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SRIT India Ltd. IPO
Min Investment
₹ 14,950 / 115 shares
Price Range
₹123 - ₹ 130
Bidding Dates
28 Sep '26 - 30 Sep '26
Total Issue Value
218.40 Cr
Lot Size
115
Total Issue Size
218.40 Cr
Listing At
IPO Timeline
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28 Sep 2026Bidding Starts
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30 Sep 2026Bidding Ends
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1 Oct 2026Allotment Finalization
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6 Oct 2026Listing
About SRIT India Ltd.
We are a Bengaluru-headquartered Information Technology and Information Technology enabled Services (“IT/ITeS”) solutions company offering digital solutions and automations of systems through custom application development and
integration services. We have a track record of twenty-six years in designing, implementing and operating digital platforms for Government entities and Enterprises in India and select overseas markets. The Company has successfully implemented large-scale, mission-critical projects for both central and state government bodies across India (Source: D&B Report). The activities are organised across three verticals: (i) healthcare, (ii) electronic governance, and (iii) telecommunications and broadband. Through these verticals, we provide technology-enabled solutions, system integration, operations and maintenance services to Government clients and Enterprises.
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Parent organisation
Founded
SRIT India Ltd.
1999
SRIT India Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 50,40,000 (30%) |
| Non Institutional Investors | 25,20,000 (15%) |
| Qualified Institutional Buyers (QIBs) | 33,60,000 (20%) |
| Retail Individual Investors (RIIs) | 58,80,000 (35%) |
SRIT India Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 363.45 Cr | 29.86 Cr | 63.37 Cr |
| 31 Mar 2024 | 249.99 Cr | 20.61 Cr | 47.59 Cr |
SRIT India Ltd. Background
Major Events And Milestones
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1999Incorporation of the Company as a private limited company on September 09, 1999 under the name and style of ‘Sobha Renaissance Information Technology Private Limited’. ”
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2003Awarded a multimillion-dollar contract for installation, testing, and commissioning of a fixed wire and interconnect billing system.
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2004Re-engineered, enhanced and further developed a global environmental, health and safety information management system for a multinational client under a multi-million-dollar budget, delivering the project on time with functionality exceeding the originally defined scope.
Established a development partnership with a leading global inspection, certification and testing services provider, employing best-practice software development methodologies, contributing to the sustained continuance of the engagement.
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2007Acquired stake in Objective Systems Integrators Inc, a global supplier of telecom operations support systems
Delivered and installed the hardware, Picture Archiving and Communication System. (“PACS”), teleradiology and telemedicine software, conducted test runs, provided user training, and commissioned the application for a private healthcare institution, including onsite demonstrations and training for its personnel.
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2014Name of the Company was changed from “Sobha Renaissance Information Technology Private Limited” to “SRIT India Private Limited”.
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2016Awarded a project for developing and implementing software applications for e-catering, air ticketing, tourism services, full-tariff rate management, and Mumbai suburban season ticketing.
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2017Received a contract for the design, supply, installation, testing, and commissioning of network infrastructure in Pune, Maharashtra.
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2018Engaged for an end-to-end health sector automation project to enhance the healthcare application suite through additional processes, application and infrastructure upgrades, redesign and replacement of the system, including end-user training, support for third-party audit requirements, and provision of operations and maintenance services to ensure business continuity and performance across more than 2,200 healthcare facilities in the government and private sectors and its several thousand users.
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2019Developed the revenue and health enterprise system (RHES) for billing and revenue cycle management (RCM) solution for a international healthcare institution with operations in Europe and the Middle East.
Delivered application development, implementation, training, and end-to-end operations and maintenance support for a government healthcare and social security corporation comprising a Hospital Information System (“HIS”), a Hospital Enterprise Resource Planning (“ERP”) system, and a Business Intelligence (“BI”) & Analytics platform, covering healthcare service delivery, organisation-wide administrative and employee processes, and enterprise analytics
requirements.
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2022Installed, supplied, and provided maintenance services for a hospital management system, including the Picture Archiving and Communication System (“PACS”), for CK Birla Hospital, New Delhi.
Selected as the system integrator for a state-level e-district initiative, under which the Company designed, developed and implemented the e-district application across 30 districts and has been providing ongoing maintenance support, enabling widespread digital delivery of citizen services through district administrations and common service centres.
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2023The Company was engaged as a service provider for development, operational support, and maintenance for providing onsite support, technical operations support and software maintenance for 109 local bodies under the Directorate of Urban Local Bodies, 53 urban/ local development offices under the Department of Town and Country Planning and 48 offices under the state-level industrial and infrastructure development authority in Haryana.
Established a branch office in Qatar to facilitate and support the operations in the region. Developed the AI-based intelligent transport management system ‘SAFE KERALA’, valued at Rs. 1,512.27 million.
Developed and carried out fibre deployment for a State Fibre Optic Network Project in the State of Kerala, India.
Engaged as a managed service provider for business operations for RailTel’s high-speedbroadband network “Railwire” for the States of Kerela, Karnataka, Gujarat and Tamil Nadu.
Launched the Qatar Health Information System (“QHIS”) project, establishing a unified insurance platform for a national health financing authority, including unified coding and claims-exchange standards, regulatory policy implementation, and a centralised repository for all insurance activities in the country.
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2024Received a Rs. 2,500 million contract for supply, commissioning and maintenance of 4G LTE connectivity for 15,000 Automated Teller Machines (“ATMs”) / Automated Deposit cum Withdrawal Machines (“ADWMs”) of a public sector bank in India.
Entered into an agreement as the selected system integrator for enabling end-to-end computerisation of the core and support functions of a state-owned alcoholic beverages company, including design, development, migration, installation, testing, training and operations and maintenance for a period of five years.
Awarded a project for the supply, implementation and maintenance of the computerisation of forensic science laboratories in Maharashtra, valued at Rs.3,573.48 million by Telecommunications Consultants India Limited.
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2025Awarded a contract for setting up of 43 Bharat Ratna Dr. B.R. Ambedkar Static & Mobile Karmika Seva Kendra’s (KSKs) to register the building and other construction workers as beneficiaries and to facilitate various schemes across the State of Karnataka.
Awarded a project for desktop planning, physical surveys, execution videography and documentation, including As-Built Documentation (“ABD”), Measurement Book (“MB”) and handover as well as existing network physical surveys in the Uttar Pradesh (East) and Uttar Pradesh (West) telecom circles.
Successfully deployed the Renaissance Health Enterprise Suite (“RHES”) hospital information management system for a national mental health and neuroscience institute, completing system study, design, customisation, and implementation, for both outpatient and inpatient services. Conversion from private limited company into a public limited company under the name and style of ‘SRIT India Limited’.
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2026Entered into a memorandum of understanding with a medical products company for distribution of its products across India, valued at approximately Rs.3,500.00 million for Fiscal 2027 and Rs.5,000.00 million and above for Fiscal 2028.
Entered into a strategic incubation and investor protection agreement and a term sheet with Carnot Research Private Limited for a proposed investment of Rs.50.00 million for a 10.00% stake in Carnot Research Private Limited.
Entered into a conditional binding term sheet with Blossom Multi Speciality Hospital for the proposed acquisition of 50.00% of the fully diluted equity share capital, voting rights and economic interest in the Resulting Company, at an indicative equity valuation of Rs.2,800.00 million.
SRIT India Ltd. Object of Issues
Objects of the Issues are:
1. Funding of capital expenditure requirements towards modernization of existing products and redevelopment.
2. Funding working capital requirements of the Company.
3. Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
SRIT India Ltd. IPO Listing Details
Listing Date
6 Oct 2026
ISIN
INE307K01028
Final Issue Price
₹ 130
SRIT India Ltd. Company Promoters
The Promoters of the Company are:
1. Dr. Nambiar Raghavan Madhusoodan
2. Prasaktha Vakkiyl Nambiar
3. Martin Poovakkulam Chacko.
Industry Overview
IT-BPM (Information Technology-Business Process Management) refers to the combined industry encompassing both IT services and business process outsourcing. IT services include software development, system integration, infrastructure management, and consulting, while BPM (also known as BPO) ... Read more
SRIT India Ltd. IPO Registrar
KFin Technologies Ltd.
Karvy Selenium, Tower B,
Plot No. 31 & 31, Gachibowli,
Financial District, Nanakramguda,
Serilingampally,
Hyderabad, Ranga Reddy District Telangana - 500032
67162222
SRIT India Ltd. IPO Lead Manager(s)
Choice Capital Advisors Pvt. Ltd.
Sunil Patodia Tower, Plot No. 156-158, J.B. Nagar,
Andheri (East), Mumbai Maharashtra - 400099
67079999
FAQs
When does SRIT India Ltd. IPO opens and closes?
SRIT India Ltd. IPO opens from 28th September to 30th September 2026.What is the size of SRIT India Ltd. IPO?
The size of the SRIT India Ltd. IPO is ₹218.40 Cr.What is the price range of SRIT India Ltd. IPO?
The price range of SRIT India Ltd. IPO is at ₹123 to ₹130 per share.What is the minimum investment and lot size required for the SRIT India Ltd. IPO?
The minimum investment required is ₹14,950 and minimum lot size is 115 shares.When is SRIT India Ltd. IPO listing date?
The SRIT India Ltd. IPO will be listed on 6th October 2026.What is the objective of SRIT India Ltd. IPO?
Objects of the Issues are:1. Funding of capital expenditure requirements towards modernization of existing products and redevelopment.
2. Funding working capital requirements of the Company.
3. Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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