Bengaluru-headquartered SRIT India has opened its initial public offering, seeking as much as ₹218.4 crore through an entirely fresh issue of equity shares. The mainboard offer is open from September 28 to September 30 at a price band of ₹123 to ₹130 per share, with listing on the BSE and NSE scheduled for October 6.
The issue comprises 16.8 million shares. At the upper end of the price band, the company is seeking a valuation of approximately ₹835.5 crore. Promoter and promoter-group ownership is expected to decline from about 84.7% before the issue to approximately 62.6% afterward. Choice Capital Advisors is the sole merchant banker, while Kfin Technologies is the registrar.
SRIT provides digital solutions, custom-application development, systems integration and IT-enabled services to government agencies and enterprise customers in India and selected overseas markets. Its platforms cover areas including healthcare administration, e-governance, telecommunications, broadband and utilities. The company’s Renaissance Health Enterprise Suite supports hospital, clinical, laboratory, radiology, intensive-care, emergency, operating-theatre and revenue-cycle functions.
The company plans to use the proceeds for modernising existing products, redeveloping technology platforms and meeting working-capital requirements. Funds have also been allocated for acquisitions and other strategic initiatives that had not been identified when the offer documents were prepared. The capital programme aligns with SRIT’s stated strategy of expanding proprietary platforms, increasing recurring cloud-enabled revenue and broadening its domestic and international presence.
Revenue reached ₹450 crore in the financial year ended March 2026, up 15.6% from ₹389.35 crore in FY25 and ₹271.09 crore in FY24. Profit after tax increased to ₹43.29 crore from ₹33.6 crore and ₹29.08 crore, respectively, over the same period. Earnings before interest and tax were ₹56.17 crore in FY26, while net worth stood at ₹193.84 crore.
The company remains heavily dependent on public-sector business. Government customers contributed 89.41% of FY26 revenue, with enterprises accounting for the remaining 10.59%. Its order book stood at ₹1,182.8 crore at the end of FY26, compared with ₹1,476.9 crore in FY25 and ₹1,216 crore in FY24. That concentration places government procurement cycles, project execution and receivable management among the operational variables disclosed around the offer.
SRIT enters the public market alongside established digital-transformation, systems-integration and e-governance companies including Allied Digital Services, Aurionpro Solutions, Mastek and Protean eGov Technologies. The IPO gives the company primary capital for its technology roadmap without an offer-for-sale component transferring proceeds to existing shareholders.
