About SRIT India IPO
SRIT India IPO Details
SRIT India IPO is a 100% book-built issue of 1.68 crore equity shares, entirely a fresh issue of shares, with a face value of ₹5 per share. The company filed its DRHP with SEBI on January 29, 2026.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book running lead manager (BRLM) of this issue is Choice Capital Advisors Private Ltd., while the registrar to the issue is KFin Technologies Ltd.
SRIT India IPO Date & Timeline
SRIT India Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on January 29, 2026. However, the specific SRIT India IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
SRIT India IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
SRIT India IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 5 per share |
| Issue Price Band | - |
| Lot Size | - |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,68,00,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | - |
| Offer for Sale | - |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,74,71,757 shares |
| Share Holding Post Issue | 6,42,71,757 shares |
SRIT India IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The SRIT India IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
SRIT India Ltd. has a long-standing history in the technology sector, having been originally incorporated on September 9, 1999, as Sobha Renaissance Information Technology Private Limited. Over the years, the organization evolved to reflect its expanding strategic vision, leading to a name change to SRIT India Private Limited in June 2014. To pave the way for its public market debut, the business was converted into a public limited company in May 2025, officially becoming SRIT India Limited. Headquartered at Kundalahalli in Bengaluru, Karnataka, the company has transformed from a private IT enterprise into a comprehensive provider of software and digital transformation services.
Operations & Product Range
The core operational emphasis for SRIT India Ltd. lies in providing state-of-the-art IT modernization services and cutting-edge technology-based solutions. The products of this organization are based on customized software developed by the organization itself. Apart from stand-alone software solutions, the firm offers turnkey projects where it integrates third-party products along with its own software. Some of the key target verticals for SRIT include smart metering, artificial intelligence, data analytics, e-learning, and health technology.
Facilities & Capacity
SRIT India Ltd.'s main offices for business and development are at SRIT House on ITPL Main Road in Bengaluru, Karnataka, where all of the software development, project management and administrative work happens. The business's installed capacity is based on its people, its technical infrastructure and how easily its in-house software platforms can grow. With this listing, the company plan to focus on improving technology and updating digital products so they can handle bigger, more complicated deployments.
Brands & Market Presence
SRIT India Ltd. has established a strong market presence by positioning itself as a reliable partner for digital transformation and enterprise-level IT modernisation. Its brand is recognized for handling complex, large-scale technology deployments in critical sectors such as healthcare, education and public infrastructure. The company's strategic focus on smart metering and AI-driven analytics strengthens its footprint in sectors undergoing rapid technological upgrades, allowing it to compete effectively for major institutional and corporate contracts.
Revenue Streams & Business Model
The major source of income for SRIT India Ltd. is in the licensing and deployment of their own software products, along with the earnings from end-to-end turnkey projects. The turnkey projects comprise revenue from services offered, together with the profit derived from purchasing third-party hardware and software. With a focus on domains such as education technology and healthcare solutions, the business model involves the sale of specific software solutions as well as infrastructural development projects.
Management & Shareholding
The strategic direction and ownership of SRIT India Ltd. are guided by its founding promoter group, including Dr. Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko. Before the IPO, the promoters and promoter group together held 86.55% stakeholding, but after the IPO, the promoter shareholding percentage will be diluted and the existing shareholders will still enjoy their ownership holding, as there is no OFS in this listing.
Board & Key Management
The leadership of SRIT India Ltd. is led by a team of experts with many years of experience. Dr Nambiar Raghavan Madhusoodan serves as the Chairman & Managing Director and gives strategic direction to the firm and the daily operations, along with Whole-Time Directors Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko. To ensure good governance, the board includes Independent Directors Karthick Varadarajan, R Thiyagarajan, Thiruvengadam Ashok and Suresh Balachandran Menon for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
SRIT India IPO Financial Information
Latest Revenue
237.52
₹ Crore
Profit After Tax
19.92
₹ Crore
Net Worth
156.18
₹ Crore
Total Borrowing
46.03
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 548.05 | 237.52 | 19.92 | 156.18 | 133.17 | 46.03 | |||
| 31 Mar 2025 | 496.64 | 400.50 | 33.60 | 93.17 | 72.93 | 61.84 | |||
| 31 Mar 2024 | 428.96 | 282.22 | 29.08 | 80.47 | 53.5 | 24.83 | |||
| 31 Mar 2023 | 333.41 | 162.93 | 15.04 | 51.30 | 24.35 | 17.60 | |||
| Amount in ₹ Crore | |||||||||
SRIT India Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16.04% |
| ROCE | 16.42% |
| Debt/Equity | 0.29x |
| RoNW | 16.04% |
| PAT Margin | 8.57% |
| EBITDA Margin | 13.79% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.78 (basic/diluted) | - |
| P/E (x) | - | - |
SRIT India IPO Objectives
The company intended to use the SRIT India IPO proceeds for strategic purposes:
- • Funding the capital expenditure for the upgradation and redevelopment
- • Investment in the achievement of an unidentified acquisition and other strategic initiatives
- • General corporate purposes
SRIT India IPO Review
SRIT India Ltd. is an information technology-enabled services solutions company, based in Bengaluru, offering digital solutions and automations of systems through custom application development and integration services. With a track record of 26 years, the company is deeply embedded in India's ongoing digital transformation narrative. By focusing on modernization verticals such as health-tech, smart metering and e-education, the company positions itself in sectors experiencing sustained technological investment.
Financially, the company has shown growing financial statements, as for FY25, the company reported an EBITDA of ₹49.81 crore and revenue from operations was at ₹389.34 crore. Also, the top 10 customers of the company have consistently contributed over 90% of the revenue for the past 3 years, which is a point of risk as a single change can affect the company’s total income.
However, investors must also consider risks including reliance on large turnkey projects and the execution uncertainty associated with planned unidentified acquisitions. Overall, the IPO represents an opportunity for investors to invest in a company which operates a highly-demanded niche.
Conclusion
SRIT India IPO is an opportunity for investors to invest in a growing company that marks a significant transition for this two-decade-old technology firm as it seeks to leverage public markets to fund its next stage of development. With a business model anchored in IT modernization, proprietary software and complex turnkey deployments, the company is aligned with broader digitization trends across Indian enterprises. The company aims to use this listing to achieve inorganic growth through unidentified acquisitions and other strategic initiatives.
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
A strong range of in-house software products catering to specialized enterprise needs.
Operational footprint across high-growth sectors, including health-tech, e-education and smart metering.
Efficiently combines software solutions with third-party hardware procurement.
Promoter group and management team with a demonstrated track record in IT modernization.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 29/01/2026 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | — | ~₹14,000 - ₹15,000 |
| Individual investors (Retail) (Max) | 13-14 | — | Up to ₹200,000 |
| S-HNI (Min) | 14-15 | — | Over ₹200,000 |
| S-HNI (Max) | 66-70 | — | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ | — | Over ₹10,00,000 |