SRIT India IPO GMP today is Rs 18. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
SRIT
SRIT India IPO GMP, Subscription & Allotment Status Today
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.
- Price Band
- ₹123.00 - ₹130.00
- Lot Size
- 115 Shares
- Bidding Closes
- 30 Sept 2026
- Listing Date
- 06 Oct 2026
Current GMP Status
₹18
+13.85% vs upper band
Est. Listing Gain
+13.85%
Last Trend
06 Oct 2026
Listing Price
₹148.00
Retail Entry
₹14,950
IPO Details
Complete IPO information
| Current GMP | ₹18 |
|---|---|
| Estimated Listing Gain | +13.85% |
| Price Band | ₹123.00 - ₹130.00 |
| Issue Price | Approx ₹218.40 Crores |
| Listing Price | ₹148.00 |
| Lot Size | 115 Shares |
| Issue Type | Mainboard |
| Registrar | Kfin Technologies Ltd. |
| Exchange | BSE, NSE |
| Retail Quota | TBA |
| Overall Subscription | 125.12x |
| Listing Date | 06 Oct 2026 |
| Minimum Investment | ₹14,950 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 33.60 | 3085.71 | 91.84x |
| NII | 25.20 | 7886.95 | 312.97x |
| Retail | 58.80 | 3741.91 | 63.64x |
| Overall Subscription | 117.60 | 14714.57 | 125.12x |
Day-wise demand
SRIT India IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 2 (29 Sept) | 0x | 0.9x | 1.61x | 1x |
| Day 3 (30 Sept) | 0.03x | 5.25x | 6.04x | 4.16x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Company data
{SRIT India}: financials, valuation & listing
Listing details
| Listing date | 06 Oct 2026 |
|---|---|
| NSE symbol | SRIT |
| BSE code | 544965 |
| ISIN | INE307K01028 |
| Offer price | ₹123 – ₹130 |
| Face value | ₹5 |
| Listing price | ₹148 |
Valuation
| Return on equity (ROE) | 30.23% |
|---|---|
| Return on capital employed (ROCE) | 28.79% |
| EBITDA margin | 14.39% |
| PAT margin | 9.62% |
| Debt to equity | 0.23 |
| EPS | 9.47 (Basic) |
| P/E ratio | N/A |
| Return on net worth | 30.23% |
| NAV per share | 40.71 |
Financial history
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 282.22 Cr. | 243.88 Cr. | 29.08 Cr. | 428.96 Cr. |
| 2025 | 400.50 Cr. | 354.31 Cr. | 33.60 Cr. | 496.64 Cr. |
| 2026 | 462.54 Cr. | 407.59 Cr. | 43.29 Cr. | 614.16 Cr. |
Peer comparison
| Company | Income | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|---|
| Mastek Limited | 36,987.50 Cr. | 130.45 | 12.59 | 14.81% | 965.11 |
| Railtel Corporation of India Limited | 42,774.80 Cr. | 10.79 | 24.03 | 16.25% | 70.47 |
| Protean eGov Technologies Ltd | 9,977.50 Cr. | 24.70 | 19.80 | 9.69% | 265.23 |
| Allied Digital Services Limited | 9,679.10 Cr. | 6.30 | 15.52 | 5.85% | 21.71 |
| Aurionpro Solutions Limited | 1,4110.85 Cr. | 38.90 | 18.62 | 13.06% | 322.90 |
Use of proceeds
| Purpose | Amount (₹ crore) |
|---|---|
| Funding capital expenditure for modernization and redevelopment | 12.869 (5.89%) |
| Funding the working capital requirements of the Company | 124 (56.78%) |
| General Corporate Purposes | 81.54 (37.33%) |
Key dates
| UPI mandate deadline | 30 Sept 2026 |
|---|---|
| Allotment finalised | 01 Oct 2026 |
| Refund initiation | 05 Oct 2026 |
| Shares credited | 05 Oct 2026 |
| Mandate end date | 15 Oct 2026 |
| Anchor lock-in ends (50%) | 30 Oct 2026 |
| Anchor lock-in ends (remaining) | 29 Dec 2026 |
Grey Market Premium (GMP) data is entirely unofficial and speculative, and is influenced by market sentiment, demand and supply for IPO shares, and market rumors. While GMP can provide an indication of the expected IPO listing price, it may not always be accurate and does not guarantee the actual listing price.
Head-to-head
Compare SRIT India IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, SRIT India is priced at ₹130 per share. With a minimum lot size of 115 shares, a retail investor applying for one lot would need approximately ₹14,950 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for SRIT India stands at ₹18, implying an estimated listing gain of around 13.85% over the issue price if it holds until listing. This is up ₹12 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, SRIT India's IPO was subscribed 125.12x overall, with a category-wise breakdown of Retail 63.64x, QIB 91.84x, NII 312.97x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
28 Sept 2026
✓
Bidding Closes
30 Sept 2026
✓
Allotment
01 Oct 2026
✓
Listing
06 Oct 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 06 Oct 2026 | ₹62.00 | +₹12.00 | 47.69% |
| 05 Oct 2026 | ₹50.00 | -₹3.00 | 38.46% |
| 03 Oct 2026 | ₹53.00 | +₹4.00 | 40.77% |
| 02 Oct 2026 | ₹49.00 | +₹1.00 | 37.69% |
| 01 Oct 2026 | ₹48.00 | +₹17.00 | 36.92% |
| 30 Sept 2026 | ₹31.00 | -₹2.00 | 23.85% |
| 29 Sept 2026 | ₹33.00 | +₹3.00 | 25.38% |
| 28 Sept 2026 | ₹30.00 | -₹2.00 | 23.07% |
| 26 Sept 2026 | ₹32.00 | +₹10.00 | 24.62% |
| 25 Sept 2026 | ₹22.00 | +₹9.00 | 16.92% |
| 24 Sept 2026 | ₹13.00 | - | 10.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 115 | ₹14,950 |
| Retail Maximum | 13 Lot | 1,495 | ₹1,94,350 |
| S-HNI Minimum | 14 Lot | 1,610 | ₹2,09,300 |
| S-HNI Maximum | 66 Lot | 7,590 | ₹9,86,700 |
| B-HNI Minimum | 67 Lot | 7,705 | ₹10,01,650 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
SRIT India IPO Details
SRIT India IPO is a book building issue with an issue size of Approx ₹218.40 Crores. The IPO comprises a fresh issue of Approx ₹218.40 Crores and is proposed to be listed on the BSE, NSE. The IPO price band is set at ₹123 – ₹130 per equity share.
| Particular | Details |
|---|---|
| IPO Open Date | 28 Sept 2026 |
| IPO Close Date | 30 Sept 2026 |
| IPO Price Band | ₹123 – ₹130 |
| Issue Size | Approx ₹218.40 Crores |
| Fresh Issue | Approx ₹218.40 Crores |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Note: The above SRIT India IPO details are based on the information provided for the issue.
Analysis
SRIT India IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 28 Sept 2026 |
| IPO Close Date | 30 Sept 2026 |
| Basis of Allotment | 01 Oct 2026 |
| Refunds | 05 Oct 2026 |
| Credit to Demat Account | 05 Oct 2026 |
| IPO Listing Date | 06 Oct 2026 |
Note: The timeline for SRIT India IPO is tentative and subject to change.
Analysis
SRIT India Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Funding capital expenditure for modernization and redevelopment | 12.869 (5.89%) |
| Funding the working capital requirements of the Company | 124 (56.78%) |
| General Corporate Purposes | 81.54 (37.33%) |
Note: Objectives are as specified in the DRHP/RHP documents of SRIT India.
Analysis
SRIT India Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 282.22 Cr. | 243.88 Cr. | 29.08 Cr. | 428.96 Cr. |
| 2025 | 400.50 Cr. | 354.31 Cr. | 33.60 Cr. | 496.64 Cr. |
| 2026 | 462.54 Cr. | 407.59 Cr. | 43.29 Cr. | 614.16 Cr. |
Note: Financial numbers for SRIT India are in ₹ Crores unless stated otherwise.
Analysis
SRIT India Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 30.23% |
| ROCE | 28.79% |
| EBITDA Margin | 14.39% |
| PAT Margin | 9.62% |
| Debt to Equity Ratio | 0.23 |
| Earning Per Share (EPS) | 9.47 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 30.23% |
| Net Asset Value (NAV) | 40.71 |
Note: Valuation KPIs for SRIT India are computed for FY2026.
Analysis
SRIT India IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Mastek Limited | 130.45 | 12.59 | 14.81% | 965.11 | 36,987.50 Cr. |
| Railtel Corporation of India Limited | 10.79 | 24.03 | 16.25% | 70.47 | 42,774.80 Cr. |
| Protean eGov Technologies Ltd | 24.70 | 19.80 | 9.69% | 265.23 | 9,977.50 Cr. |
| Allied Digital Services Limited | 6.30 | 15.52 | 5.85% | 21.71 | 9,679.10 Cr. |
| Aurionpro Solutions Limited | 38.90 | 18.62 | 13.06% | 322.90 | 1,4110.85 Cr. |
Note: Peer group comparisons for SRIT India are sourced from DRHP filings.
FAQ
SRIT India IPO FAQs
SRIT India IPO price band is Rs 123.00 to Rs 130.00. Check the latest issue price, lot size and GMP together before applying.
SRIT India IPO open date is 28 Sept 2026, close date is 30 Sept 2026, and listing date is 06 Oct 2026.
SRIT India IPO lot size is 115 shares. The minimum retail investment is Rs 14,950.
SRIT India is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
SRIT India IPO subscription status currently shows Retail 63.64x, QIB 91.84x, NII 312.97x, Overall 125.12x.
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.
SRIT India IPO issue size is TBA and the expected allotment date is 01 Oct 2026.
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