Mumbai: Bengaluru based IT and IT enabled Services (IT/ITeS) solutions company SRIT India announced Rs 218.4 crore main board initial public offering with equity shares to be listed on the NSE & BSE platform.
The IPO in the price band of Rs 123 to Rs 130 per equity share of Rs 5 face value will open on Sept.28 and will close on Sept.30, 2026.SRIT India’s IPO is entirely a fresh issue of 1.68 crore equity shares.
The company designs, implements and operates digital platforms for Government entities and Enterprises in India and select overseas markets. It is strengthening its AI capabilities through AI-enabled solutions across its core verticals and has implemented large-scale, mission-critical projects. Operations are organised across three verticals electronic governance, telecommunications and broadband, and healthcare delivered through a full-service stack spanning architecture and design, build and integration, data migration, deployment and continuous operations and maintenance.
The net proceeds from the IPO will be utilized for funding of capital expenditure requirements towards modernization of existing products and redevelopment( Rs 12.85 crore), funding working capital requirements( Rs 124 crore), achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
“We have built our capabilities around designing, implementing and operating mission-critical digital platforms across e-governance, telecommunications and broadband, and healthcare. The proposed deployment of the net proceeds towards product modernization, working capital and strategic growth initiatives is intended to support the next phase of our business as we continue strengthening our technology capabilities and expanding our solution portfolio,” said Dr. Nambiar Raghavan Madhusoodan, MD & CEO, SRIT India.
SRIT India has a track record of executing large-scale digital transformation projects for government entities and enterprises. As of June 30, 2026, the company had an outstanding order book of Rs1,204.71 crore. In fiscal 2026, revenue from operations stood at Rs449.99 crore, with operating EBITDA of Rs 64.77 crore and profit after tax of Rs 43.29 crore.
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