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SRIT India Ltd

SRIT India Ltd
SRIT SRIT India Ltd

BSE IPO

Bidding dates28 Sep 2026 - 30 Sep 2026

Price range₹123 - ₹130

Min. investment₹14,950

Issue size218.4 Cr

Lot size115 Shares

IPO DocRHP

IPO Timeline

Start date

28 Sep 2026

End date

30 Sep 2026

Allotment date

01 Oct 2026

Refund initiation

05 Oct 2026

Share credit

05 Oct 2026

Deactivate mandate

06 Oct 2026

About company

Incorporated in September 1999, SRIT India Limited is a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company providing digital solutions, custom application development and system integration services. With 26 years of industry experience, the Company designs, implements and operates digital platforms for Government entities and Enterprises in India and select overseas markets.The Company operates across three verticals: healthcare, electronic governance, and telecommunications and broadband. Its offerings include healthcare information systems, digital health platforms, e-governance solutions, cybersecurity, enterprise software, networking, connectivity, fibre optic infrastructure, system integration, automation and managed services. The Company also provides configurable and customised solutions that can be integrated with third-party platforms and has commenced developing AI-enabled solutions across its key verticals.

In the last decade, the Company has executed more than 103 projects with an aggregate order value of approximately ?12,347.16 million for Government and Enterprise customers. Its projects include healthcare platforms, nationwide banking connectivity, state-wide fibre networks, AI-driven traffic management and power transformer monitoring solutions. The Company has a presence across multiple Indian states and also operates internationally through its Qatar operations.

The Company's delivery processes are appraised at CMMI Level 5 and SSE-CMM and are certified to ISO 27034-1:2011, ISO/IEC 27001:2022 and ISO 45001:2018. Revenue from operations increased from ?3,893.47 million in Fiscal 2025 to ?4,499.99 million in Fiscal 2026, while profit after tax increased from ?336.04 million to ?432.89 million during the same period.

As of June 30, 2026, the Company had 177 permanent employees, 7 contract-specific employees and 107 consultants. Its experienced workforce supports application development, project management, operations, solution architecture, support engineering, quality management and service delivery.

Founded in 1999

Managing director Dr. Nambiar Raghavan Madhusoodan

Parent organisation SRIT India IPO

Strengths and Risks

Strengths

With nearly 26 years of industry experience, the company specializes in designing, implementing, and operating complex, mission-critical digital platforms for government entities and major enterprises.

SRIT operates across three primary technology verticals—Healthcare IT, Electronic Governance, and Telecommunications/Broadband. It maintains a robust order book (standing at over ?1,280 crore), providing solid medium-term revenue visibility.

The company has delivered steady top-line and bottom-line growth. Total revenue expanded to ?462.54 crore and Profit After Tax (PAT) grew to ?43.29 crore in FY26, supported by high return ratios (RoNW exceeding 30%).

Risks

A vast majority of the company's revenue (historically exceeding 90%) is tied directly to government and public sector body contracts. Shifts in political priorities, budget reallocations, bureaucratic delays, or postponed tenders can heavily disrupt business flows.

Revenue is heavily front-loaded toward a handful of major counterparties, with the top 10 customers consistently accounting for over 90% of total operating revenues.

Most projects are secured via competitive public tendering. Aggressive bidding by rival IT players can lead to pricing pressures and narrow operating margins.

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