SRIT India came to market through an IPO that opened on 28 September 2026 and closed on 30 September 2026, and the shares listed on 6 October 2026 on the NSE and BSE. The price band was ₹123 to ₹130 per share and one lot was 115 shares, so the minimum application was ₹14,950. The issue size was ₹218.4 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹148, a gain of 13.8% against the issue price of ₹130. Kfin Technologies Ltd was the registrar to the issue, and Choice Capital Advisors Pvt.Ltd was the lead manager.
The issue was subscribed 125.16 times overall.
SRIT India Ltd. is a Bengaluru-based Information Technology and Information Technology-enabled Services (“IT/ITeS”) company, focusing on digital transformation and system automation via customised application development and systems integration. Over the past two decades and six years, the Company has developed substantial expertise in the design, implementation, and management of digital platforms for use by Government organizations and enterprises in India and selected foreign jurisdictions. The company’s business activities can be categorized into three major verticals:
(i) Healthcare, (ii) Electronic Governance, and (iii) Telecommunications and Broadband. The company’s ongoing and delivered projects include provision of solutions based on Artificial Intelligence for use by Public Safety and Transportation Departments; complete computerization of core and auxiliary functions of a State-run beverage distribution and retail entity; as well as development, maintenance, and handholding of a number of digital platforms, such as Supply Management Information Systems, Health Management Information Systems, e-Prescription platform, and licensing solutions.
The company serves a diversified customer base of: (i) Government agencies and other public sector entities including Central, State and Local Government Departments and other entities purchasing technology products for administrative and infrastructure purposes (in aggregate, Government); and (ii) Private sector companies and Enterprises (in aggregate, Enterprises).
As described in the offer document.
Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar, Martin Poovakkulam Chacko. Promoter holding 84.91% before the issue and 62.71% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
₹123 to ₹130 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 115 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,950.
₹14,950, for one lot of 115 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 28 September 2026 and closed on 30 September 2026.
The basis of allotment was published on 1 October 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 6 October 2026 on the NSE and BSE, opening at ₹148.
The issue size was ₹218.4 crore. The fresh issue was 1,68,00,000 shares (aggregating up to ₹218.4 crore).
It listed at ₹148 against an issue price of ₹130, a gain of 13.8 percent on listing day.