SRIT India Shares List at 13.85% Premium on NSE After 125.16x Subscription

Mumbai | October 6, 2026 

SRIT India Limited is an information technology (IT) and IT-enabled services company headquartered in Bengaluru. Its shares listed on Tuesday at a premium to the issue price on both exchanges. Following the listing, the company had a market capitalisation of around ₹898.52 crore. 

What Price Did SRIT India Shares List At? 

SRIT India shares listed above the issue price of ₹130 on both exchanges. The NSE listing carried a premium of 13.85%, while the BSE listing carried a premium of 7.54%. The issue price was fixed at the upper end of the price band of ₹123 to ₹130 per share. 

The listing gain was lower than the grey market premium (GMP) of ₹62, or 47.69%, on October 6, 2026. The GMP is the unofficial premium at which IPO shares trade before they list. 

Grey market premiums are unofficial and can change before listing. They do not guarantee the listing price or later performance. 

How Much Was the SRIT India IPO Subscribed? 

Investors bid for 1,47,18,71,085 shares against 1,17,60,000 shares on offer, which took overall subscription to 125.16x. Non-institutional investors, who are high-value individual and corporate bidders, led demand. Qualified institutional buyers are large investors such as mutual funds and insurance companies. 

Before the issue opened, SRIT India raised ₹65.52 crore from anchor investors on September 25, 2026. Anchor investors are institutions that receive shares before an IPO opens to the public. 

What Does SRIT India Do? 

SRIT India was incorporated in September 1999. It provides digital solutions, custom application development and system integration services to government entities and enterprises in India and select overseas markets. The company works across three sectors: 

• Healthcare 

• Electronic governance (e-governance) 

• Telecommunications and broadband 

What Were the Key Details of the SRIT India IPO? 

The IPO was an entirely fresh issue of 1.68 crore equity shares worth ₹218.40 crore. It had no offer-for-sale (OFS) component, so no existing shareholder sold shares in the issue. Read the full SRIT India IPO details on PL Capital. 

Outlook: How Will SRIT India Use the IPO Money? 

SRIT India plans to use the issue proceeds for the following purposes: 

The lock-in on 25,20,000 shares allotted to anchor investors ends on October 30, 2026. The lock-in on the remaining 25,20,000 anchor shares ends on December 29, 2026. 

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