Overview
Updated 12 days agoSRIT India Limited is an IT/ITeS solutions company providing digital solutions and system integration services across healthcare, electronic governance, and telecommunications sectors. The company is launching an IPO of 16,800,000 equity shares through a book-building process.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 115 | ₹14,950 |
| Retail (max) | 13 | 1,495 | ₹1,94,350 |
| sNII (min) | 14 | 1,610 | ₹2,09,300 |
| bNII (min) | 67 | 7,705 | ₹10,01,650 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE, NSE |
| Segment | Mainboard |
| Sector | IT - Software |
| Price band | ₹123–130 |
| Final issue price | ₹130.00 |
| Face value | ₹5 per share |
| Lot size | 115 shares |
| Minimum investment | ₹14,950 |
| Issue size | ₹218 Cr |
| P/E at upper band | 13.7x |
| Registrar | KFin Technologies Limited |
| Lead managers | Choice Capital Advisors Private Limited |
| NSE symbol | SRIT |
| ISIN | INE307K01028 |
Shareholder quota and promoter holding
Company & business
SRIT India Limited is a Bengaluru-headquartered IT/ITeS company that provides digital solutions and system integration services. The company operates across three main verticals: healthcare, electronic governance, and telecommunications and broadband. It has a track record of implementing large-scale, mission-critical projects for government bodies and enterprises in India and select international markets. The company's service offerings include custom application development, managed services, and IT infrastructure support. SRIT India has been in operation for over 26 years and is certified for various quality standards, including CMMI Level 5 and ISO certifications.
Objects of the issue — how the money will be used
- Funding of capital expenditure requirements towards modernization of existing products and redevelopment (₹12.86 Cr)
- Funding working capital requirements of our Company (₹124 Cr)
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Key strengths
- Established track record of 26 years in providing end-to-end IT solutions.
- Strong presence in mission-critical government projects across healthcare, e-governance, and telecom.
- Geographically diversified operations across India and select international markets.
- Experienced management team with deep domain knowledge.
- Robust order book providing revenue visibility.
- Certified processes (CMMI Level 5, ISO standards) ensuring quality and security.
Key risks
- High dependence on government tenders, which account for a significant portion of revenue.
- Concentration risk with a significant portion of revenue derived from top customers.
- Execution risks inherent in large-scale, complex projects.
- Dependence on third-party contractors and sub-contractors for project execution.
- Exposure to foreign currency fluctuation risks due to international operations.
- Potential for legal challenges and litigations related to tenders and contracts.
- High attrition rates of employees impacting operational efficiency.
- Dependence on third-party OEMs for critical hardware and infrastructure.
Promoters
Dr. Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar, Martin Poovakkulam Chacko
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 271.09 | -- | 29.08 | 428.96 | 80.47 | 222.78 |
| FY25 | 389.35 | -- | 33.60 | 496.64 | 93.17 | 512.96 |
| FY26 | 450.00 | -- | 43.29 | 614.16 | 193.27 | 361.46 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| SRIT India this issue | 450.0 | 9.47 | 13.7x | 30.23 | 40.71 |
| Mastek Limited | 3,698.8 | 130.45 | 12.6 | 14.81 | 965.11 |
| Railtel Corporation of India Limited | 4,277.5 | 10.79 | 24.0 | 16.25 | 70.47 |
| Protean eGov Technologies Ltd | 997.8 | 24.70 | 19.8 | 9.69 | 265.23 |
| Allied Digital Services Limited | 967.9 | 6.30 | 15.5 | 5.85 | 21.71 |
| Aurionpro Solutions Limited | 1,411.1 | 38.90 | 18.6 | 13.06 | 322.90 |
This issue is priced at 13.7x P/E against a peer median of 18.6x: a discount of 26%. A measurement, not a verdict.
Other IT - Software IPOs
Same sector, listed just before and after this one, with their listing-day change.
EverestIMS TechnologiesEIMS · BSE · SME · IT - Software+40.8%8 Oct
ESDS Software SolutionESDS · BSE, NSE · Mainboard · IT - Software+111.7%4 Sep
ENS EnterprisesENS · BSE · SME · IT - Software+9.6%21 Aug Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.