SRIT India Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

SRIT India Ltd IPO

We are a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company offering digital solutions and automations of systems through custom application development and integration services. We have a track record of twenty-six years in designing, implementing and operating digital platforms for Government entities and Enterprises in India and select overseas markets. The Company has successfully implemented large-scale, mission-critical projects for both central and state government bodies across India.

SRIT India Ltd IPO Details

Total Shares Offered

₹ 1,68,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 58,80,000

Pre Issue Promoters Holding

₹ 4,03,06,747

Exchange

BSE

Issue size

₹ 218.4 Cr

IPO Open Date

Sep 28, 2026

Close Date

Sep 30, 2026

Lot Size

115

Min Investment

₹ 14,145

Issue Type

Book Building

Listing Date

Oct 6, 2026

SRIT India Ltd IPO Dates

Sep 28, 2026

Opening date

Sep 30, 2026

Closing date

Oct 1, 2026

Basis of Allotment

Oct 5, 2026

Initiation of Refunds

Oct 5, 2026

Credit of Shares

Oct 6, 2026

Listing date

Details

Sector	Type
Sector	Computers - Software - Medium
Sub Sector	Small
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	8400000
NII	0x	2520000
Retail	0x	5880000
Employee	0x	0
Total	0x	16800000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

8400000

2520000

5880000

16800000

SRIT India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	389.35	271.09	151.85
EBITDA	42.40	28.72	79.49
PAT	29.86	20.61	72.54
Total Assets	395.75	386.24	330.10
Share Capital	20.23	26.95	26.95
Total Borrowings	43.47	32.46	19.36
Operating Activities (Net Cash)	31.18	20.93	72.79
Investing Activities (Net Cash)	-28.30	-20.82	-9.82
Financing Activities (Net Cash)	43.47	32.46	19.36
Net Cashflow	15.19	23.34	1.78

About SRIT India Ltd

Our Company was originally incorporated as `Sobha Renaissance Information Technology Private Limited' as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation dated September 09, 1999, issued by the RoC. Subsequently, pursuant to a resolution passed by our Shareholders at the EGM held on April 28, 2014, the name of our Company was changed to `SRIT India Private Limited' inter alia to reflect our diversification plans, pursuant to which a fresh certificate of incorporation was issued by the RoC on June 17, 2014. Subsequently, our Company was converted from a private limited company to a public limited company, pursuant to a special resolution passed by our Shareholders at the EGM held on April 28, 2025 and the name of our Company was changed to `SRIT India Limited', and a fresh certificate of incorporation was issued to our Company by the Registrar of Companies, Central Processing Centre on May 16, 2025.

IT services include software development, system integration, infrastructure management, and consulting, while BPM (also known as BPO) involves outsourcing non-core business functions such as customer support, finance and accounting, human resources, and data processing. The Indian IT-BPM (Information Technology- Business Process Management) industry revenue is projected to grow from USD 282.6 billion in FY 2025 and USD 378 billion by FY 2030. Increased investment in advanced technologies such as artificial intelligence, cybersecurity, cloud infrastructure, and data analytics supported the industry growth in FY 2025. Government initiatives like Digital India and enhanced focus on skill development and digital infrastructure are also playing a critical role in driving the sector forward.

Peer Comparison:

Mastek Ltd
Railtel Corporation of India Ltd
Protean eGov Technologies Ltd
Allied Digital Services Ltd
Aurionpro Solutions Ltd

SRIT India Ltd Key Points

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.

Risk

Majority of the company's projects have been awarded through competitive bidding process, which is heavily dependent on tenders from Government entities, accounting for approximately 89.41%, 91.34%, and 81.84% of its revenue from operations for Fiscals 2026, 2025, and 2024, respectively. Failures to qualify for, complete or win new contracts could negatively impact the company's business, potentially affecting its financial condition, operational results, growth prospects, and cash flow stability.

A significant portion of the company's revenue from operations is attributable to its top ten customers accounting for approximately 89.36%, 92.68%, and 84.54% of the company's total revenue from operations, for the Fiscals 2026, 2025, and 2024, respectively, and its business and profitability is dependent on the company's ability to win projects from such customers. Loss of one or more of its customers or reduction in their demand for the company offerings could adversely affect its business, results of operations and financial conditions.

The majority of the company Order Book and revenue from operations are from the projects undertaken for the electronic governance sector with such projects accounting for approximately 58.40%, 63.86%, and 65.33% of its total Order Book value, and approximately 68.39%, 61.29%, and 50.13% of the company's revenue from operations, for the Fiscal 2026, Fiscal 2025, and Fiscal 2024, respectively. Any reduction in the activity and expenditure levels in this sector may adversely affect its business and prospects, and may reduce the number of projects the company undertake and impede its growth. Further, any significant social, political, or economic changes in this sector could adversely affect the company's business, results of operations, financial condition, and cash flows.

Strategy

Enhance our service offerings and leveraging emerging technologies to address dynamic client needs.

Accelerate growth by strategically entering new and emerging markets.

Expanding into newer geographies domestically and internationally.

Enhancing our technology offerings and artificial intelligence capabilities through collaborations.

Leveraging collaborations with Government and other Enterprises.

How To Apply for SRIT India Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the SRIT India Ltd IPO?

SRIT India Ltd's IPO offers shares for up to 218.4 It begins on Sep 28, 2026 and ends on Sep 30, 2026.

What is the price of the SRIT India Ltd IPO?

The price of SRIT India Ltd IPO ranges between ₹123 to ₹130 per share.

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

The SRIT India Ltd IPO opens on Sep 28, 2026 and closes on Sep 30, 2026.

When will the SRIT India Ltd IPO be allotted?

The allotment for the SRIT India Ltd IPO will be finalised on Oct 1, 2026. The shares will be listed on BSE and NSE on Oct 6, 2026.

What is the minimum lot size required for SRIT India Ltd IPO?

The minimum lot size for SRIT India Ltd IPO is 115 shares, priced between ₹123 to ₹130 per share.

What is the GMP of SRIT India Ltd IPO?

The GMP (Grey Market Premium) of SRIT India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of SRIT India Ltd IPO?

To check the allotment status of SRIT India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the SRIT India Ltd IPO getting listed?

The SRIT India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 28, 2026, and closes on Sep 30, 2026. The allotment is finalised on Oct 1, 2026.

How do you apply for the SRIT India Ltd IPO?

To apply for the SRIT India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.