The basis of allotment for the SRIT India IPO is likely to be finalised today, October 1, following a strong response from investors. The Rs 218.40-crore public issue was subscribed 125.16 times by the time bidding closed, according to NSE data.
The IPO was offered in a price band of Rs 123-130 per share, with a lot size of 115 shares. The issue received bids for 1,47,18,85,805 shares against 1,17,60,000 shares on offer.
Non-Institutional Investors (NIIs) led the subscription, with their portion subscribed 312.99 times. The Qualified Institutional Buyers (QIBs) quota was subscribed 91.84 times, while the Retail Individual Investors (RIIs) portion was subscribed 63.70 times. The retail category had 58.80 lakh shares on offer.
Read more: Shah Investor’s Home IPO allotment today; Check status, latest GMP and likely listing price
SRIT India IPO allotment status
Shares of SRIT India are scheduled to be allotted today. Once the allotment is finalised, investors can check their application status through the official websites of the BSE, NSE or Kfin Technologies, the registrar to the issue.
Investors can check their allotment status through the following links:
Check SRIT India IPO allotment status on BSE: https://www.bseindia.com/investors/appli_check.aspx
Check SRIT India IPO allotment status on NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Check SRIT India IPO allotment status on Kfin Technologies: https://ipostatus.kfintech.com/
SRIT India IPO GMP, likely listing price
The grey market premium (GMP) for SRIT India shares remained elevated ahead of the allotment. On Thursday, the unlisted shares were trading at a premium of around Rs 41 over the upper end of the IPO price band, translating into a GMP of 31.54%, according to sources tracking grey market trends.
SRIT India shares are scheduled to debut on the NSE and BSE on Tuesday, October 6, 2026. Based on the prevailing grey market trend, the shares are expected to list at around Rs 171, representing a premium of more than 31% over the IPO's upper price band of Rs 130.
GMP Disclaimer: GMP is an unofficial market indicator and is neither a reliable nor guaranteed predictor of an IPO's actual listing price. It can fluctuate before listing.
Read more: Moneyview shares to list today; GMP signals 38% premium ahead of debut
SRIT India (SRIT) is an information technology and information technology-enabled services (IT/ITeS) solutions company that provides digital solutions, custom application development and system integration services.
Read more: A-One Steels shares to list today: Check GMP ahead of debut
The company designs, implements and operates digital platforms for government entities and enterprises in India and select overseas markets. It has implemented large-scale, mission-critical projects for central and state government bodies across India.
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
