SRIT India IPO Open: Dates, Price Band, Financials and Lot Size (2026)

29 Sep 2026 · 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

The mainboard IPO of SRIT India Limited is open for subscription from 28 Sep 2026 to 30 Sep 2026. Here are the core issue terms, bidding status, objects, and financial performance details.

Written by the BuyUnlistedShares desk · Published 29 Sep 2026 · Updated 29 Sep 2026

Information only, not investment advice.

Direct answer: The SRIT India IPO is open for subscription from 28 Sep 2026 to 30 Sep 2026. The mainboard issue features a price band of ₹123 to ₹130 per share with a lot size of 115 shares. BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 provides complete details on issue terms, live bidding figures, objects, and financial performance.

The grey-market premium (GMP) is unofficial and indicative; as of 28 Sep 2026, the indicative GMP stood at ₹34.0 (+26.15%), moving from a low of ₹25.0 to a high of ₹34.0 across reported ticks.

SRIT India IPO Overview and Important Dates

SRIT India Limited has opened its initial public offer on 28 Sep 2026, with the bidding window closing on 30 Sep 2026. The mainboard offer consists entirely of a fresh issue of 1,68,000 Equity Shares of face value ₹5 each, amounting to ₹218.40 Cr. The equity shares are proposed to be listed on both NSE and BSE.

Investors can track the full transaction schedule on the IPO calendar and check detailed company coverage on SRIT India on BuyUnlistedShares. The key dates for the issue are set as follows:

• IPO Open Date: 28 Sep 2026
• IPO Close Date: 30 Sep 2026
• Basis of Allotment Finalisation: 01 Oct 2026
• Initiation of Refunds & Credit of Shares to Demat: 05 Oct 2026
• Listing Date: 06 Oct 2026

Subscription Progress and Bidding Breakdown

As of 28 Sep 2026 at 11:37, the overall subscription reached 1.0x overall, led by retail investors at 1.61x and sNII at 1.65x, while QIB participation stood at 0.0x.

The net issue allocation across categories is structured in accordance with regulatory reservation limits:

Business Model, Operations, and Use of Proceeds

Headquartered in Bengaluru, SRIT India Limited is an IT and IT-enabled Services (IT/ITeS) provider operating for twenty-six years. The company specialises in digital transformation and automation through bespoke application development and system integration. Operations are structured across three primary verticals: Healthcare, Electronic Governance, and Telecommunications and Broadband.

As of 30 Sep 2025, the company maintained an outstanding order book of ₹12,806.21 million. Over the past decade, it has executed more than 103 projects with a total order value of ₹12,347.16 million across government bodies and private sector enterprises. For investors evaluating technology issuers on our Unlisted shares screener, BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 tracks both listed and pre-IPO technology enterprises across public and private markets.

Per the RHP, gross proceeds from the ₹218.40 Cr fresh issue will be utilized towards:

• Product Modernization & Redevelopment: ₹12.86 Cr for capital expenditure towards modernising existing software platforms.
• Working Capital Requirements: ₹124.00 Cr to fund operational working capital.
• Inorganic Growth & Corporate Purposes: Balance allocated towards unidentified acquisitions, strategic initiatives, and general corporate purposes.

For more contextual context on valuation and operational history, read our detailed analysis on SRIT India IPO: Price Band, Dates, Financials and Business Overview.

Financial Trend and Peer Comparison

Total income grew from ₹282.22 Cr in FY24 to ₹462.54 Cr in FY26, while net profit rose from ₹29.08 Cr to ₹43.29 Cr over the same period.

Per the audited consolidated financial statements as of 31 Mar 2026, SRIT India reported a Return on Net Worth (RoNW) of 30.23% and a Return on Capital Employed (ROCE) of 28.79%. Debt-to-equity stood at 0.23, with total borrowings recorded at ₹36.15 Cr against a net worth of ₹193.27 Cr.

To compare this offering against other recent market placements, see our report on Shah Investor's Home IPO: Dates, Price Band, Financials and Key Details.

Key Strengths and Risk Factors

Competitive Strengths:

• Established twenty-six year operational history with end-to-end product implementation capabilities certified under CMMI Level 5 frameworks.
• Diversified order book spanning healthcare, e-governance, and telecommunications across multiple Indian states and select overseas markets.
• Consistent growth in revenue and margins, maintaining a low debt-to-equity ratio of 0.23 as of 31 Mar 2026.

Risk Factors (from the offer document):

• Government Dependence: The majority of projects are awarded through competitive tenders from government entities, accounting for over 80% to 92% of historical revenue.
• Client Concentration: Revenue is heavily concentrated, with the top ten customers generating approximately 94.12% of revenue from operations in recent periods.
• Working Capital Intensity: Operations require substantial working capital; trade receivables and contract assets form a significant portion of net worth and current assets.
• Consortium Risks: Project delivery often depends on third-party OEM vendors and consortium partners. Any disruption in partner relationships could impact operational performance.

To evaluate potential primary market allocations or secondary unlisted shares, connect with BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002. Submit your profile and requirements via our enquiry page to speak directly with an unlisted desk representative.

Frequently Asked Questions

What are the open and close dates for the SRIT India IPO?

The IPO opens for public bidding on 28 Sep 2026 and closes on 30 Sep 2026. Allotment is expected to be finalized on 01 Oct 2026, with listing scheduled for 06 Oct 2026 on NSE and BSE.

What is the lot size and minimum investment required for retail investors?

The lot size is 115 shares. At the upper price band of ₹130 per share, the minimum investment required for a single retail lot is ₹14,950.

What is the total issue size and structure of the SRIT India IPO?

The total issue size is ₹218.40 Cr, comprising entirely a fresh issue of 1,68,000 Equity Shares. There is no Offer for Sale (OFS) component in this issue.

How will SRIT India utilize the proceeds raised from the IPO?

Per the offer document, ₹12.86 Cr is earmarked for product modernization capital expenditure, ₹124.00 Cr for funding operational working capital, and the remainder for inorganic growth and general corporate purposes.

Should investors apply for the SRIT India IPO?

We do not make that call or provide investment recommendations. Investors should review the issuer's Red Herring Prospectus, evaluate the financial metrics, risk factors, and valuation context, and consult a qualified financial advisor before making any bidding decisions.

Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.