SRIT India plans major IPO raising Rs 218 crore
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
SRIT India, an IT and IT-enabled services company based in Bengaluru, announced plans for a mainboard Initial Public Offering (IPO) that will open on September 28 and close on September 30. The company plans to raise Rs 218 crore through a fresh issue of 1.68 crore shares, with the price band set between Rs 123 and Rs 130 per share. SRIT India reported total income of Rs 462.54 crore and profit after tax of Rs 43.29 crore for FY26, marking a 15% rise in revenue and a 29% rise in profit after tax compared to FY25.
From indiatimes.com
Why it matters
The IPO represents a significant capital raise for SRIT India, which provides digital solutions and system integration services across sectors including healthcare and telecommunications. The offering is noted as the biggest mainboard IPO expected to open next week, signaling activity in the Indian IT services market.
From indiatimes.com
Who's involved
- BengaluruLocation where SRIT India is based and operates
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The entities involved
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Bengaluru
capital city of Karnataka state in India
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