SRIT India IPO
LISTEDMAINBOARDListing Performance
▲ 13.85%
Issue Price
₹130
Listing Price
₹148
Listed On
06 Oct 2026
- Price Band
- ₹123 – ₹130
- Lot Size
- 115
- Lot Value
- ₹14,950
- Open Date
- 28 Sep28 Sep 2026
- Close Date
- 30 Sep30 Sep 2026
- Min Investment
- ₹14,950
SRIT India — Stock Performance
About SRIT India
SRIT India Limited was incorporated in 1999 and provides solutions and services across healthcare, e-governance, telecom and related verticals.
Use of IPO Proceeds
Total allocation: ₹136.86 Cr (excludes issue expenses)
Promoters
Dr. Nambiar Raghavan Madhusoodan
Managing Director · age 67
Pre-issue: 50.58%
Prasaktha Vakkiyl Nambiar
Whole-time Director · age 60
Pre-issue: 17.6%
Martin Poovakkulam Chacko
Whole-time Director · age 59
Pre-issue: 16.56%
Investment Analysis
Risk Factors (6)
- •Majority of revenue dependent on competitive government tenders; failure to win new projects significantly impacts operations and financial performance.
- •Natural disasters, terrorism, civil unrest, and hostilities could adversely affect operations, cash flows, financial condition, and equity share price.
- •Economic slowdowns, interest rate changes, inflation, and credit scarcity in India directly impact business performance and growth prospects.
- •Securities surveillance measures may impose trading restrictions limiting market price, liquidity, and trading of equity shares.
- •First public issue lacks formal market history; floor price, cap price, and issue price provide no assurance of post-listing trading price.
- •Political instability, regional conflicts, and deterioration in international relations could negatively affect market sentiment and business operations.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 88.83x (QIB 60.87x, NII 230.15x, Retail 44.25x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 115 | ₹14,950 |
| Retail (max) | 13 | 1,495 | ₹1,94,350 |
| S-HNI (min) | 14 | 1,610 | ₹2,09,300 |
| S-HNI (max) | 66 | 7,590 | ₹9,86,700 |
| B-HNI (min) | 67 | 7,705 | ₹10,01,650 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.01x | 60.87x |
| sNII (S-HNI) | 1.24x | 6.02x | 160.53x |
| bNII (B-HNI) | 0.33x | 2.52x | 264.96x |
| Retail | 1.12x | 4.10x | 44.25x |
| Total | 0.70x | 2.85x | 88.83x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
44.25x
Allotment Ratio
1 lot per 45 applicants
Allotment Probability
~2.3%
Non-Institutional Investors (NII / HNI)
Subscription
230.15x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
60.87x
Allotment Type
Discretionary allotment
Total Subscription
88.83x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
28 Sep 2026 · Mon
Issue Closes
30 Sep 2026 · Wed
Bidding Cut-off (UPI Mandate)
30 Sep 2026 · 5:00 PM IST
Allotment
01 Oct 2026 · Thu
Listing
06 Oct 2026 · Tue
Issue Opens
28 Sep 2026 · Mon
Issue Closes
30 Sep 2026 · Wed
Bidding Cut-off (UPI Mandate)
30 Sep 2026 · 5:00 PM IST
Allotment
01 Oct 2026 · Thu
Listing
06 Oct 2026 · Tue
IPO Details
| Registrar | — |
| Exchange | Equity |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹218.40 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | — |
3-Year Financial Summary
Revenue trend
↑ FY24→FY26
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | 450 | 43.29 | — | — | — |
| FY25 | 389.35 | 33.6 | — | — | — |
| FY24 | 271.09 | 29.08 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | 282.22 | 400.5 | 462.54 |
| EBITDA | 52.12 | 60.96 | 77.31 |
From the company's offer document (DRHP/RHP); restated figures where available.
Check the valuation yourself
Company Fundamentals
11 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in SRIT India's offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in SRIT India's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in SRIT India's filing.
Source: SRIT India offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- Anchor+60.00%
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: SRIT India offer document (DRHP/RHP).
Board & Management
Board of Directors (9)
- Dr. Nambiar Raghavan Madhusoodan
Managing Director and Chief Executive Officer
Founder and promoter of the Company
- Prasaktha Vakkiyl Nambiar
Whole-Time Director
- Martin Poovakkulam Chacko₹0.10 Cr p.a.
Whole-Time Director
- R Thiyagarajan
Chairman and Independent Director
Member of the Institute of Chartered Accountants of India; bachelor's degree in commerce from University of Madras
Over 27 years of experience in the field of finance and accounting
- Suresh Balachandran Menon
Independent Director
Diploma in business administration and master's degree of business administration from A. M. Jain College Institute of Management; master's degree of commerce from University of Madras
36 years in the field of finance and securities market
- Thiruvengadam Ashok
Independent Director
Bachelor's degree of engineering in electronics and communication from Anna University, Madras; master's degree of science in computer science from Illinois Institute of Technology, Chicago; post-graduate diploma in environmental law from National Law School of India University, Bengaluru
15 years of experience in the field of software and IT services
- R Ravichandran
Non-Executive Director
Bachelor's degree of mechanical engineering from GKM College of Engineering & Technology, Chennai
12 years of experience in the field of business development
- Dr. Amit Oberoi
Non-Executive Director
Bachelor's degree in science and bachelor of technology in telecommunication engineering and information technology from Jawaharlal Nehru University, New Delhi; master of technology in communications engineering and doctor of philosophy from the Indian Institute of Technology, Delhi; Master of Management Studies from Osmania University
27 years in the Indian Army, retired as a colonel
- Dr. Chandan Dash
Non-Executive Director
Bachelor's degree in MBBS from M.R. Medical College, Gulbarga
Over 15 years of experience in the healthcare industry
Key Managerial Personnel (2)
- Manesh M George₹0.32 Cr p.a.
Chief Financial Officer
Bachelor's degree in commerce from University of Calicut
Over 15 years of experience in the field of finance
- Nidhi Hitesh Vaswani₹0.11 Cr p.a.
Company Secretary and Compliance Officer
Fellow member of the Institute of Company Secretaries of India
Over 13 years in the compliance and secretarial field
Source: SRIT India offer document (DRHP/RHP).
Industry & Market
Per Dun & Bradstreet, a report commissioned by the company (not independent).
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Criminal | Directors | 1 | 6.23 |
| Tax | Directors | 3 | 0.683 |
| Criminal | — | 1 | 0.1 |
Legal notice to Dr. Chandan Dash regarding dishonoured cheque on mortgage loan guarantee Direct tax proceedings involving three cases against directors Motor accident compensation claim against CFO Manesh M George regarding vehicle collision
Documents
Frequently Asked Questions
When is the SRIT India IPO opening?
The SRIT India IPO opens on 28 Sep 2026 and closes on 30 Sep 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the SRIT India IPO?
The price band for the SRIT India IPO is ₹123 to ₹130. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the SRIT India IPO?
The minimum lot size is 115 shares with a minimum investment of ₹14,950. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of SRIT India IPO today?
The latest Grey Market Premium for SRIT India is ₹61 (+46.92%). GMP is unofficial data and is not a guarantee of listing price.
When will the SRIT India IPO list on NSE and BSE?
The SRIT India IPO is expected to list on 06 Oct 2026 on Equity. Actual listing day trading begins at the start of the normal market session.
How can I check the SRIT India IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the SRIT India IPO a mainboard or SME issue?
SRIT India is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the SRIT India IPO?
You can apply for the SRIT India IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of SRIT India IPO?
The GMP-implied price (unofficial, not a forecast) is ₹191: the upper price band of ₹130 plus the latest grey market premium of ₹61, as of 06 Oct 2026, 06:00 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
What is the allotment ratio for SRIT India IPO?
Based on the retail subscription of 44.25x, the estimated allotment ratio is 1 lot per 45 applicants (approximately 2.3% chance of allotment). This is an estimate and actual allotment may vary.
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