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SRIT India IPO Fully Subscribed on Day 1, Retail Portion Overbooked
M
Moneycontrol•28-09-2026, 18:28
SRIT India IPO Fully Subscribed on Day 1, Retail Portion Overbooked
- •SRIT India's IPO was fully subscribed on its first day, with the retail portion booked 1.61 times.
- •The IT solutions provider aims to raise Rs 218.4 crore through the IPO, valuing the company at Rs 835.5 crore.
- •The price band for the public issue is set at Rs 123-130 per share.
- •SRIT India plans to use Rs 15.3 crore for product modernization and redevelopment, and Rs 124 crore for working capital.
- •Share allotment is expected by October 1, with trading commencing on October 6.
Key Questions Answered
The SRIT India IPO was fully subscribed on its first day of bidding on Monday, receiving bids for over 1.17 crore shares against the 1.17 crore shares on offer. The retail portion was booked 1.61 times, while the non-institutional investors portion achieved a 90 percent subscription.
The price band for the SRIT India initial public offering has been set at Rs 123-130 per share. Through this maiden public issue, the company aims to raise a total of Rs 218.4 crore.
The share allotment for the SRIT India IPO is expected to be finalized by October 1, and the trading of its shares on the bourses is scheduled to commence on October 6.
