The SRIT India IPO allotment status will be finalized on October 1, 2026. Investors who applied can check their allotment details online through the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and KFin Technologies websites. The company plans to list its shares on both NSE and BSE on October 6, 2026, at 10 am.
- SRIT India issued 1.68 crore fresh shares worth ₹218.40 crore in its IPO.
- The IPO did not include any offer for sale component.
- The IPO received bids for over 147 crore shares against 1.17 crore shares on offer.
- Qualified Institutional Buyers (QIBs) subscribed 91.84 times.
- Non-institutional investors subscribed 312.99 times.
- Retail investors subscribed 63.70 times.
- Net proceeds will fund product modernization, working capital, acquisitions, and corporate purposes.
What is the SRIT India IPO allotment status and how to check it?
The allotment status for SRIT India IPO is expected to be finalized on the evening of October 1, 2026. Investors can check their allotment status online by visiting the official websites of NSE, BSE, or KFin Technologies. These platforms provide a simple interface where investors can enter their application details such as PAN number or application number to view the allotment results.
What were the subscription details of the SRIT India IPO?
The IPO attracted significant investor interest, receiving bids for approximately 147.19 crore shares against the 1.17 crore shares offered. This high demand resulted in oversubscription across all investor categories:
- Qualified Institutional Buyers (QIBs) subscribed 91.84 times the shares allocated to them.
- Non-institutional investors subscribed 312.99 times.
- Retail investors subscribed 63.70 times.
This strong subscription reflects investor confidence in SRIT India's business model and growth prospects.
What is the composition and purpose of the SRIT India IPO?
The SRIT India IPO consisted solely of a fresh issue of 1.68 crore shares valued at ₹218.40 crore. There was no offer for sale component, meaning existing shareholders did not sell any shares during this IPO.
The net proceeds from the IPO will be utilized for several key purposes, including:
- Capital expenditure for modernizing existing products and redevelopment.
- Meeting working capital requirements.
- Funding inorganic growth through potential acquisitions.
- General corporate purposes.
Who is SRIT India and what services does the company provide?
SRIT India is an IT and IT-enabled services (ITeS) company headquartered in Bengaluru. It specializes in delivering digital solutions and automating systems through custom application development and integration services. The company designs, implements, and operates digital platforms for government entities, domestic enterprises, and select overseas markets.
When will SRIT India shares be listed and available for trading?
The shares of SRIT India Ltd are scheduled to be listed on the NSE and BSE on Tuesday, October 6, 2026. Trading will begin at 10 am on the listing day, allowing investors to buy and sell shares on the stock exchanges.
In summary, the SRIT India IPO was highly oversubscribed, reflecting strong market interest. Investors can check their allotment status online from October 1, and the shares will be officially listed on October 6, 2026. The funds raised will support the company’s growth and modernization initiatives.
