SRIT India IPO Subscription Day 2: Issue Subscribed 4.16 Times

Mumbai, September 29: SRIT India IPO was subscribed 4.16 times by the end of Day 2 of bidding on Tuesday, September 29, 2026. The ₹218.40 crore IPO received bids for 4,89,02,830 shares against 1,17,60,000 shares offered to investors.

The retail portion was subscribed 6.05 times, while the NII category was subscribed 5.25 times. The QIB (Ex Anchor) portion saw a subscription of 0.03 times by the end of Day 2.

The SRIT India IPO will remain open for subscription on September 30, 2026, which is the final day of bidding.

SRIT India IPO Subscription Status

The retail category received bids for 3,55,62,370 shares against 58,80,000 shares offered, taking the subscription to 6.05 times.

The NII category received bids for 1,32,35,695 shares against 25,20,000 shares available, resulting in a subscription of 5.25 times.

Within the NII segment, the bNII portion was subscribed 3.61 times, while the sNII portion was subscribed 8.53 times.

The QIB (Ex Anchor) category received bids for 1,04,765 shares against 33,60,000 shares offered, resulting in a subscription of 0.03 times.

Overall, the issue received bids for 4,89,02,830 shares against 1,17,60,000 shares offered, taking the overall subscription to 4.16 times.

The total amount of bids stood at ₹635.737 crore, calculated at the upper end of the IPO price band.

The issue had received 2,77,538 applications as of the latest update.

Day-wise SRIT India IPO Subscription

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
Sep 28 (Day 1)	0.00x	0.90x	0.53x	1.65x	1.61x	1.00x
Sep 29 (Day 2)	0.03x	5.25x	3.61x	8.53x	6.05x	4.16x

SRIT India IPO Details

SRIT India IPO is a ₹218.40 crore book-built issue comprising an entirely fresh issue of 1.68 crore shares.

The IPO has a price band of ₹123 to ₹130 per share. The lot size is 115 shares, making the minimum investment for a retail investor ₹14,950 at the upper end of the price band.

The IPO opened for subscription on September 28, 2026, and will close on September 30, 2026.

The shares are proposed to be listed on the BSE and NSE, with a tentative listing date of October 6, 2026.

Choice Capital Advisors Pvt. Ltd. is the book-running lead manager, while KFin Technologies Ltd. is the registrar to the issue.

SRIT India IPO Issue Size

Particulars	Details
Total Issue Size	1,68,00,000 shares
Fresh Issue	1,68,00,000 shares
Issue Amount	₹218.40 crore
Face Value	₹5 per share
Price Band	₹123 to ₹130
Lot Size	115 shares
Issue Type	Bookbuilding IPO
Sale Type	Fresh capital only
Listing Platform	BSE, NSE

SRIT India IPO Reservation

Of the total issue size of 1,68,00,000 shares, 84,00,000 shares, or 50%, are allocated to QIBs. Another 25,20,000 shares, or 15%, are reserved for NIIs, while 58,80,000 shares, or 35%, are reserved for retail investors.

Investor Category	Shares	% of Total Issue
QIB	84,00,000	50.00%
Anchor Investor	50,40,000	30.00%
QIB (Ex Anchor)	33,60,000	20.00%
NII	25,20,000	15.00%
bNII (> ₹10L)	16,80,000	10.00%
sNII (< ₹10L)	8,40,000	5.00%
Retail	58,80,000	35.00%
Total	1,68,00,000	100.00%

SRIT India IPO Lot Size

Investors can bid for a minimum of 115 shares and in multiples thereof.

Application	Lots	Shares	Amount
Retail (Min)	1	115	₹14,950
Retail (Max)	13	1,495	₹1,94,350
S-HNI (Min)	14	1,610	₹2,09,300
S-HNI (Max)	66	7,590	₹9,86,700
B-HNI (Min)	67	7,705	₹10,01,650

SRIT India IPO Anchor Investors

SRIT India IPO raised ₹65.52 crore from anchor investors ahead of the public issue.

The anchor bidding took place on September 25, 2026, with 50,40,000 shares offered to anchor investors.

The lock-in period for 50% of the anchor shares ends on October 31, 2026, while the lock-in period for the remaining shares ends on December 30, 2026.

SRIT India IPO Allotment and Listing

The SRIT India IPO will close for subscription on September 30, 2026.

The tentative allotment date is October 1, 2026. Refunds are scheduled for October 5, while shares are expected to be credited to successful applicants on the same day.

The IPO is tentatively scheduled to list on the BSE and NSE on October 6, 2026.

SRIT India IPO Timeline

Event	Date
IPO Open	September 28, 2026
IPO Close	September 30, 2026
Allotment	October 1, 2026
Refund	October 5, 2026
Credit of Shares	October 5, 2026
Listing	October 6, 2026

About SRIT India Ltd.

Incorporated in September 1999, SRIT India Limited is a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company. It provides digital solutions, custom application development and system integration services.

The company has 26 years of industry experience and designs, implements and operates digital platforms for government entities and enterprises in India and select overseas markets. Its operations span healthcare, electronic governance, telecommunications and broadband.

Its offerings include healthcare information systems, digital health platforms, e-governance solutions, cybersecurity, enterprise software, network infrastructure, system integration, automation and managed services.

Conclusion

SRIT India IPO was subscribed 4.16 times on Day 2, with retail subscription at 6.05 times, NII at 5.25 times and QIB (Ex Anchor) at 0.03 times.

The IPO remains open for subscription on September 30, 2026, which is the final day of bidding. The tentative allotment is scheduled for October 1, followed by refunds and share credit on October 5. The tentative listing date is October 6, 2026.

Source:

• https://www.nseindia.com/market-data/issue-information?symbol=SRIT&series=EQ&type=Active