Business
SRIT India files Rs 218 crore mainboard IPO
The Hindu BusinessLine··2d ago
SRIT India plans to raise Rs 218 crore through a mainboard IPO priced at Rs 123 to Rs 130 per equity share. The issue opens Monday and offers 1.68 crore equity shares. Choice Capital Advisors is book-running lead manager and Kfin Technologies is registrar. As of June the order book stood at Rs 1,205 crore.
Prism
What It Means For You
- Investors can subscribe when the issue opens Monday at Rs 123 to Rs 130 a share.
- Proceeds are earmarked for product modernisation, working capital and strategic growth.
- Government and enterprise digital-platform clients sit at the core of SRIT's order book.
What's Happening
- Managing Director Nambiar Raghavan Madhusoodan said the firm builds mission-critical platforms across e-governance, telecom and healthcare.
- FY26 operating EBITDA was Rs 65 crore and PAT Rs 44 crore.
- Ratiraj Tibrewal of Choice Capital cited a track record on large digital transformation projects.
Where the money goes
- SRIT designs and operates digital platforms for Indian and select overseas government and enterprise clients.
- The company is listing on the mainboard rather than an SME platform.
- Net proceeds also cover inorganic growth and general corporate purposes.
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