SRIT India
Designs, builds and operates digital platforms for government and enterprise clients across e-governance, telecom/broadband and healthcare.
Last updated 4 Oct 2026, 7:14 pm IST
- Price band
- ₹123 – ₹130
- Lot size
- 115
- Issue size
- ₹218.40 Cr (100% fresh)
- Opens
- 28 Sept 2026
- Closes
- 30 Sept 2026
- Exchange
- Both
The numbers
- GMP
- ₹33 (~25.4%) (29 Sep, day 2)
- Subscription
- ~2× (day 2, 29 Sep)
- Listing date
- 6 Oct 2026
- Model prediction
- ~+25% expected → Strong Subscribe. Day 2 book on track at ~2×; GMP ₹33 (~25%).
The Ticker Tales take
SRIT India designs, implements and operates digital platforms for government bodies and enterprises in India and a few overseas markets, spanning e-governance, telecommunications and broadband, and healthcare — custom software plus equipment integration and ongoing support. FY26 revenue was around ₹450 crore, with e-governance the largest slice at 68% of sales. The entire ₹218.4 crore issue is fresh shares, so every rupee raised goes into the company rather than to existing owners — the healthier shape for a first-time applicant. Worth weighing: a large share of revenue comes from government contracts, which can be lumpy and depend on tender cycles rather than steady demand. Demand strengthened on day two, with the book roughly 2 times covered (retail well above 3 times) and the grey market premium firming to around ₹33, about 25% over the top of the band. We now expect a strong listing — a pop of around 25% — so this moves up to a Strong Subscribe.
More details
- Sector
- Government & enterprise digital platforms
- Issue type
- 100% Fresh issue
- FY26 revenue
- ₹450 Cr (approx)
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.