On Tuesday, SRIT India’s debut on the NSE saw shares open at ₹148, a 13.85% premium to the ₹130 IPO price, while BSE opened at ₹139.80, a 7.54% premium—illustrating a dual‑exchange first‑day surge.
The IPO attracted a record 125.16× total subscription: retail investors bought 63.70×, qualified institutional buyers 91.84×, and non‑institutional investors 312.99×, against a price band of ₹123–₹130 set on September 28.
A grey‑market premium of about 42% on the issue price further underscored market demand, hinting at expectations of a stronger listing gain than the 13.85% NSE opening.
FY26 financials show a 15% year‑on‑year rise in total income to ₹463 crore and a 26.5% jump in profit after tax to ₹43 crore, signalling solid top‑line and bottom‑line momentum for the Bengaluru‑based IT services firm.
The company plans to deploy the ₹218.40‑crore net IPO proceeds mainly into capital expenditure and working capital—₹12.86 crore earmarked for product modernisation and ₹124 crore for liquidity, with the balance earmarked for strategic acquisitions and general corporate purposes.
Investors will watch the next earnings release to gauge whether the capital infusion translates into accelerated growth and whether SRIT India can maintain its competitive edge in the healthcare, e‑governance and telecom verticals.