SRIT India IPO Updates

Particulars	Details
Issue Type	Book-built issue
Fresh Issue	Up to 1.68 crore equity shares
Offer for Sale	None
Face Value	₹5 per equity share
Issue Size	To be determined after price discovery
Proposed Listing	BSE and NSE
Price Band	To be announced in RHP
BRLM	Choice Capital Advisors Private Limited
Registrar	KFin Technologies Limited
Allocation	≤50% QIB, ≥35% Retail, ≥15% NII

Particulars

Details

Issue Type

Book-built issue

Fresh Issue

Up to 1.68 crore equity shares

Offer for Sale

None

Face Value

₹5 per equity share

Issue Size

To be determined after price discovery

Proposed Listing

BSE and NSE

Price Band

To be announced in RHP

BRLM

Choice Capital Advisors Private Limited

Registrar

KFin Technologies Limited

Allocation

≤50% QIB, ≥35% Retail, ≥15% NII

About the Company

SRIT India Limited is an IT and IT-enabled services company that develops and operates digital platforms and customised software solutions for government entities, public sector undertakings and select overseas clients.

The company operates across three primary verticals:

E-governance:

SRIT India provides digital platforms and automation solutions to government departments and public sector programmes. These include large-scale citizen service platforms and mission-critical infrastructure systems.

Healthcare IT:

The company offers solutions such as the Renaissance Health Enterprise Suite (RHES), an integrated hospital management system aligned with the Ayushman Bharat Digital Mission. The company offers integrated hospital management and healthcare IT platforms supporting digital health initiatives in India and select overseas markets.

Telecom and broadband:

SRIT India has executed projects in telecom and broadband infrastructure, including network and billing platforms. The company has participated in telecom and broadband infrastructure projects involving network and connectivity platforms for public sector clients.

Headquartered in Bengaluru, the company has over 26 years of operating experience. It is certified at CMMI Level 5 and ISO 27001:2022, indicating established process maturity and information security standards.

As disclosed in the DRHP, the company reported an order book of approximately ₹1,280.6 crore as of September 2025, with a significant share derived from government and public-sector contracts. This highlights its positioning as a technology partner for public sector digital transformation initiatives.

Fund Allocation	Amount (₹ crore)	Purpose
Capital Expenditure – Product Modernisation	15.30–15.36	Upgrading technology architecture, improving scalability, and enhancing security and user experience of existing software platforms
Working Capital Requirements	124	Supporting project execution, managing receivables, and sustaining long-term service contracts
Inorganic Growth and Strategic Initiatives	Not specified	Funding potential acquisitions and strategic expansion initiatives
General Corporate Purposes	Balance	Supporting business development, technology investments, and organisational strengthening

Fund Allocation

Amount (₹ crore)

Purpose

Capital Expenditure – Product Modernisation

15.30–15.36

Upgrading technology architecture, improving scalability, and enhancing security and user experience of existing software platforms

Working Capital Requirements

124

Supporting project execution, managing receivables, and sustaining long-term service contracts

Inorganic Growth and Strategic Initiatives

Not specified

Funding potential acquisitions and strategic expansion initiatives

General Corporate Purposes

Balance

Supporting business development, technology investments, and organisational strengthening

Fiscal Year	Revenue from Operations (₹ Cr)	PAT (₹ Cr)	Notes / Highlights
FY2023	151.84	15.04	Baseline year reflecting established e-governance and IT services operations.
FY2024	271.00 (approx.)	29.00 (approx.)	Strong year-on-year growth ahead of further scale-up.
FY2025	389.30–389.34	33.60–33.65	Revenue CAGR of about 36.87% (FY2023–FY2025) and PAT CAGR of about 30.73%.

Fiscal Year

Revenue from Operations (₹ Cr)

PAT (₹ Cr)

Notes / Highlights

FY2023

151.84

15.04

Baseline year reflecting established e-governance and IT services operations.

FY2024

271.00 (approx.)

29.00 (approx.)

Strong year-on-year growth ahead of further scale-up.

FY2025

389.30–389.34

33.60–33.65

Revenue CAGR of about 36.87% (FY2023–FY2025) and PAT CAGR of about 30.73%.

Milestone / Stage	Date (or Status)	Details
DRHP filed with SEBI	January 29, 2026	SRIT India Limited IPO filed with SEBI proposing a fresh issue of up to 1.68 crore equity shares of face value ₹5 each.
DRHP disclosed on SEBI site	February 6, 2026	Listed under “Draft Offer Documents filed with SEBI – Public Issues”.
SEBI review and observations	Ongoing / Awaited	DRHP under regulatory review; observations to be issued prior to RHP filing.
Filing of Red Herring Prospectus (RHP)	To be announced	RHP with final price band, issue size in ₹, lot size and timetable to be filed after addressing SEBI observations.
IPO Opening Date	Not yet announced	Bidding window dates to be announced in the RHP and exchange notifications.
IPO Closing Date	To be announced	To be specified along with opening date in final IPO timetable.
Listing on BSE/NSE (tentative)	To be announced	Equity shares proposed to be listed on both BSE and NSE upon completion of allotment and listing formalities.

Milestone / Stage

Date (or Status)

Details

DRHP filed with SEBI

January 29, 2026

SRIT India Limited IPO filed with SEBI proposing a fresh issue of up to 1.68 crore equity shares of face value ₹5 each.

DRHP disclosed on SEBI site

February 6, 2026

Listed under “Draft Offer Documents filed with SEBI – Public Issues”.

SEBI review and observations

Ongoing / Awaited

DRHP under regulatory review; observations to be issued prior to RHP filing.

Filing of Red Herring Prospectus (RHP)

To be announced

RHP with final price band, issue size in ₹, lot size and timetable to be filed after addressing SEBI observations.

IPO Opening Date

Not yet announced

Bidding window dates to be announced in the RHP and exchange notifications.

IPO Closing Date

To be announced

To be specified along with opening date in final IPO timetable.

Listing on BSE/NSE (tentative)

To be announced

Equity shares proposed to be listed on both BSE and NSE upon completion of allotment and listing formalities.

Disclaimer

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.