- POSITIVE
Annual Revenue Srit Mar-2025 Annual Revenue is Rs 363 Cr which is growth of 45.4% YoY.
- POSITIVE
Annual Net Profit Srit Mar-2025 Annual Net Profit is Rs 30 Cr which is growth of 44.9% YoY.
SRIT India was incorporated on April 1, 2003. The company is an IT/ITeS solutions provider offering digital automation through custom application development and system integration services, with experience in executing large mission-critical government projects across India. Its operations span healthcare, e-governance, and telecommunications, and it holds CMMI Level 5 and multiple ISO certifications, reflecting high standards of quality and security
| Bidding Dates |
|---|
| 28 Sep 2026 - 30 Sep 2026 |
| Subscription |
|---|
| 125.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,145 | 1 | 13 | 115 | 16.8 M | ₹123 - ₹130 | 63.93 % | ₹2,066.4 M - ₹2,184.0 M | RHP DOC |
SRIT IPO SUBSCRIPTION STATUS
30 Sep '26Total125.16x
Retail Individual Investor63.7x
HNI (NII) Investors312.99x
Qualified Institutional Buyers91.84x
SRIT IPO overall subscription rate was 125.16 times the total available shares
SRIT IPO retail subscription rate was 63.7 times in the retail segment
SRIT IPO non-institutional investor subscription rate was 312.99 times in the non-institutional investor category
SRIT IPO Qualified Institutional Bidder subscription rate was 91.84 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Sep 2026 (Day 3) | 63.7x | 312.99x | 91.84x |
29 Sep 2026 (Day 2) | 6.04x | 5.25x | 0.03x |
28 Sep 2026 (Day 1) | 1.61x | 0.9x | 0x |
SRIT FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 450.0 | 43.3 | -12.1 | -19.4 | 14.4% |
| FY25 | 389.3 | 33.6 | 18.0 | 6.8 | 12.8% |
| FY24 | 271.1 | 29.1 | 34.2 | 33.2 | 15.1% |
SRIT IPO SUBSCRIPTION STATUS DETAILS
SRIT had 16.8 M shares on offer
SRIT IPO offer price was in the range ₹123 - ₹130
SRIT IPO minimum Investment was ₹14145
SRIT IPO issue size was ₹ 2,066.4 M - ₹ 2,184.0 M
SRIT had a minimum lot size of 115 Shares per application
SRIT NUMBER OF SHARES ON OFFER
Total16.8 M
Fresh Issue16.8 M
Offer for Sale0
Post Issue Promoter Holding %63.93 %
SRIT IPO IMPORTANT DATES
| Issue Open Date | 28 Sep 2026 |
| Issue close Date | 30 Sep 2026 |
| Allotment Date | 01 Oct 2026 |
| Refund Date | 05 Oct 2026 |
| Demat Account Credit Date | 05 Oct 2026 |
| Listing Date | 06 Oct 2026 |
| Listing on Exchange(s) | NSE and BSE |
| SRIT Allotment Status | Exchange/ Registrar |
SRIT IPO subscription opened on 28 Sep 2026, and closed on 30 Sep 2026
IPO allotment for SRIT was finalized on Thursday, 01 Oct 2026
IPO listing for SRIT was on NSE and BSE on Tuesday, 06 Oct 2026
SRIT IPO LISTING GAINS
| Issue Price (adjusted) | 130.0 |
| Listing Open Price | 148.0 |
| Listing Close Price | 155.1 |
| Listing Gain% | 13.8% |
| Current Gain% | -3.0% |
SRIT Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SRIT India Ltd. | 126 | 810.1 | 18.7 | 0.7 | 1.8 | 22.4 | 7 | 462.5 | 15.5 | 43.3 | 28.7 | 6.7 | 28.7 |
| Tata Technologies Ltd. | 745.6 | 30273.2 | 54.3 | -2.9 | 5.1 | 13.9 | 6.1 | 5680.1 | 7.3 | 546.6 | -19.3 | 13.7 | -18.7 |
| RateGain Travel Technologies Ltd. | 864.2 | 10244.5 | 42.3 | 2.8 | 4.4 | 9.7 | 5.5 | 1884.9 | 63.5 | 194.4 | -7 | 20.4 | 15.1 |
| Shiprocket Ltd. | 134.5 | 9788.1 | -5.2 | -3.2 | 2077.4 | 24 | -79.2 | -6.4 | |||||
| Intellect Design Arena Ltd. | 643 | 9031.1 | 25.6 | 414 | 2.8 | 10.9 | 7.5 | 3160.8 | 22.7 | 345.4 | 3.8 | 25.1 | 0.1 |
| Capillary Technologies India Ltd. | 553.6 | 4405.6 | 104.7 | 5.4 | 5.1 | 4 | 748.3 | 22.3 | 52.4 | 294.5 | 5.3 |
Annual
Balance Sheet
Ratios
Cash Flow
SRIT annual results: revenue, profit, P&L, and margins as of Mar 2025 – 11 year history
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| Indicator | Graph | Mar '25 | Mar '24 |
|---|---|---|---|
| 363.5 | 250 | ||
Operating Exp. Ann. | 318.7 | 218.6 | |
Operating Profit Ann. | 38.9 | 26.3 | |
OPM Ann. % | 10.71% | 10.53% | |
| 323.7 | 221.9 | ||
EBITDA Ann. | 44.7 | 31.4 | |
EBITDA Ann. margin % | 12.31% | 12.54% | |
Interest Ann. | 3.6 | 3 | |
Depr. | 1.3 | 0.3 | |
PBT Ann. | 39.8 | 28.1 | |
Tax Ann. | 9.9 | 7.5 | |
| 29.9 | 20.6 | ||
Net Profit Ann. | 29.9 | 20.6 | |
NPM Ann. % | 8.34% | 8.41% | |
EPS Adj. latest Ann. | 4.7 | 3.2 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
45.4%
Net Profit Ann.
1Y CHG
45.1%
Operating Exp. Ann.
1Y CHG
45.8%
SRIT IPO Reports
SRIT INFORMATION ON IPO ISSUE
About SRIT
SRIT India was incorporated on April 1, 2003. The company is an IT/ITeS solutions provider offering digital automation through custom application development and system integration services, with experience in executing large mission-critical government projects across India. Its operations span healthcare, e-governance, and telecommunications, and it holds CMMI Level 5 and multiple ISO certifications, reflecting high standards of quality and security
Object of the Issue
- Funding of capital expenditure requirements towards modernization of existing products and redevelopment
- Funding working capital requirements of the company
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
SRIT - PROMOTERS
| Name |
|---|
| Nambiar Raghavan Madhusoodan |
| Prasaktha Vakkiyl Nambiar |
| Martin Poovakkulam Chacko |
SRIT - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Nambiar Raghavan Madhusoodan | Chairman & Managing Director |
| Prasaktha Vakkiyl Nambiar | Whole-Time Director |
| Martin Poovakkulam Chacko | Whole-Time Director |
| Karthick Varadarajan | Independent Director |
| Suresh Balachandran Menon | Independent Director |
| R Thiyagarajan | Independent Director |
| Thiruvengadam Ashok | Independent Director |
| R Ravichandran | Non-Executive Director |
SRIT Book Running Lead Manager
Choice Capital Advisors Private Limited
sil.ipo@choiceindia.com
SRIT Registrar to the Offer
KFin Technologies Limited
compliance.corp@kfintech.com
SRIT Strengths
End-to-end product solution
With over 26 years of experience, the company designs, implements, and operates digital platforms for governments and enterprises across healthcare, e-governance, and telecom sectors in India and select overseas markets. Its end-to-end service model is backed by CMMI Level 5 and multiple ISO certifications, ensuring high standards in quality, security, and IT service management
Strength
Diversified order book
The company offers a comprehensive product portfolio across healthcare, e-governance, and telecom sectors, with modular solutions designed for end-to-end process automation and scalable performance. Its flexible deployment model allows clients to implement the full suite or selected modules based on their specific operational needs
Strength
Geographically diversified
The company, headquartered in Bengaluru, has a diversified presence across multiple Indian states and select international markets, reducing regional concentration risks. It has executed projects in countries including Qatar, UAE, Nigeria, Zambia, Bahrain, Oman, and Myanmar, demonstrating its ability to deliver globally compliant solutions across geographies
Strength
SRIT Risks
Bidding competition
The company secures most of its IT/ITeS projects through competitive government tenders, and failure to win or execute new contracts may adversely affect its growth, profitability, and cash flows. The highly competitive bidding environment may also put pressure on margins and limit order inflow
Risk
Cyber security risks
The company relies heavily on digital infrastructure, making it vulnerable to cyberattacks, data breaches, and unauthorized system access that could disrupt operations and harm its financial performance and reputation. As digital transformation expands exposure to evolving cyber threats, maintaining strong security and resilience remains a critical challenge
Risk
Bank guarantee risks
The company is required to furnish bank guarantees, surety bonds, and EMDs for its government contracts, and any inability to arrange or renewal issues may adversely impact cash flows and operations. Invocation of such guarantees could also affect its financial condition and overall business stability
Risk
IPO FAQs
The promoters of the company are Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 123.0 - 130.0.
The IPO application opens on Sep 28, 2026 and closes on Sep 30, 2026.
The minimum lot size for the IPO is 115. The maximum lot size for the IPO is 1495.
For all category investors, the minimum application amount for this IPO is Rs. 14,145.0, the maximum value for this IPO is Rs 194,350.0.
This IPO will be allotted on Oct 01, 2026.
The refund will be credited to your account on Oct 05, 2026.
The allotted shares will be credited to your demat on Oct 05, 2026.
SRIT India Ltd.’s shares listed on the stock exchanges on Oct 06, 2026.