SRIT India IPO Opens Today: GMP Signals Premium — Price, Lot Size, Dates and Key Details
SRIT India IPO opened for subscription on September 28, 2026, giving investors three days to place bids. The ₹218.40-crore mainboard issue has attracted attention in the grey market, where the latest GMP reported by Economic Times was ₹15, or around 12% above the upper price band.
The IPO is entirely a fresh issue, meaning the money raised will go to the company rather than existing shareholders through an offer-for-sale component. The issue will remain open until September 30.
SRIT India IPO: Key Details
| Particular | Details |
|---|---|
| IPO dates | September 28–30, 2026 |
| Issue size | ₹218.40 crore |
| Issue type | Book-built |
| Price band | ₹123–₹130 per share |
| Lot size | 115 shares |
| Minimum investment | ₹14,950 |
| Issue structure | Fresh issue |
| Allotment | October 1, 2026 |
| Proposed listing | October 6, 2026 |
| Exchanges | NSE and BSE |
| Lead manager | Choice Capital Advisors |
| Registrar | KFin Technologies |
The minimum retail application at the upper end of the price band requires ₹14,950 for one lot of 115 shares.
SRIT India IPO GMP: What Is the Latest Signal?
The grey market premium was reported at ₹15 per share, equivalent to about 12% over the ₹130 upper price band when the IPO opened.
At that GMP level, the implied price would be around ₹145. However, this is only a mathematical indication based on the unofficial grey market and does not guarantee the actual listing price. GMP can change before listing and is not an exchange-regulated measure.
Other market trackers reported higher GMP levels around the same period, highlighting how quickly grey-market indications can move. Investors therefore need to treat GMP as market sentiment rather than as a reliable prediction of listing performance.
What Does SRIT India Do?
SRIT India is a Bengaluru-based IT and IT-enabled services company that has been operating since 1999.
Its business covers areas including healthcare technology, e-governance, telecommunications and broadband. The company's offerings include digital platforms, healthcare information systems, cybersecurity, enterprise software, networking, connectivity, system integration and managed services.
The company also says it has begun developing AI-enabled solutions across its key business areas.
This gives the IPO exposure to several technology-driven segments rather than relying on a single software product.
Financial Performance Shows Growth
SRIT India's recent financial numbers show an improvement in both revenue and profitability.
Based on the reported restated financials, revenue from operations increased from about ₹389.35 crore in FY2025 to ₹450 crore in FY2026, while profit after tax rose from ₹33.60 crore to ₹43.29 crore.
That represents a significant increase in earnings over the year. The company's EBITDA also increased from ₹49.81 crore in FY2025 to ₹64.77 crore in FY2026.
The numbers suggest that investors will be watching not only the company's IPO demand but also whether it can maintain its recent growth and profitability after listing.
How Will SRIT India Use the IPO Money?
A large portion of the proceeds is earmarked for working capital.
The company has proposed using around ₹124 crore for working capital requirements and approximately ₹12.86 crore for modernisation of existing products and redevelopment.
The remaining proceeds are intended for potential acquisitions, strategic initiatives and general corporate purposes.
The working-capital allocation is an important point for investors because the ability to convert business growth into healthy cash flows will be relevant after the IPO.
What Investors Should Watch
The GMP is attracting attention, but it should not be considered the main reason to evaluate the issue.
Investors may want to examine:
- Revenue and profit growth over multiple years
- Working-capital requirements
- Cash-flow performance
- Debt levels
- Valuation at the ₹130 upper price band
- The company's ability to win and execute new projects
- Growth in its healthcare, e-governance and telecom businesses
- How effectively it develops and commercialises newer technology offerings
SRIT India's financial profile has improved, but future performance will depend on whether that growth can continue in a competitive IT-services market.
SRIT India IPO Allotment and Listing Date
The proposed IPO schedule places the basis of allotment on October 1, followed by refunds and demat credit on October 5. The shares are scheduled to begin trading on October 6, 2026, subject to the proposed timetable.
Bottom Line
SRIT India's ₹218.40-crore IPO combines recent financial growth with exposure to healthcare technology, e-governance and telecom-related digital services. The reported grey-market premium has added interest around the issue, but GMP remains unofficial and can change substantially before listing.
For investors studying the IPO, the more important question is whether the company's recent revenue and profit growth can be sustained and whether the funds raised can support further expansion. GMP may indicate short-term market sentiment, but it should not be treated as a substitute for analysing the company's financials, valuation and business risks.
