SRIT India Limited is a Bengaluru-headquartered IT/ITeS solutions company with 26 years of experience in designing and implementing digital platforms for Government and Enterprise customers across India and select overseas markets. The Company provides digital solutions, custom application development, software integration and system integration services.
Business Verticals:
- Healthcare: Hospital information systems, digital health platforms and healthcare IT services.
- Electronic Governance: E-governance, cybersecurity, enterprise software and digital solutions.
- Telecommunications & Broadband: Networking, connectivity, fibre infrastructure and managed services.
SRIT offers in-house software and third-party technologies tailored to client needs, covering development, integration, deployment, migration and maintenance. The Company is also expanding its AI capabilities, including video analytics and conversational AI.
Over the last decade, SRIT has executed 103+ projects worth ₹12,347.16 million. As of June 30, 2026, its Order Book stood at ₹12,047.17 million, led by electronic governance, telecom and broadband, and healthcare.
The Company combines in-house technology, strategic partnerships and end-to-end project execution, serving Government and Enterprise customers. Its processes are appraised at CMMI Level 5 and SSE-CMM, supported by multiple ISO certifications.
As of June 30, 2026, the Company had 177 permanent employees, 7 contract-specific employees and 107 consultants.
SRIT India IPO – Details
| IPO Opening Date | 28 September 2026 |
| IPO Closing Date | 30 September 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,68,00,000 Shares Worth ₹218.40 Crore Fresh Issue: 1,68,00,000 Shares Worth ₹218.40 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹123 – ₹130 per share |
| Market Lot | 115 Shares |
| Min Order | 115 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
SRIT India IPO – Date Schedule
| IPO Open Date | 28 September 2026 |
| IPO Close Date | 30 September 2026 |
| Basis of Allotment | 01 October 2026 |
| Initiation of Refund | 05 October 2026 |
| Credit of Shares to Demat Account | 05 October 2026 |
| IPO Listing Date | 06 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2026 |
SRIT India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 115 | ₹14,950 |
| Retail (Max) | 13 | 1,495 | ₹1,94,350 |
| S-HNI (Min) | 14 | 1,610 | ₹2,09,300 |
| S-HNI (Max) | 66 | 7,590 | ₹9,86,700 |
| B-HNI (Min) | 67 | 7,705 | ₹10,01,650 |
Competitive Strength
- Strong financial performance.
- Growing capabilities in AI-enabled solutions.
- Diversified presence across three key verticals.
- Experienced Promoters and Senior Management team.
- End-to-end digital solutions and integration capabilities.
- 26 years of industry experience and established track record.
- Strong Government and Enterprise project execution track record.
Company Promoters
- Nambiar Raghavan Madhusoodan
- Prasaktha Vakkiyl Nambiar
- Martin Poovakkulam Chacko
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹282.22 Cr | ₹243.88 Cr | ₹29.08 Cr | ₹22.28 Cr |
| 31 March 2025 | ₹400.50 Cr | ₹354.31 Cr | ₹33.60 Cr | ₹51.30 Cr |
| 31 March 2026 | ₹462.54 Cr | ₹407.59 Cr | ₹43.29 Cr | ₹36.15 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 30.23% |
| ROCE | 28.79% |
| Debt/Equity | 0.23 |
| RoNW | 30.23% |
| PAT Margin | 9.62% |
| EBITDA Margin | 14.39% |
| NAV | 40.71 |
| Price to Book Value | 3.19 |
| Pre IPO | Post IPO | |
| EPS (₹) | 9.12 | 6.74 |
| P/E (x) | 14.25 | 19.29 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Funding of capital expenditure requirements towards modernization of existing products and redevelopment. | ₹12.86 |
| Funding working capital requirements of the Company. | ₹124.00 |
| Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. |
SRIT India IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 5 | Mastek Limited | 12.59 |
| 2 | 10 | Railtel Corporation of India Limited | 24.03 |
| 3 | 10 | Protean eGov Technologies Ltd | 19.80 |
| 4 | 5 | Allied Digital Services Limited | 15.52 |
| 5 | 10 | Aurionpro Solutions Limited | 18.62 |
✅Strengths
- Strong Track Record with 26 years of experience.
- Healthy Order Book of ₹12,047.17 million.
- End-to-End Capabilities across IT solutions and integration.
- Strong Certifications including CMMI Level 5 and ISO certifications.
- Diversified Verticals across healthcare, e-governance and telecom.
⚠️Risks
- Customer Concentration with top 10 customers contributing 89.36% of FY26 revenue.
- Government Dependence with 89.41% of FY26 revenue.
- Order Book Risk from project delays or cancellations.
- Competitive Bidding with a 13.95% FY26 bid-to-win ratio.
- Cybersecurity Risk from potential data breaches and software issues.
SRIT India IPO Promoter Holding
| Pre Issue Share Holding | 84.91% |
| Post Issue Share Holding | 62.71% |
SRIT India IPO Prospectus
Company Contact Information
| SRIT India Ltd. SRIT House, #113/1B ITPL Main Road, Kundalahalli Bengaluru, Karnataka, 560037 Phone: +91-80419 51999 Email: cs.nidhi@sritindia.com Website: https://www.sritindia.com/ |
SRIT India IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: compliance.corp@kfintech.com Website: https://ipostatus.kfintech.com/ |
SRIT India IPO Lead Manager(s)
| 1. Choice Capital Advisors Pvt. Ltd. |
SRIT India IPO FAQs
| What is the SRIT India IPO? SRIT India IPO is a main-board IPO. The issue is priced at ₹123 to ₹130 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the SRIT India IPO open? The IPO is to open on 28 September 2026 for QIB, NII, and Retail Investors. |
| What is SRIT India IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the SRIT India IPO Size? SRIT India IPO size is ₹218.40 Crore. |
| What are the SRIT India IPO Minimum and maximum lot sizes for Retail? The minimum bid is 115 Shares with ₹14,950, while the maximum bid is 1495 Shares with ₹1,94,350. |
| What is the SRIT India IPO Allotment Date? SRIT India IPO allotment date is 01 October 2026. |
| What is the SRIT India IPO Listing Date? SRIT India IPO listing date is 06 October 2026. The IPO is to be listed on the BSE and the NSE. |
