Stories
SRIT India IPO Makes Strong Market Debut With 14% Premium
- •SRIT India shares debuted on the NSE at Rs 148 per share, marking a 13.85% premium 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.
- •The Rs 218.40-crore IPO received overwhelming response, getting subscribed 121.24 times overall during the subscription period.
- •The listing came in below the grey market premium indication of around Rs 190 to Rs 191.
- •Experts advise long-term investors to track the company's IT and digital technology services business amid growing demand.
Key Questions Answered
SRIT 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.
The Rs 218.40-crore IPO was subscribed 121.24 times overall. Specifically, Qualified Institutional Buyers subscribed 91.84 times, non-institutional investors subscribed 310.94 times, and the retail portion was subscribed 56.75 times.
Incorporated in 1999, SRIT India is a Bengaluru-headquartered IT and ITeS solutions company that provides digital solutions, custom application development, and system integration. Over the last decade, it has executed projects across healthcare, electronic governance, and telecommunication sectors for government bodies and enterprises.
