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SRIT India IPO GMP Soars to 9%; Anchor Book Opens Tomorrow, Price Band Revealed
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Moneycontrol•24-09-2026, 17:14
SRIT India IPO GMP Soars to 9%; Anchor Book Opens Tomorrow, Price Band Revealed
- •SRIT India's Grey Market Premium (GMP) surged to 9% on Thursday, indicating strong investor interest ahead of its IPO.
- •The Bengaluru-based IT solutions provider will open its one-day anchor book for institutional investors on September 25.
- •The public issue is scheduled to open for subscription from September 28 to September 30, with a price band set at Rs 123-130 per share.
- •SRIT India shares are anticipated to list on the exchanges on October 6, with GMP suggesting a potential listing gain of over 9%.
- •The company specializes in digital solutions and automation for government entities and enterprises, with plans to utilize IPO proceeds for modernization, working capital, and strategic acquisitions.
Key Questions Answered
The SRIT India IPO price band is fixed at Rs 123-130 per share, with the anchor book opening on September 25, the public subscription running from September 28 to September 30, and share listing expected on October 6.
Platforms tracking grey market activities report that SRIT India shares are commanding a GMP of up to 9 percent, with Investorgain quoting a GMP of Rs 12 indicating a listing gain of 9.23 percent.
The net proceeds will be used to fund capital expenditure for modernizing existing products and redevelopment, meet working capital needs, achieve inorganic growth through unidentified acquisitions and strategic initiatives, and for general corporate purposes.
