SRIT India IPO
SRIT India digital technology IPO opens with a 0.32x subscription on day one.
Anonymous
Bengaluru-based digital technology provider SRIT India opened its ₹218.4 crore IPO on September 28, offering 1.68 crore fresh shares at ₹123–₹130 apiece; the offer closes September 30, and listing is expected October 6. On the first day, the issue was subscribed 0.32 times, with retail demand at 0.55 times, non-institutional demand at 0.20 times and no QIB bids reported at the time. The company plans to use proceeds mainly for working capital, as well as product modernisation, potential acquisitions and other corporate purposes. SRIT provides digital platforms and IT services across e-governance, telecommunications and broadband, and healthcare, and is expanding AI-enabled solutions. It reported FY26 revenue of ₹450 crore and an order book of ₹1,205 crore as of June; a separate figure put its order book at ₹1,182.8 crore for the year ended March 2026. Unofficial grey-market premium estimates varied, reaching ₹33 during the first day.
Key Points
1
At the upper end of the price band, SRIT India is seeking a valuation of ₹835.5 crore.
2
The IPO allocation reserves 50% of the issue for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors; the minimum bid is 115 shares, or ₹14,950 at the upper price-band limit.
3
Promoters’ shareholding is expected to fall to 62.59% after the IPO, from 84.74% before the issue.
4
Master Capital described the IPO as suitable for long-term investors. It said SRIT intends to invest in infrastructure upgrades and emerging technologies, including AI and automation, while seeking growth in new and emerging markets.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
28
Articles
12
Reach
40
A
AnonymousAuthor
