SRIT India IPO
IT - Software • ₹218cr
High risk because:
- 5 material risk factors disclosed in DRHP
- Heavy dependence on government or PSU customers
- Working capital or debt pressure highlighted in DRHP
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹28-30
Lot Size
115 shares
Issue Size
₹218cr
Open
28 Sept 2026
Close
30 Sept 2026
Subscription
0.53×
GMP +₹34 → est. ₹64
IPO Schedule
| Issue Open Date | 28 Sept 2026 |
| Issue Close Date | 30 Sept 2026 |
| Allotment Date | 01 Oct 2026 |
| Listing Date | 06 Oct 2026 |
About SRIT India
SRIT India is an Information Technology and Information Technology-enabled Services solutions company offering digital solutions and system automation through custom application development and integration services. The company executes large-scale, mission-critical projects primarily for central and state government bodies, alongside enterprise clients across India and international markets. Its core operations are organized into three primary verticals: electronic governance, healthcare, and telecommunications and broadband. Revenue is predominantly generated by participating in competitive bidding processes to secure tender-driven contracts from government entities, which account for a substantial majority of its business. The company’s business model involves executing turnkey projects, often partnering with third-party technology companies to deliver bundled, integrated solutions and utilizing sub-contractors for specialized tasks. Furthermore, it provides customized solutions tailored to the specific needs and regulatory environments of each industry it serves.
Company Details
Founders / Promoters
Mr Nambiar Raghavan Madhusoodan
Founded
1999
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
0.53×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹30
GMP
+₹34
Est. Listing
₹64
Est. Gain
+113.3%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
SRIT India — IPOFins Verdict
QuantitativeDriven by overall subscription of 0.5x and elevated disclosed risk (8/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- Established relationships with key government and enterprise clients.
- Proven track record of executing large-scale, turnkey digital projects.
- Specialized IT solutions for e-governance, healthcare, and telecom.
- Integration of emerging technologies like AI, IoT, and cloud services.
- Strategic partnerships for delivering bundled technology solutions.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Total demand signal → score −1.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Want to apply for this IPO?
Open a free Demat account and apply in minutes
FAQ
What is the price band of SRIT India IPO?
The price band is ₹28-30 per share with a lot size of 115 shares. Minimum investment: ₹3,450.
What does SRIT India do?
SRIT India is an Information Technology and Information Technology-enabled Services solutions company offering digital solutions and system automation through custom application development and integration services. The company executes large-scale, mission-critical projects primarily for central and state government bodies, alongside enterprise clients across India and international markets. Its core operations are organized into three primary verticals: electronic governance, healthcare, and telecommunications and broadband. Revenue is predominantly generated by participating in competitive bidding processes to secure tender-driven contracts from government entities, which account for a substantial majority of its business. The company’s business model involves executing turnkey projects, often partnering with third-party technology companies to deliver bundled, integrated solutions and utilizing sub-contractors for specialized tasks. Furthermore, it provides customized solutions tailored to the specific needs and regulatory environments of each industry it serves.
Should I apply for SRIT India IPO?
SRIT India is drawing muted interest at 0.5x overall subscription. IPOFins Score 2/10: Driven by overall subscription of 0.5x and elevated disclosed risk (8/10). The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded SRIT India?
SRIT India was founded by Mr Nambiar Raghavan Madhusoodan in 1999.