SRIT India IPO Day 1: Issue booked 60% so far, retail portion fully subscribed; check key dates, other details

The initial public offering (IPO) of SRIT India on its first day of subscription witnessed a steady demand with a total booking of 60% so far on Monday, September 28.

Until 1:55 PM, the initial share sale of the firm had received bids for 70,13,390 shares as compared to 1.18 crore shares on offer, as per exchange data.

The non-institutional investor (NII) category was subscribed 0.42 times, while the retail individual investor (RII) segment saw 1.01 times subscriptions. However, the Qualified Institutional Buyers (QIB) portion did not see any interest at the time of publishing the copy.

The ₹218.40 crore IPO includes fresh issues only. The book building issue has a set price band between ₹123 and ₹130 per share. The minimum lot size for an application is 115 shares, and the investor would have to apply for a minimum of 1 lot.

Shares of the company will be listed on both the National Stock Exchange and the Bombay Stock Exchange.

SRIT India IPO Objective

The money raised from the IPO will be used towards the following objectives:

SRIT India IPO: Listing date and time

Here’s what investors need to know about SRIT India

SRIT India 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.

The company’s 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.

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.