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Srit India Limited IPO

28 Sept 2026 – 30 Sept 2026

GMP
▲ ₹59 (+45.4%)
Price Band
₹123 – ₹130
Issue Size
≈₹218 Cr
Lot Size
115
Min Investment
₹14,950
1 lot · 115 shares
Listed At
₹148 (+13.8%)

Share Price

Fetching…

One trading day so far — a chart starts from the second.

Issue Details

Price Band
₹123 – ₹130
Lot Size
115 shares
Min Investment
₹14,950 (1 lot · 115 shares)
Face Value
₹5
Fresh Issue
1,68,00,000 shares (to the company)
Issue Size
Initial Public offer comprising of Fresh issue up to 1,68,00,000 Equity shares (Including Anchor Portion of 50,40,000 Equity Shares)

Timetable

Open
28 Sept 2026
Close
30 Sept 2026
Allotment
1 Oct 2026
Refunds
5 Oct 2026
Demat credit
5 Oct 2026
Listing
6 Oct 2026

GMP History

Latest GMP ₹59 · Last updated 7 Oct 2026, 11:51 am IST

₹14₹33₹53₹13.5 — 24 Sept 2026₹24 — 25 Sept 2026₹32 — 26 Sept 2026₹33 — 27 Sept 2026₹33 — 28 Sept 2026₹24 — 29 Sept 2026₹41 — 30 Sept 2026₹50 — 1 Oct 2026₹53 — 2 Oct 2026₹52 — 3 Oct 2026₹50 — 4 Oct 2026₹52.5 — 5 Oct 2026₹52.524 Sept27 Sept1 Oct5 Oct
DateGMPGMP %ChangeEst. ListingUpdated (IST)
5 Oct₹52.5+40.4%+₹2.5₹182.5
4 Oct₹50+38.5%−₹2₹180
3 Oct₹52+40.0%−₹1₹182
2 Oct₹53+40.8%+₹3₹183
1 Oct₹50+38.5%+₹9₹180
30 Sept₹41+31.5%+₹17₹171
29 Sept₹24+18.5%−₹9₹154
28 Sept₹33+25.4%—₹163
27 Sept₹33+25.4%+₹1₹163
26 Sept₹32+24.6%+₹8₹162
25 Sept₹24+18.5%+₹10.5₹154
24 Sept₹13.5+10.4%—₹143.5

Subscription

QIB0.08x
NII / HNI34.62x
Retail15.36x
Total88.83x

Category-wise bidding

CategoryOfferedBid forTimes
QIB33,60,00028.6%20,45,10,36560.87x
NII / HNI25,20,00021.4%57,99,70,530230.15x
bNII · bids above ₹10L16,80,00014.3%44,51,24,865264.96x
sNII · bids ₹2L–₹10L8,40,0007.1%13,48,45,665160.53x
Retail58,80,00050.0%26,02,14,98544.25x

Bids received on NSE, as at 30-Sep-2026 19:00:47 IST. The two NII rows are parts of the NII total above them, not additions to it.

Day-wise subscription

₹1₹45₹89₹1 — 28 Sept 2026₹4.16 — 29 Sept 2026₹88.83394047619048 — 30 Sept 202688.83x28 Sept29 Sept30 Sept
DateQIBNII / HNIRetailTotal
30 Sept———88.83x
29 Sept0.03x5.25x6.04x4.16x
28 Sept0.00x0.90x1.61x1.00x

Financials

All values in ₹ crore

282.22
2024
400.50
2025
462.54
2026

About Srit India

Computers - Software & Consulting

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”).

Promoters
Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar, Martin Poovakkulam Chacko

As published in the company's own offer documents.

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

As stated by the company in its prospectus — not our assessment.

The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.

Lead Managers

  • Choice Capital Advisors Private Limited

Offer details

Application sizes

CategoryLotsSharesAmount
Retail (min)one lot, the smallest bid allowed1115₹14,950
Retail (max)most that stays under ₹2L131,495₹1,94,350
S-HNI (min)first bid over ₹2L141,610₹2,09,300
S-HNI (max)most that stays under ₹10L667,590₹9,86,700
B-HNI (min)first bid over ₹10L677,705₹10,01,650

Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.

Issue mechanics

Issue Type
100% Book Building
Minimum Order
115 Equity Shares
Categories
FI, IC, MF, FII, OTH, CO, IND, and NOH
UPI Eligible
IND (upto 5 Lakhs)
Max Bid (Retail)
Rs. 2,00,000
Max Bid (QIB)
1,17,59,900 Equity Shares in multiple of 115 Equity Shares
Max Bid (NII)
83,99,945 Equity Shares in multiple of 115 Equity Shares
Tick Size
Re. 1
Bidding Hours
10.00 a.m. to 5.00 p.m.
UPI Mandate Cut-off
30-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
Sponsor Bank
Kotak Mahindra Bank Limited and ICICI Bank Limited

Registrar

Name
KFin Technologies Limited
Address
Selenium Tower-B, Plot No. 31 and 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad - 500032, Telangana
Contact
M Murali Krishna ,Tel: 040-67162222/18003094001 ,srit.ipo@kfintech.com

Documents

Published by NSE as ZIP archives; opened here as the PDF inside.

Collected from NSE and public sources. Always confirm against the prospectus before applying.

In the news

  1. The Economic Times

    Applied for SRIT India IPO? Here’s how to check allotment status, GMP and likely listing price

    The IPO was offered in a price band of Rs 123-130 per share, with a lot size of 115 shares. The issue received bids for 1,47,18,85,805 shares against 1,17,60,000 shares on offer.

  2. The Economic Times

    SRIT India, Shah Investor’s Home IPO Day 3: Check subscription, latest GMP and other key details

    SRIT India and Shah Investor’s Home recently completed their IPO bidding, attracting substantial investor interest and subscriptions. SRIT India’s IPO was notably oversubscribed…

Headlines from The Economic Times, matched to this company by name. Reproduced as published — not our reporting, and not investment advice. More IPO news

Frequently Asked Questions

What is the GMP of Srit India Limited IPO today?

The latest grey market premium for Srit India Limited IPO is ₹59. GMP is unofficial and indicative only — it is not a guarantee of listing price.

What is the price band of Srit India Limited IPO?

The price band is ₹123 – ₹130, with a lot size of 115 shares. The minimum investment is ₹14,950.

When does Srit India Limited IPO open and close?

The issue opens on 28 Sept 2026 and closes on 30 Sept 2026. Listing is expected on 6 Oct 2026.

Who is the registrar for Srit India Limited IPO?

KFin Technologies Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.