Niva Market Watch

Srit India Limited IPO

listed · NSE · Bookbuilding IPO

Srit India Limited IPO was a ₹218 crore book-built issue on NSE with a price band of ₹123–₹130 per share, open for bidding from 28 Sep 2026 to 30 Sep 2026.

Last updated: · How we collect data

Company overview

Website
https://www.sritindia.com/

IPO overview

Srit India Limited raised ₹218 crore through a book-built issue, made up entirely of new shares, so the proceeds go to the company.

Bids were accepted within a price band of ₹123–₹130 per share; the final issue price is set within this band after bidding closes.

The shares listed on NSE on 6 Oct 2026.

Choice Capital Advisors Pvt.Ltd. was the book-running lead manager and Kfin Technologies Ltd. is the registrar, which processes applications, allotment and refunds.

Stated objects 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.

Issue type
Bookbuilding IPO
Issue structure
Fresh capital only
Issue size
₹218 crore
Price
₹123–₹130 per share
Exchange
NSE
Lead manager
Choice Capital Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.

IPO timeline

  1. Bidding opens 28 Sep 2026
  2. Bidding closes 30 Sep 2026
  3. Basis of allotment 1 Oct 2026
  4. Refunds / unblocking 5 Oct 2026
  5. Shares credited to demat 5 Oct 2026
  6. Listing 6 Oct 2026

Bidding ran from 28 Sep 2026 to 30 Sep 2026.

After bidding, the basis of allotment was due on 1 Oct 2026, refunds / unblocking of funds were due on 5 Oct 2026 and shares were due to be credited to demat accounts on 5 Oct 2026.

The shares listed on 6 Oct 2026.

Subscription summary

By the close of bidding, the issue was subscribed 125.16× overall (last figure recorded 30 Sep 2026).

By category: qualified institutional buyers (QIB) 91.84×, non-institutional investors (NII) 312.99× and retail investors 63.70×.

Recorded day by day: 29 Sep 4.16× and 30 Sep 125.16×.

Bids were received for 125.16× the shares available, so not every applicant in an oversubscribed category will receive shares.

CategorySubscribed (as of 30 Sep 2026)
QIB91.84×
NII312.99×
Retail63.70×
Overall125.16×

Grey market premium (unofficial)

The last grey market premium (GMP) we recorded for this issue was ₹57 on 5 Oct 2026, equal to 43.8% of the upper price band.

Across 12 readings between 24 Sep 2026 and 5 Oct 2026, the quoted GMP ranged from ₹21 to ₹57.

We do not yet record actual listing prices, so this page does not compare the GMP with where the shares opened.

  • GMP is unofficial: it is not published or verified by NSE, BSE or SEBI, changes quickly, and is not a forecast or guarantee of the listing price.

Allotment

The basis of allotment was due on 1 Oct 2026. Applicants can check their status using their PAN, application number or demat account details.

The registrar, Kfin Technologies Ltd., processes allotment; check status on its website or the exchange's application-status page.

Offer documents

Where the offer document differs from any figure on this page, the document prevails.

Sources and data methodology

NSE & BSE public-issue data; Chittorgarh and InvestorGain (fill gaps only); InvestorGain live subscription report (third-party); InvestorGain grey market report (unofficial); Chittorgarh allotment calendar. Methodology · Report an error

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