SRIT India (Mainboard IPO)
📅 Dates: 28 - 30 Sep • 💰 Issue Size: 1,68,00,000 shares (agg. up to ₹218 Cr)Complete guide to SRIT India Mainboard IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | Mainboard IPO (BSE, NSE) |
| Issue Dates | 28 - 30 Sep |
| Price Band | ₹123 to ₹130 |
| Total Issue Size | 1,68,00,000 shares (agg. up to ₹218 Cr) |
| Minimum Market Lot | 115 shares (Min. Inv: ₹14,950) |
| Listing Price (Debut) | ₹153.95 (-₹1.10 (-0.71%)) |
| Subscription Status | 125.16x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐⭐⭐⭐ (5/5 - Blockbuster Demand) |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 91.84x |
| Non-Institutional / HNI | 312.99x |
| Retail Individual (RII) | 63.70x |
| Total Subscription | 125.16x (Updated: 07 Oct, 17:48) |
📅 Tentative Timetable
| Event | Tentative Date |
|---|---|
| IPO Open | Mon, Sep 28, 2026 |
| IPO Close | Wed, Sep 30, 2026 |
| Allotment | Thu, Oct 1, 2026 |
| Refund | Mon, Oct 5, 2026 |
| Credit of Shares | Mon, Oct 5, 2026 |
| Listing | Tue, Oct 6, 2026 |
💼 Market Lot & Investment Sizing
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 115 | ₹14,950 |
| Retail (Max) | 13 | 1495 | ₹1,94,350 |
| S-HNI (Min) | 14 | 1610 | ₹2,09,300 |
| S-HNI (Max) | 66 | 7590 | ₹9,86,700 |
| B-HNI (Min) | 67 | 7705 | ₹10,01,650 |
💰 Financial Summary
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 548.05 | 496.64 | 428.96 | 333.41 |
| Total Income | 237.52 | 400.50 | 282.22 | 162.93 |
| Profit After Tax | 19.92 | 33.60 | 29.08 | 15.04 |
| EBITDA | 32.07 | 49.81 | 40.99 | 22.51 |
| NET Worth | 156.18 | 93.17 | 80.47 | 51.30 |
| Reserves and Surplus | 133.17 | 72.93 | 53.52 | 24.35 |
| Total Borrowing | 46.03 | 61.84 | 24.83 | 17.60 |
| Amount in ₹ Crore |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
SRIT India sells end‑to‑end digital transformation projects – custom software, system integration and managed services – to government bodies and large enterprises. Payments come mainly from long‑term contracts and milestone‑based fees paid by ministries, state utilities and private sector telco/healthcare firms.🚀 Key Strengths & Growth Drivers
• Deep niche expertise in public‑sector digitisation gives it a steady pipeline of high‑value, low‑competition work.• Presence across three fast‑growing verticals (healthcare, e‑governance, telecom) lets the firm ride sector‑wide spend on automation and data platforms.
• Proven track record of delivering AI‑enabled public‑safety and transport solutions, positioning it for upcoming smart‑city initiatives.
⚠️ Key Risks & Red Flags
• Heavy reliance on a handful of government contracts could hurt revenue if policy or budget cycles shift.• Working‑capital pressure from long implementation cycles and upfront resource deployment may strain cash flow.
• Limited geographic diversification; most earnings come from India, exposing the firm to domestic regulatory and fiscal risks.
🎯 Retail Verdict
The IPO looks like a classic “listing pop” candidate – a niche player with solid order book but limited upside beyond the next few years of public‑sector spend. It’s not a high‑growth, long‑term compounder; retail investors should treat it as a speculative play or stay on the sidelines unless they’re comfortable with the concentration risk.🏢 About SRIT India
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
💬 Community Discussion & Views
Are you planning to apply for the SRIT India IPO? Share your bidding strategy, allotment status, or listing expectations with fellow investors in the replies below!👉 Browse all upcoming Mainboard & SME IPOs on UNP
Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
📌 Thread Quick Navigation: Post #2: Live & Historic GMP | Post #3: Subscription Stats | Post #4: Allotment Status | Post #5: Listing Debut | Post #6: Community & Social Reviews
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