Stories
SRIT India IPO Debuts Today With Expected Strong Premium Near Rs 190
- •SRIT India shares are set to make their stock market debut on October 6 on both the NSE and BSE.
- •The Rs 218.40-crore IPO received an overwhelming response, achieving a final subscription of 125.16 times.
- •The grey market premium indicates a potential listing price of around Rs 191, translating to a gain of nearly 46.9% over the Rs 130 issue price.
- •Investors stand to make a notional gain of about Rs 7,015 per lot of 115 shares based on current grey market trends.
Key Questions Answered
SRIT India shares are set to debut on the NSE and BSE on October 6, 2026, with a strong expected premium. Driven by a robust grey market premium of nearly Rs 61 and an overwhelming overall subscription of 125.16 times, shares are anticipated to list around Rs 191 compared to the issue price of Rs 130.
The SRIT India IPO size was Rs 218.40 crore, featuring an entirely fresh issue of 1.68 crore equity shares. The price band was fixed at Rs 123 to Rs 130 per share with a lot size of 115 shares.
The maiden public issue achieved a final subscription of 125.16 times, driven by strong demand across various investor categories. Specifically, the issue reserved 50 percent for qualified institutional buyers, 35 percent for retail investors, and 15 percent for non-institutional investors.
