SRIT India Ltd. IPO Details
SRIT India was incorporated on April 1, 2003. The company is an IT/ITeS solutions provider offering digital automation through custom application development and system integration services, with experience in executing large mission-critical government projects across India. Its operations span healthcare, e-governance, and telecommunications, and it holds CMMI Level 5 and multiple ISO certifications, reflecting high standards of quality and security
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 16.8 M | - | - | ₹0 | DRHP DOC |
SRIT issue details
SRIT has 16.8 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
SRIT IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
SRIT NUMBER OF SHARES ON OFFER
SRIT FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 232.6 | 19.9 | -17.5 | -22.4 | 13.8% |
| FY25 | 389.3 | 33.6 | 18.0 | 6.8 | 12.8% |
| FY24 | 271.1 | 29.1 | 34.2 | 33.2 | 15.1% |
| FY23 | 151.8 | 15.0 | 10.9 | 10.2 | 14.8% |
SRIT INFORMATION ON IPO ISSUE
About SRIT
SRIT India was incorporated on April 1, 2003. The company is an IT/ITeS solutions provider offering digital automation through custom application development and system integration services, with experience in executing large mission-critical government projects across India. Its operations span healthcare, e-governance, and telecommunications, and it holds CMMI Level 5 and multiple ISO certifications, reflecting high standards of quality and security
Object of the Issue
- Funding of capital expenditure requirements towards modernization of existing products and redevelopment
- Funding working capital requirements of the company
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
SRIT - PROMOTERS
| Name |
|---|
| Nambiar Raghavan Madhusoodan |
| Prasaktha Vakkiyl Nambiar |
| Martin Poovakkulam Chacko |
SRIT - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Nambiar Raghavan Madhusoodan | Chairman & Managing Director |
| Prasaktha Vakkiyl Nambiar | Whole-Time Director |
| Martin Poovakkulam Chacko | Whole-Time Director |
| Karthick Varadarajan | Independent Director |
| Suresh Balachandran Menon | Independent Director |
| R Thiyagarajan | Independent Director |
| Thiruvengadam Ashok | Independent Director |
| R Ravichandran | Non-Executive Director |
SRIT Book Running Lead Manager
Choice Capital Advisors Private Limited
sil.ipo@choiceindia.com
SRIT Registrar to the Offer
KFin Technologies Limited
compliance.corp@kfintech.com
SRIT Strengths
End-to-end product solution
With over 26 years of experience, the company designs, implements, and operates digital platforms for governments and enterprises across healthcare, e-governance, and telecom sectors in India and select overseas markets. Its end-to-end service model is backed by CMMI Level 5 and multiple ISO certifications, ensuring high standards in quality, security, and IT service management
Diversified order book
The company offers a comprehensive product portfolio across healthcare, e-governance, and telecom sectors, with modular solutions designed for end-to-end process automation and scalable performance. Its flexible deployment model allows clients to implement the full suite or selected modules based on their specific operational needs
Geographically diversified
The company, headquartered in Bengaluru, has a diversified presence across multiple Indian states and select international markets, reducing regional concentration risks. It has executed projects in countries including Qatar, UAE, Nigeria, Zambia, Bahrain, Oman, and Myanmar, demonstrating its ability to deliver globally compliant solutions across geographies
SRIT Risks
Bidding competition
The company secures most of its IT/ITeS projects through competitive government tenders, and failure to win or execute new contracts may adversely affect its growth, profitability, and cash flows. The highly competitive bidding environment may also put pressure on margins and limit order inflow
Cyber security risks
The company relies heavily on digital infrastructure, making it vulnerable to cyberattacks, data breaches, and unauthorized system access that could disrupt operations and harm its financial performance and reputation. As digital transformation expands exposure to evolving cyber threats, maintaining strong security and resilience remains a critical challenge
Bank guarantee risks
The company is required to furnish bank guarantees, surety bonds, and EMDs for its government contracts, and any inability to arrange or renewal issues may adversely impact cash flows and operations. Invocation of such guarantees could also affect its financial condition and overall business stability
IPO FAQs
The promoters of the company are Nambiar Raghavan Madhusoodan, Prasaktha Vakkiyl Nambiar and Martin Poovakkulam Chacko.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.