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SRIT India shares make their stock market debut on Tuesday at Rs 148 per share on the NSE, marking a gain of Rs 18 or 13.85% over the IPO issue price of Rs 130.
SRIT India IPO Listing.
SRIT India IPO Listing: SRIT India shares made their stock market debut on Tuesday at Rs 148 per share on the NSE, marking a gain of Rs 18 or 13.85% over the IPO issue price of Rs 130. The listing is, however, below the earlier grey market indication of around Rs 190-191.
On the BSE, the stock settled at Rs 139.80 in the pre-open segment, which is a 7.54 per cent premium over the issue price.
The Rs 218.40-crore IPO had received a strong response from investors during the subscription period, with the issue getting subscribed 121.24 times overall. Qualified Institutional Buyers (QIBs) subscribed 91.84 times, while the non-institutional investor category was subscribed 310.94 times. The retail portion was subscribed 56.75 times.
At the debut price of Rs 148, an investor who received one lot of 115 shares would have a notional gain of Rs 2,070 over the IPO cost of Rs 14,950, based on the Rs 130 issue price.
The stock’s debut also came in below the grey market premium (GMP) indication. A GMP of around Rs 61 had suggested a potential listing price of nearly Rs 191. However, GMP is an unofficial indicator and does not necessarily translate into the actual listing price.
SRIT India IPO Listing Share Price: Should You Buy, Sell Or Hold?
Ravi Singh, chief research officer at Master Capital Services, said, “It made a decent debut in the Indian stock market today, listed at Rs 148 on BSE, a premium of 13.85% over its issue price of Rs 130 and on NSE, it listed at Rs 139.80, up 7.54% from issue price. The company, incorporated in 1999, is a Bengaluru-headquartered Information Technology and Information Technology enabled Services (IT/ITeS) solutions company offering digital solutions and automations of systems through custom application development and integration services. The company have a track record of twenty-six years in designing, implementing and operating digital platforms for Government entities and Enterprises in India and select overseas markets. It has successfully implemented large-scale, mission-critical projects for both central and state government bodies across India.”
In the last decade, it has executed more than 103 projects with a total order value of Rs 12,347.16 million across healthcare, electronic governance and telecommunication and broadband sectors catering to both Government as well as Enterprises. The Indian SaaS industry is projected to grow at a strong CAGR of 18.3% between FY 2022 and FY 2030, expanding from $13 billion to $50 billion. This rapid growth is attributed to the rising adoption of cloud-based solutions, growing digitalisation across industries, and a global shift toward scalable subscription-based software models. The key factors to track will be whether the company can sustain revenue growth, improve profitability and execute its expansion plans while maintaining healthy cash flows, he added.
“Long-term investors may continue to track the company’s IT and digital technology services business, supported by increasing demand for digital transformation and technology infrastructure,” Singh said.
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Ask News18SRIT India shares made their stock market debut on Tuesday at Rs 148 per share on the NSE, marking a gain of 13.85% over the IPO issue price of Rs 130. On the BSE, the stock settled at Rs 139.80 in the pre-open segment, reflecting a 7.54% premium.
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Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More
October 06, 2026, 10:01 IST
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