SRIT India IPO
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SRIT India IPO details
Schedule of SRIT India
| Issue open date | 28 Sep 2026 |
| Issue close date | 30 Sep 2026 |
| UPI mandate deadline | 30 Sep 2026 (5 PM) |
| Allotment finalization | 01 Oct 2026 |
| Refund initiation | 05 Oct 2026 |
| Share credit | 05 Oct 2026 |
| Listing date | 06 Oct 2026 |
| Mandate end date | 15 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 30 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 29 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of SRIT India
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 218.40 |
| Fresh Issue – Proceeds go to the company | 218.40 |
Utilisation of Proceeds
| Purpose | INR 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%) |
Strengths
- 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.
Risks
- Highly dependent on competitive government tenders for revenue.
- Top ten customers account for a substantial majority of revenue.
- Working capital-intensive operations pose liquidity constraints.
- Heavy reliance on third-party sub-contractors and OEMs.
- Order Book projects are subject to cancellations, modifications, or delays.