SRIT India IPO Shares List at 13.85% Premium at ₹148 on NSE

SRIT India shares made their stock market debut on October 6, 2026, listing at ₹148 per share on the NSE compared with the IPO issue price of ₹130 per share. This represented a listing premium of 13.85%. On the BSE, the shares listed at ₹139.80, representing a premium of 7.54%.

Following the listing, the stock traded at around ₹155.09, taking the gain over its issue price to approximately 19.30%.

The listing followed SRIT India's IPO, which was open from September 28 to September 30, 2026. The ₹218.40 crore IPO consisted entirely of a fresh issue of 1.68 crore shares. Its price band was ₹123 to ₹130 per share.

SRIT India is a Bengaluru-headquartered IT and IT-enabled services company providing digital solutions, custom application development and systems integration services to government and enterprise customers in India and select overseas markets.

SRIT India IPO Listing Details

SRIT India IPO was a ₹218.40 crore book-built issue comprising entirely a fresh issue of 1.68 crore equity shares. There was no OFS component.

The price band was fixed at ₹123 to ₹130 per share. The IPO opened on September 28 and closed on September 30, 2026.

The issue was subscribed 125.16 times overall. NII investors subscribed their portion 312.99 times, while QIB and Individual Investor portions were subscribed 91.84 times and 63.70 times, respectively.

- Issue Price: ₹130 per share
- NSE Listing Price: ₹148 per share
- BSE Listing Price: ₹139.80 per share
- NSE Listing Premium: 13.85%
- BSE Listing Premium: 7.54%
- Trading Price: ₹155.09 per share
- Change From Issue Price: 19.30%
- Overall Subscription: 125.16 times
- Fresh Issue: ₹218.40 crore
- Offer for Sale: Nil
- Price Band: ₹123 to ₹130 per share
- IPO Open Date: September 28, 2026
- IPO Close Date: September 30, 2026
- Listing Date: October 6, 2026
- Exchange: BSE and NSE

First-Day Trading Performance

Listing Price: SRIT India share price opened at ₹148 on NSE, 13.85% above the ₹130 issue price. On BSE, it listed at ₹139.80, representing a 7.54% premium.

Post-listing Price: The stock subsequently traded at around ₹155.09, approximately 19.30% above the IPO issue price and 4.79% above its NSE listing price.

Subscription Context: The IPO was subscribed 125.16 times overall, with the NII category subscribed 312.99 times, QIBs 91.84 times and Individual Investors 63.70 times.

Growth Drivers and Challenges

Growth Drivers

Digital Solutions Portfolio: SRIT India provides digital transformation, custom application development and systems integration services.

Government and Enterprise Customers: The company's customer base includes government entities and enterprises in India and select overseas markets.

Sector Presence: Its solutions cover healthcare, e-governance, telecommunications and broadband.

Financial Performance: Revenue increased to ₹462.54 crore in FY26 from ₹400.50 crore in FY25, while profit rose to ₹43.29 crore from ₹33.60 crore.

Challenges

Competitive Industry: SRIT India operates in a competitive IT and digital transformation market.

Project Execution: Timely execution of large technology projects remains important to operational performance.

Customer Concentration: Dependence on large government and enterprise contracts can expose the business to project and customer concentration risks.

Technology Changes: Rapid technological developments require continued investment in products and capabilities.

Utilisation of IPO Proceeds

The ₹218.40 crore IPO consisted entirely of a fresh issue, with no offer-for-sale component.

The proceeds are intended for:
- Working capital requirements
- Modernisation and redevelopment of existing products
- Potential acquisitions and strategic initiatives
- General corporate purposes

Business and IPO Overview

SRIT India was incorporated in 1999 and is headquartered in Bengaluru. It operates in the IT and IT-enabled services sector.

Its offerings include digital solutions, custom application development and systems integration for government and enterprise customers.

The company reported FY26 revenue of ₹462.54 crore and profit of ₹43.29 crore.

The ₹218.40 crore IPO was entirely a fresh issue and was priced at ₹123 to ₹130 per share. The issue was subscribed 125.16 times.

SRIT India listed at ₹148 on NSE and ₹139.80 on BSE against its ₹130 issue price. The stock subsequently traded at around ₹155.09.