SRIT India IPO Subscription Day 3: 125.13x

Mumbai, September 30: SRIT India IPO closed for subscription on Wednesday, September 30, 2026, after receiving strong demand across investor categories. The issue was subscribed 125.13 times overall, with investors bidding for 1,47,14,75,025 shares against 1,17,60,000 shares offered.

The NII category was subscribed 312.98 times, while the QIB (Ex Anchor) portion was subscribed 91.84 times. The retail portion received 63.64 times subscription.

The IPO opened for subscription on September 28, 2026, and remained open until September 30, 2026.

SRIT India IPO Subscription Status

The retail portion received bids for 37,42,05,860 shares against 58,80,000 shares offered, resulting in a subscription of 63.64 times.

The NII category received bids for 78,86,98,175 shares against 25,20,000 shares available, taking the subscription to 312.98 times.

Within the NII segment, the bNII portion was subscribed 355.80 times, while the sNII portion was subscribed 227.33 times.

The QIB (Ex Anchor) category received bids for 30,85,70,990 shares against 33,60,000 shares offered, resulting in a subscription of 91.84 times.

Overall, the issue received bids for 1,47,14,75,025 shares against 1,17,60,000 shares offered, resulting in an overall subscription of 125.13 times.

The total amount of bids stood at ₹19,129.18 crore, calculated at the upper end of the IPO price band.

The issue received a total of 3,09,190 applications.

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
Sep 30 (Day 3)	91.84x	312.98x	355.80x	227.33x	63.64x	125.13x

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 aggregating to ₹218.40 crore.

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

The IPO opened on September 28, 2026, and closed 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
Fresh Issue Amount	₹218.40 crore
Face Value	₹5 per share
Price Band	₹123 to ₹130
Issue Price	₹130 per share
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%, were allocated to QIBs. The NII category was allocated 25,20,000 shares, representing 15% of the total issue, while 58,80,000 shares, or 35%, were reserved for retail investors.

Investor Category	Shares	% of Total Issue
QIB	84,00,000	50.00%
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 could 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 Allotment and Listing

With the IPO now closed for subscription, the tentative allotment is scheduled for October 1, 2026.

Refunds are expected to begin on October 5, while shares are scheduled to be credited to successful applicants on the same day.

The SRIT India 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 providing 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 cover healthcare, electronic governance, telecommunications and broadband.

Conclusion

SRIT India IPO has closed for subscription after being subscribed 125.13 times overall. The NII category recorded the highest subscription at 312.98 times, followed by QIB (Ex Anchor) at 91.84 times and retail investors at 63.64 times.

The tentative allotment is scheduled for October 1, 2026, while the SRIT India IPO is expected to list on the BSE and NSE on October 6, 2026.

Source:

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