SRIT India Ltd IPO
IT - Software
Price Band
₹123 – ₹130
Lot Size
115
Minimum Bid Quantity
115
Minimum Investment
₹14950
Issue Size
₹218.4Cr
Opens
2026-09-28
Closes
2026-09-30
Listing
06-10-2026
IPO Details
Issue Type
EQUITY
Face Value
₹5
Tick Size
1
ISIN
INE307K01028
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
SRIT India Limited is a Bengaluru-headquartered information technology and IT-enabled services company providing digital solutions, system integration, and automation services. Its operations are organised across healthcare, electronic governance, and telecommunications and broadband. In healthcare, the company provides hospital information systems, revenue cycle management, digital health platforms, system integration, implementation, data migration, and maintenance services. Its electronic governance services include e-governance platforms, cybersecurity solutions, enterprise software and digital service delivery systems for government clients and enterprises. In telecommunications and broadband, it provides networking, connectivity, system integration, and managed services, including fibre optic networks, broadband infrastructure, IP-MPLS networks, and smart city infrastructure. The company also develops AI-enabled solutions, including AI-based video analytics software, and has undertaken projects for power transformer monitoring and digital monitoring. Its delivery processes are appraised at CMMI Level 5 and SSE-CMM and certified to ISO 27034-1:2011, ISO/IEC 27001:2022, and ISO 45001:2018. It has executed over 103 projects in the last decade.
Pros
- • SRIT India has a 26-year track record of designing, implementing, and operating digital platforms for government clients and enterprises. In the last decade, it has executed more than 103 projects with a total order value of Rs 1,234.72 crore across healthcare, electronic governance, and telecommunications and broadband.
- • As of June 30, 2026, the company had an order book of Rs 1,204.72 crore and 102 ongoing orders across its three business verticals. Its projects cover multiple sectors, government departments, and geographies.
- • The company provides services covering software development, system integration, data migration, cloud or on-premise deployment, telecommunications and broadband solutions, and operations and maintenance. It also offers in-house software products alongside third-party and OEM technologies based on client requirements.
Cons
- • A significant portion of SRIT India’s revenue is derived from government entities, which contributed Rs 402.34 crore (89.41%), Rs 355.63 crore (91.34%), and Rs 221.87 crore (81.84%) to revenue from operations in FY26, FY25, and FY24, respectively. Government entities also accounted for Rs 1,020.50 crore (86.28%), Rs 1,141.67 crore (93.88%), and Rs 1,377.81 crore (93.29%) of the company’s order book in FY26, FY25, and FY24. Failure to qualify for or win government tenders, or a reduction in tenders released by government customers, could adversely affect the company’s business, financial condition, cash flows, and growth prospects.
- • A significant portion of SRIT India’s revenue from operations is derived from its top 10 customers, which contributed Rs 402.12 crore (89.36%), Rs 360.89 crore (92.68%), and Rs 229.14 crore (84.54%) in FY26, FY25, and FY24, respectively. The company’s dependence on these customers, combined with its reliance on competitive bidding to secure projects, means that the loss of one or more major customers, lower demand, unsuccessful bids, or failure to retain existing projects could adversely affect its revenue, profitability, cash flows, and financial condition.
- • A significant portion of SRIT India’s order book and revenue from operations is concentrated in the electronic governance sector, which accounted for 58.40%, 63.86%, and 65.33% of its order book and 68.39%, 61.29%, and 50.13% of its revenue from operations in FY26, FY25, and FY24, respectively. Any slowdown in activity or expenditure, adverse policy or funding changes, or reduced project opportunities in the electronic governance sector could adversely affect the company’s business, profitability, cash flows, and growth prospects.
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