Skip to main content
  1. Home
    /
  2. IPO
SRIT India IPO

SRIT India IPO

IT - Software
open
₹14,145Min. investment
  1. Pre-apply
    26 Sep
  2. Bid start
    28 Sep
  3. Bid end
    30 Sep
  4. Allotment
    1 Oct
  5. Release of funds
    5 Oct
  6. Demat transfer
    5 Oct
  7. Listing
    6 Oct

SRIT India Limited IPO Details

SectorIT - Software
Price range₹123 – ₹130
IPO type
Regular
Lot size115 shares
Issue size₹218Cr
Red Herring Prospectus
Read
Market Cap
₹835.5CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹450CrLower than sector avg
Growth rate3Y CAGR
28.84%Higher than sector avg

SRIT India Limited IPO Overview

SRIT India IPO date

SRIT India Ltd IPO will open for subscription on September 28, 2026, and the closing date for the IPO is September 30, 2026. After this, investors are expected to be updated about the allotment status on Oct 01, 2026.

Investors who have been allotted shares can expect them to be credited to their demat account on Oct 05, 2026. The shares will be listed on the NSE and the BSE on Tuesday, Oct 06, 2026.

SRIT India IPO price band

The IPO includes Fresh issues only. The IPO price band has been set between ₹123 and ₹130 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹218.40 crore only. SRIT India Ltd IPO listing price will be determined on Oct 06, 2026. The listing price is the price at which a company’s shares debut on the stock exchanges.

SRIT India IPO lot size

SRIT India Limited IPO details have been declared. The minimum lot size for an application is 115 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹218.40 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Compare

Companies in this sector
Tata Consultancy Services LtdTata Consultancy Services Ltd
Infosys LtdInfosys Ltd
HCL Technologies LtdHCL Technologies Ltd
Revenue
Higher revenue means strong sales and good market demand
This IPO
₹450Cr
This sector
₹2,461.47Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
28.84%
This sector
0.05%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹43.2Cr
This sector
₹373.09Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹835.5Cr
This sector
₹14,720.51Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
13.73
This sector
148.01
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.23
This sector
0.31
Compare with companies

Objectives

Working capital requirements
56.70%
General corporate purposes
37.30%
Funding capital expenditure
5.80%

Strength and Weakness

Established full-stack execution capability

The 26-year operating record covers software development, integration, migration, infrastructure deployment and continuing O&M, supported by CMMI Level 5 and multiple ISO certifications.

Visibility of order books

The aggregate of ₹1,204.72 crore in order books up to June 30, 2026 is related to the sectors of e-governance, telecom/broadband, and healthcare, having 102 orders in them.

Involvement of repeat customers

The repeat customers’ percentage has increased from 61.33% for FY24 to 73.85% for FY26, with 48 repeat customers in an average of 65 customers for FY26.

Diversity of product/sector range

The company’s products for the healthcare, e-governance, and telecom sectors are configurable with software, and hence the company can cater to various projects.

Potential of AI, SaaS, and adjacent markets

The company may consider SaaS-based shift, AI products, SRIT Cloud, healthcare partnerships, transformer management, and smart metering that might help to diversify its product range but not necessarily achieve commercial success.

About SRIT India Limited

SRIT India Limited is a Bengaluru-headquartered IT and IT-enabled services company with a 26-year operating history. The company designs, implements and operates digital platforms for government bodies and enterprises in India and select overseas markets. Its model combines proprietary and configurable software, custom application development, system integration, third-party hardware and technologies, data migration, cloud or on-premises deployment, and continuing operations and maintenance support. Products can be deployed as complete suites or as selected modules depending on the client’s operational requirements.
Operations are organised into healthcare, electronic governance, and telecommunications and broadband. Electronic governance was the largest vertical in FY26, contributing 68.39% of revenue. It covers e-governance platforms, enterprise applications, cybersecurity, automated traffic enforcement and integrated public-service delivery. Telecommunications and broadband contributed 24.27%, and includes fibre networks, broadband connectivity, IP-MPLS networks, network-management systems and managed services. Healthcare contributed 7.34%, through hospital information systems, RHES, insurance and revenue-cycle platforms, RIS/PACS and connected-health integrations.
The company’s outstanding order book was ₹1,204.72 crore as of June 30, 2026, with 102 ongoing orders. The FY26 year-end order book was recorded at ₹1,182.82 crore, comprising electronic governance at 58.40%, telecommunications and broadband at 38.01%, and healthcare at 3.59%.
The major customer group is government entities, which accounted for 89.41% of FY26 revenue, followed by enterprises with 10.59%. The company served an average of 65 clients in FY26, including 48 repeat clients, translating into a reported repeat-client ratio of 73.85%. Key customers include RailTel Corporation of India, Telecommunications Consultants India, SEEPZ SEZ Authority, Madhya Pradesh Textbook Corporation and CK Birla Hospital.
SRIT generated 94.03% of FY26 revenue domestically and 5.97% internationally. Maharashtra, Kerala, Tamil Nadu, Madhya Pradesh and Karnataka were its principal disclosed domestic markets. Overseas operations span Qatar, UAE, Nigeria, Bahrain, Myanmar, Zambia and Oman; Qatar was the largest overseas contributor at 4.73% of FY26 revenue.
The Indian IT-BPM industry increased from USD 167 billion in FY18 to USD 283 billion in FY25 and is forecasted at USD 315 billion in FY26. The IT services contributed 48% to the industry’s revenue during FY25, with revenues amounting to USD 137.1 billion, whereas domestic IT spending stood at USD 58.2 billion during FY25, registering a growth of 7.0% YoY. Demand drivers such as government digitisation, Digital India, cloud computing, cybersecurity, AI, healthcare digitisation, and broadband are some of the key demand factors. Digital India extended till FY26 with an allocation of ₹14,903 crore, and broadband policy includes fibre connections for 270,000 villages by 2030.
SRIT participates directly in these trends through system integration, public-service platforms, fibre networks, healthcare software and managed services. Its e-governance products and project credentials position it to bid for public digital-infrastructure programmes, while RHES, insurance/RCM solutions and the proposed OP Live platform address hospital digitisation, interoperability and outpatient engagement. Telecom capabilities in fibre, broadband and network management are relevant to rural and institutional connectivity expansion. Planned product modernisation, SaaS migration, AI-enabled applications, smart metering and transformer monitoring may broaden its addressable market, but these initiatives remain subject to commercialisation and execution. High government, customer and e-governance concentration means sector growth may not translate automatically into proportionate earnings growth.
Now, SRIT India Ltd is launching its Initial Public Offering (IPO), which consists of a fresh issue of ₹218.40 crore only. Its shares will be listed on the NSE and BSE.

How to apply for SRIT India IPO?

If you are interested in this investment opportunity but unsure how to apply for an SRIT India IPO, follow these steps.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the SRIT India IPO on Upstox:
  • Log in to your Upstox account using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘SRIT India IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

Frequently asked questions

Investors can apply for the SRIT India IPO through their Demat account via the stock exchange or through their broker.
The issue size of the SRIT India IPO is 218 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Ipo opens on 28 Sep 2026, 10:00 AM