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SRIT India IPO
Price Band
₹123.0–130.0
Issue Size
₹218.4 Cr
Lot Size
115 shares
Min Investment
₹14,950
GMP
+₹33.0 (25.38%)
Issue Price
₹130.0
Subject to Sauda
₹2900
Paid only if allotted
SRIT India IPO AI Summary
- SRIT India IPO is open now on BSE, NSE in the Computers - Software & Consulting sector.
- Price band: ₹123.0–₹130.0 per share, lot size 115 shares (min. investment ₹14,950).
- Subscription window: 28 Sep–30 Sep 2026, listing on 06 Oct 2026.
- Current GMP is +₹33.0 (25.38%), an estimated listing price of ₹163 — unofficial and can change daily.
SRIT India Ltd. is set to launch its IPO with a price band of ₹123.0 to ₹130.0, targeting a total issue size of ₹218.4 Cr. The company has a strong track record in the IT/ITeS sector, focusing on digital transformation and system automation across various verticals. Investors should consider the company's financial performance, market conditions, and their own risk appetite before participating in the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
SRIT India IPO — Third-Party Research Views
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
LIVE · updates every 5 minIPO is live — subscription open
Data auto-updates every 5 minutes
SRIT India IPO Grey Market Premium (GMP) Today
GMP
+₹33.0
GMP %
+25.38%
Est. Listing
₹163.0
Updated: 28 Sep 2026 02:15
GMP Trend (Last 4 Days)
TopFund Score — Listing Data Indicator
GMP is 25.4% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 18.1% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
SRIT India Ltd. is an India-based Information Technology and Information Technology-enabled Services (“IT/ITeS”) company headquartered in Bengaluru, specialising in digital transformation and system automation through bespoke application development and systems integration. Over the past twenty-six years, the company has built deep capabilities in conceptualising, deploying, and managing digital platforms for government organisations and enterprise clients across India and select international markets. Its business operations are aligned across three principal verticals: (i) Healthcare, (ii) Electronic Governance, and (iii) Telecommunications and Broadband. Its ongoing and completed engagements include the delivery of AI-enabled solutions for public safety and transportation systems; end-to-end computerisation of core and ancillary operations for a state-owned beverage distribution and retail corporation; and the development, maintenance, and handholding support of multiple digital platforms such as Supply Management Information Systems, Health Management Information Systems, e-Prescription platforms, and online licensing solutions. As of September 30, 2025, its outstanding order book stood at ₹12,806.21 million. Over the last decade, the company has successfully executed over 103 projects, representing a cumulative order value of ₹12,347.16 million, across the healthcare, electronic governance, and telecommunications and broadband sectors. The company serves a broad and diversified customer base comprising: (i) government bodies and public sector entities, including Central, State, and local government departments and institutions that procure technology solutions for administrative, infrastructure, and public service delivery purposes (collectively, “Government”); and (ii) private sector businesses and enterprises (collectively, “Enterprises”). Competitive Strengths: Established track record with end-to-end product solution and integration capabilities Diverse Order Book across offerings for multiple clients & geographies Extensive geographic footprint with scalable operations across key markets Strong financial performance and healthy balance sheet Experienced Promoters and Senior Management team, having domain knowledge
Company Financials (₹ Cr)
As of 2026-03-31
| 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 | 51.30 | 22.28 |
Key Ratios
EPS
₹9.12
NAV
₹40.71
ROE
30.23%
ROCE
28.79%
RoNW
30.23%
P/B Value
3.19
P/E Ratio
14.25
Market Cap
₹835.53 Cr
PAT Margin
9.62%
Debt/Equity
0.23
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Aurionpro Solutions Ltd. | 322.9 | 13.06% | 18.62 | 38.9 | 37.87 |
| Allied Digital Services Ltd. | 21.71 | 5.85% | 15.52 | 6.3 | 6.25 |
| Protean Egov Technologies Ltd. | 265.23 | 9.69% | 19.8 | 24.7 | 24.7 |
| Railtel Corp.Of India Ltd. | 70.47 | 16.25% | 24.03 | 10.79 | 10.79 |
| Mastek Ltd. | 965.11 | 14.81% | 12.59 | 130.45 | 129.5 |
| SRIT India Ltd. This IPO | 40.71 | 30.23% | — | 9.47 | 9.47 |
Promoters
Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar, Martin Poovakkulam Chacko
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total Income was ₹282.22 Cr in the period ending 31 Mar 2024, rising to ₹400.50 Cr by 31 Mar 2025, and further increasing to ₹462.54 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹29.08 Cr in the period ending 31 Mar 2024, increasing to ₹33.60 Cr by 31 Mar 2025, and further rising to ₹43.29 Cr by 31 Mar 2026.
Valuation
Priced at roughly 14.25 trailing earnings, versus peers trading at a P/E range of 12.59 to 24.03.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for shares in the grey market, where shares are bought and sold before they are officially listed on the stock exchange. A positive GMP suggests strong demand, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's fundamentals, market conditions, and personal financial situation before making a decision.
Who May Want to Wait
Investors who prefer stable, low-risk investments or those who are not comfortable with the potential for short-term price fluctuations may want to avoid IPOs like this, which can be subject to market volatility.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 28 September 2026, closing on 30 September 2026, with allotment expected on 1 October 2026 and listing on 6 October 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day, compared to the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing. Investors should be aware of the risks involved in trading on the listing day.
This evaluation is generated from SRIT India's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is SRIT India IPO GMP today?
SRIT India IPO GMP today is +₹33.0 (25.38%), indicating an estimated listing price of ₹163. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of SRIT India IPO?
The price band of SRIT India IPO is ₹123.0–₹130.0 per share.
When does SRIT India IPO open and close?
SRIT India IPO opens on 28 September 2026 and closes on 30 September 2026.
When does SRIT India IPO list on the stock exchange?
SRIT India IPO is scheduled to list on 06 October 2026, with an estimated listing price of ₹163.0 based on current GMP.
What is the lot size for SRIT India IPO?
The lot size for SRIT India IPO is 115 shares, requiring a minimum investment of ₹14,950.
What is the TopFund Listing Data Indicator for SRIT India?
SRIT India's Listing Data Indicator score is 60/100 (Moderate signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the SRIT India IPO?
The price band for the SRIT India IPO is ₹123.0 to ₹130.0.
What is the lot size for the SRIT India IPO?
The lot size for the SRIT India IPO is 115 shares.
What is the minimum investment required for the SRIT India IPO?
The minimum investment required for the SRIT India IPO is ₹14,950.
When is the listing date for the SRIT India IPO?
The listing date for the SRIT India IPO is 6 October 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Sep 2026
Close
30 Sep 2026
Allotment
01 Oct 2026
Listing
06 Oct 2026
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