SRIT India Limited
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Following its successful public offering, SRIT India Limited's made its market debut on Oct 06, 2026 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 1,68,00,000 Shares in total capital, including 1,68,00,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹123 to ₹130 and minimum investment lots of 115 shares. Investor participation during the subscription window from Sep 28, 2026 to Sep 30, 2026 demonstrated market confidence in the company's prospects.
The allotment process concluded on Oct 01, 2026, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
SRIT India Ltd., headquartered in Bengaluru, is an India-based IT and ITeS company specialising in digital transformation and system automation through custom application development and systems integration. With over 26 years of experience, it has developed deep expertise in conceptualising, deploying, and managing digital platforms for government organisations and enterprise clients across India and select international markets. The company operates across three main verticals: Healthcare, Electronic Governance, and Telecommunications & Broadband. Its projects include AI-enabled public safety and transportation solutions, end-to-end computerisation of operations for a state-owned beverage distribution and retail corporation, and development and maintenance of platforms like Supply Management Information Systems, Health Management Information Systems, e-Prescription platforms, and online licensing solutions. As of September 30, 2025, SRIT India Ltd. had an outstanding order book of ₹12,806.21 million, with over 103 projects completed in the past decade totaling ₹12,347.16 million. The company serves a diverse clientele comprising government bodies (Central, State, and local departments) and private sector enterprises.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Established End-to-End Capabilities: The company has experience in designing, developing, deploying and managing technology solutions. Its services include customised application development, systems integration and ongoing platform support.
- Diversified Order Book: SRIT India has an order book spread across different services, customers and geographies. As of September 30, 2025, its outstanding order book was ₹1,280.62 crore, providing visibility for future business.
- Wide Geographic & Sector Presence: The company has executed more than 103 projects across healthcare, e-governance, telecommunications and broadband. It serves government organisations, public-sector entities and private businesses across multiple markets.
- Dependence on Competitive Bidding: Most of the company’s projects are secured through competitive bidding. Failure to qualify, win or successfully execute new contracts could negatively impact its business, financial performance, growth and cash flows.
- High Dependence on Government Tenders: Government entities contributed approximately 92.23%, 91.34%, 81.84% and 88.44% of revenue from operations for the six months ended September 30, 2025 and FY2025, FY2024 and FY2023, respectively. Delays or reductions in government tenders, policy changes, or contract termination, restructuring or renegotiation could materially affect operations and financial performance.
- High Customer Concentration: The top 10 customers contributed approximately 94.12%, 92.18%, 91.71% and 91.20% of revenue from operations for the six months ended September 30, 2025 and FY2025, FY2024 and FY2023, respectively. Losing major customers or receiving lower orders from them could negatively impact revenue, profitability and financial condition.
- Dr. Nambiar Raghavan Madhusoodan
- Prasaktha Vakkiyl Nambiar
- Martin Poovakkulam Chacko
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