforms and integrated turnkey systems for government authorities, public sector units, and enterprise clients across three core verticals: Healthcare, Electronic Governance, and Telecommunications & Broadband. As of September 30, 2025, SRIT India had an outstanding order book of ₹1,280.62 Crore and has executed more than 103 projects over the past decade, including national/state-wide automated traffic systems, hospital management platforms, e-governance suites, and broadband network integration.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
28 Sept 2026
IPO Closes
30 Sept 2026
Allotment
1 Oct 2026
Listing
6 Oct 2026
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 28 September 2026 |
| IPO Close Date | 30 September 2026 |
| Allotment Date | 1 October 2026 |
| Listing Date | 6 October 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,950 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,350 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,300 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,86,700 |
BHNIAbove ₹10,00,000 | 67 | ₹10,01,650 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Funding of capital expenditure requirements towards modernization of existing products and redevelopment (₹12.86 Cr).
- Funding working capital requirements of the Company (₹124.00 Cr).
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Strengths
- Established track record spanning over 26 years in delivering mission-critical digital platforms, turnkey systems, and proprietary technology solutions.
- Healthy and diversified multi-year order book of ₹1,182.82 Crore as of March 31, 2026 across healthcare, e-governance, and telecom infrastructure.
- Strong financial profile demonstrated by robust return metrics, including FY26 RoNW of 30.23% and RoCE of 28.79%.
- Extensive institutional footprint and domain-led delivery capabilities with public sector undertakings and state-level corporations.
Weaknesses
- Heavy revenue dependency on government tenders, which accounted for 89.41% of revenue from operations in FY26 (91.34% in FY25).
- Significant customer concentration risk, with the top 10 clients contributing 89.36% of revenue from operations in FY26.
- Working capital intensity with extended receivables and contract assets (unbilled revenue of ₹153.80 Cr in FY26) inherent to milestone-based public procurement cycles.
- High reliance on third-party subcontractors and vendors for on-ground project execution and hardware procurement, with subcontracting expenses representing 78.92% of total expenses in FY26.
Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 614.16 | 496.64 | 428.96 |
| Revenue (₹ Cr.) | 462.54 | 400.5 | 282.22 |
| PAT (₹ Cr.) | 43.29 | 33.6 | 29.08 |
| Net Worth (₹ Cr.) | 193.27 | 93.17 | 80.47 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| SRIT India | 3.19 | 19.29 | 30.23% | 193.27 |
| Aurionpro Solutions Ltd. | 2.17 | 18.27 | 12.05% | 1,508 |
| Allied Digital Services Ltd. | 0.89 | 14.19 | 5.79% | 671.24 |
| Protean eGov Technologies Ltd. | 2.35 | 30.63 | 9.34% | 1,077 |
Subscription Details
No daily bids available.
No subscription statistics available.
Company Details
- SRIT India Limited
- SRIT House, #113/1B, ITPL Main Road, Kundalahalli, Bengaluru – 560 037, Karnataka, India
- +91 80 4195 1999
- cs.nidhi@sritindia.com
- https://www.sritindia.com
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222
- srit.ipo@kfintech.com
- https://www.kfintech.com
Frequently Asked Questions
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SRIT India IPO News & Updates
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SRIT India IPO IPO Pages
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SRIT India IPO Details
Issue size, price, financials, and company info
SRIT India IPO GMP
Live grey market premium and listing estimate
SRIT India IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
SRIT India IPO Allotment
Allotment date, chances, and check by PAN
SRIT India IPO Review
SWOT, strengths, risks, and IPO review
SRIT India IPO FAQ
Common questions on dates, GMP, and allotment
SRIT India IPO Registrar
Registrar website and how to check allotment
SRIT India IPO Timeline
Open, close, allotment, and listing dates
SRIT India IPO News
Updates, blogs, and latest IPO news
Sources
We match SRIT India IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- KFin Technologies LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.