SRIT India IPO 2026: Date, Price Band, GMP and Details

Dates, price band, lot size, financials and full details of the SRIT India Limited IPO, sourced from the company's Red Herring Prospectus (RHP).

SRIT India IPO at a glance

SRIT India Limited is bringing a Book Built Mainboard IPO worth ₹218.40 crore. The issue is entirely a fresh issue of 1,68,00,000 shares, with no Offer for Sale (OFS), so the company receives the proceeds. The IPO is open from 28 September to 30 September 2026 and is proposed to list on the BSE and the NSE.

SRIT India IPO Details

SRIT India IPO Timelines

Dates are tentative and may change.

SRIT India IPO GMP

GMP stands for Grey Market Premium. It is the extra amount some traders are willing to pay for IPO shares in an informal market before listing, on top of the issue price. This market runs outside the stock exchanges, so the figure is unregulated, unverified, and can move sharply within a single day. A high GMP does not confirm a listing gain, and a low one does not rule it out, because it tracks short-term sentiment rather than the worth of the business. A steadier read on the IPO comes from the company's financials, how it plans to use the money, its valuation, and the risk factors set out in the Red Herring Prospectus (RHP).

About SRIT India Limited

Originally incorporated as Sobha Renaissance Information Technology Private Limited in September 1999 (converted to a public limited company and renamed SRIT India Limited in May 2025), SRIT India Limited is a Bengaluru-headquartered information technology and IT-enabled services (IT/ITeS) company. It builds and operates digital platforms and provides custom application development, system integration, operations and maintenance (O&M), and managed services, primarily for government and public-sector customers.

Its operating model combines proprietary software products with turnkey implementation and long-duration service contracts, and it has a diverse order book across offerings, clients, and geographies.

The company's promoters are Dr. Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar, and Martin Poovakkulam Chacko.

What are the Key Strengths of SRIT India (as stated in the RHP)

• Established track record with end-to-end product, solution, and integration capabilities.
• Diverse order book across offerings for multiple clients and geographies.
• Extensive geographic footprint with scalable operations across key markets.
• Strong financial performance and a healthy balance sheet.
• Experienced promoters and senior management team, with domain knowledge.

What the Money Will Be Used For

The IPO is entirely a fresh issue of ₹218.40 crore, with no Offer for Sale, so all the proceeds go to the company. It plans to use the money for the following:

• Funding working capital requirements of the company: ₹124 crore.
• Funding inorganic growth through acquisitions and strategic initiatives.
• General corporate purposes.

Per the RHP, only the working capital amount is fixed. The amounts for inorganic growth and general corporate purposes are not separately fixed in the RHP, and the company has stated it has not yet identified any specific acquisition targets for the net proceeds.

What are the Company Financials of SRIT India

Restated consolidated figures, in ₹ crore.

2-Yr Compound Annual Growth Rate (CAGR) is calculated from FY 2024 to FY 2026. Net worth roughly doubled in FY 2026, largely reflecting a pre-IPO capital raise. Operating EBITDA is the metric disclosed in the RHP.

Who Can Apply

The offer is split across investor categories as follows:

How to Apply for the SRIT India IPO

You can apply online through your broker app or through your bank's net banking using the Application Supported by Blocked Amount (ASBA) facility.

1. Log in to your broker app or your bank's net banking.
2. Open the IPO section and select SRIT India IPO.
3. Enter the number of lots and your bid price, or select the cut-off price.
4. Enter your Unified Payments Interface (UPI) ID, or confirm your bank account for the ASBA route.
5. Submit the application form.
6. Approve the mandate request in your UPI app to block the funds until allotment.

How to Check Allotment Status

The basis of allotment is expected to be finalised on 1 October 2026. Once it is out, you can check your allotment status in three ways. You will need your PAN, application number, or DP/Client ID.

• On the registrar's website, KFin Technologies, at the IPO status page.
• On the BSE or NSE website under the IPO allotment section.
• Inside your broker app, under orders or IPO history.

Key Risk Factors

The RHP lists several risk factors. A few of the key ones are summarised below. Please read the full RHP for the complete list.

• A majority of its projects are awarded through a competitive bidding process; any failure to qualify for, complete, or win new contracts could affect its business.
• It relies significantly on government and public-sector customers.
• It relies on third parties, including contractors and sub-contractors, to complete specific projects or portions of its projects.
• Trade receivables and contract assets form a substantial part of its current assets and net worth; its trade-receivable days were 233 days in FY 2026.
• As on the date of the RHP, it has not identified any acquisition targets for the portion of the net proceeds earmarked for inorganic growth.
• A cyberattack or online security breach could adversely affect its business, financial results, and reputation.
• Its employee attrition rate was 33.63%, 19.10%, and 24.05% in FY 2026, FY 2025, and FY 2024.
• Its business requires significant working capital, and variations in its key assumptions could increase its financing needs.
• Its actual project costs and timelines may differ significantly from its bid assumptions.
• Its registered, corporate, and branch offices are located on land not owned by the company.

Frequently Asked Questions (FAQs)

1. When does the SRIT India IPO open and close?

The IPO opens on 28 September 2026 and closes on 30 September 2026.

2. What is the price band of the IPO?

The price band is ₹123 to ₹130 per share.

3. What is the lot size?

One lot is 115 shares. Applications are made in multiples of 115 shares.

4. What is the minimum investment for retail investors?

The minimum investment is ₹14,950 at the upper price band (1 lot of 115 shares).

5. When is the allotment date?

The allotment is expected to be finalised on 1 October 2026, with shares credited to demat accounts by 5 October 2026.

6. When is the listing date?

The shares are proposed to be listed on the BSE and the NSE on 6 October 2026 (tentative).

7. What does SRIT India do?

It is a Bengaluru-based IT and IT-enabled services company that builds and operates digital platforms and provides system integration, operations and maintenance, and managed services, mainly for government and public-sector customers.

8. What is the GMP of the SRIT India IPO?

GMP, or Grey Market Premium, is an informal pre-listing price that sits outside the stock exchanges and is neither regulated nor verified. It shifts with day-to-day sentiment and does not confirm how the shares will list. A more reliable picture comes from the company's financials, valuation, and the risks in the RHP.

9. Who is the registrar for the IPO?

KFin Technologies Limited is the registrar. Allotment status can be checked on its website.

Read the full Red Herring Prospectus (RHP): View the full RHP filed with SEBI and the exchanges.

Disclaimer: This page is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any securities. All figures are sourced from the company's Red Herring Prospectus and public filings and may change. Investments in securities are subject to market risks. Please read all offer documents carefully and consult a registered financial advisor before making any investment decision.