SRIT India IPO
SRIT India IPO is a mainboard IPO raising ₹218 Cr at ₹123 – ₹130 a share. It listed on 6 Oct 2026 at ₹148, +13.8% against its issue price of ₹130, and trades at ₹108 today (−16.9% since issue). It was subscribed 125× in total.
125.2 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs130 + OFS by subtraction from exchange total Rs218 Cr. Checked: exchange issue size Rs218 Cr vs derived Rs218.4 Cr (0.2% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 26% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Mastek Limited | 12.59× | 14.81% | ₹129.5 |
| Railtel Corporation of India Limited | 24.03× | 16.25% | ₹10.79 |
| Protean eGov Technologies Ltd | 19.8× | 9.69% | ₹24.7 |
| Allied Digital Services Limited | 15.52× | 5.85% | ₹6.25 |
| Aurionpro Solutions Limited | 18.62× | 13.06% | ₹37.87 |
| This issue | 13.7× | 30.23% | ₹9.47 |
derived: cut-off price Rs130 / stated EPS Rs9.47 (FY2026 diluted EPS, restated consolidated (face value ₹5)). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.