SRIT India‘s ₹218.40 crore IPO closed on 30 September 2026 with 125.16 times subscription, per bidding data compiled by Chittorgarh. Allotment is due on 1 October, and listing is tentatively set for 6 October.
Final Day Subscription Numbers
Subscription tells you how many times investors asked for the shares on offer. A figure of 125.16 times means bids were more than 125 times the shares offered to investors in this round. The numbers below are as of 5:55 PM on 30 September and may be updated after bids are finalised.
| Category | Subscription (times) | Shares offered |
|---|---|---|
| QIB (excluding anchor) | 91.84 | 33,60,000 |
| NII | 312.99 | 25,20,000 |
| Retail | 63.70 | 58,80,000 |
| Total | 125.16 | 1,17,60,000 |
Within the NII category, bids above ₹10 lakh were subscribed 355.80 times, and bids below ₹10 lakh 227.37 times. The issue drew 31,09,304 applications in total.
QIBs are qualified institutional buyers such as mutual funds and insurers. NIIs are non-institutional investors who bid above ₹2 lakh.
SRIT India IPO Issue Details
The IPO is a book-built issue made up entirely of fresh shares, with no offer for sale. Choice Capital Advisors is the lead manager and KFin Technologies is the registrar.
| Detail | Information |
|---|---|
| Issue size | ₹218.40 crore (1.68 crore fresh shares) |
| Price band | ₹123 to ₹130 per share |
| Lot size | 115 shares |
| Minimum retail investment | ₹14,950 (one lot at ₹130) |
| Maximum retail investment | ₹1,94,350 (13 lots) |
| Face value | ₹5 per share |
| Anchor investors | ₹65.52 crore raised on 25 September |
The issue is split 50% for QIBs (including 30% for anchor investors), 15% for NIIs and 35% for retail investors.
Allotment, Refund and Listing Dates
- Bidding: 28 to 30 September 2026
- Basis of allotment: 1 October 2026
- Refunds and credit of shares to demat accounts: 5 October 2026
- Tentative listing on BSE and NSE: 6 October 2026
Because the issue is oversubscribed in every investor category, many applicants will not receive shares. Retail applicants are allotted shares by a computerised lottery when the issue is oversubscribed.
What Oversubscription Means for Allotment Chances
The retail portion holds 58,80,000 shares. At one lot of 115 shares each, that room can serve at most 51,130 retail allottees. Retail bids were 63.70 times the quota, so only a small share of retail applicants can receive a lot, and the lottery decides who does.
Bids of different sizes do not improve a retail applicant’s odds. A bid for 13 lots has the same chance in the lottery as a bid for one lot.
How to Check Your Allotment Status
Applicants can check status on the KFin Technologies IPO status page or on the BSE and NSE websites, using their PAN, application number or DP ID. Allotted shares are credited to the demat account on 5 October. Applicants who do not get shares should see the blocked UPI amount released or the refund credited by the same date.
Investors who missed this IPO and want to apply to future issues need to open a demat account first, since allotted shares are credited there. UPI bids are placed through a stock trading app or an online trading platform linked to the applicant’s bank account.
What the Company Does and How It Has Performed
SRIT India is a Bengaluru-based IT and IT-enabled services company, set up in 1999. It designs and runs digital platforms for government bodies and enterprises across three areas: healthcare, electronic governance, and telecom and broadband. The company says it has executed more than 103 projects with a combined order value of about ₹1,234.7 crore.
Its revenue from operations rose from ₹389.35 crore in FY 2024-25 to ₹450.00 crore in FY 2025-26, an increase of about 16%. Profit after tax rose about 29%.
| Financial measure (₹ crore) | FY 2023-24 | FY 2024-25 | FY 2025-26 |
|---|---|---|---|
| Total income | 282.22 | 400.50 | 462.54 |
| EBITDA | 40.99 | 49.81 | 64.77 |
| Profit after tax | 29.08 | 33.60 | 43.29 |
| Total borrowing | 22.28 | 51.30 | 36.15 |
How the Money Will Be Used
SRIT India plans to spend ₹12.86 crore on capital expenditure for modernising products and ₹124.00 crore on working capital. A third object covers acquisitions and general corporate purposes, with no amount listed. After the issue, the promoter and promoter group holding will fall from 84.91% to 62.71%.
Dates to Track After Listing
The anchor investors bought 50,40,000 shares at the issue price on 25 September. The lock-in for 50% of the anchor shares ends on 31 October 2026, and the remaining anchor shares are locked in until 30 December 2026.
A lock-in is a period during which the investor cannot sell. Share supply can change when these dates pass, so investors often watch them.
Investors should read the Red Herring Prospectus on SEBI‘s website before making any decision. IPO listing prices can be above or below the issue price.
Investments are subject to market risks. This is not investment advice.
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