Srit India, one of the leading IT & Technology Companies in India, submitted its Draft Red Herring Prospectus to the market regulator, SEBI, with the aim of raising funds via an Initial Public Offering (IPO).
This IPO consists solely of a fresh issue of 1.68 crore equity shares, no Offer-for-Sale component, with a face value of ₹5 each.
From the fresh issue, a fund of ₹15.3 crore will be utilized to modernise its existing products and for redevelopment. The proceeds of ₹124 crore will be used to meet its working capital needs. Lastly, the remaining funds will be utilized towards inorganic growth and general corporate purposes.
- Promoters: Nambiar Raghavan Madhusoodan, his wife Prasaktha Vakkiyl Nambiar, and Martin Poovakkulam Chacko holds 86.55% in SRIT India.
- Public shareholding: 13.45%
Key public shareholders:
- Fortune Hands Growth Fund: 1.11%
- Navbharat Investment Trust: 1.11%
Mastek, Railtel Corporation of India, Protean eGov Technologies, Allied Digital Services, and Aurionpro Solutions are the peer competitors of the company.
Srit India is an IT and IT-enabled services (IT/ITeS) company that offers digital solutions and system automation through custom application development and integration services. Their solutions cater to healthcare, electronic governance, and telecommunications industries.
In FY25, the company generated a revenue of ₹389.3 crore from operations, a 43.7% rise compared to the revenue of ₹271 crore in the previous year. In FY25, the Profit increased by ₹33.65 crore, compared to ₹29 crore in the previous year.
The book-running lead manager of the issue is Choice Capital Advisors. While the equity shares of the IPO are proposed to be listed on NSE Limited and BSE Limited.
Srit India IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Srit India Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹162.93 | ₹141.31 | ₹15.04 |
| 2024 | ₹282.22 | ₹243.88 | ₹29.08 |
| 2025 | ₹400.5.0 | ₹354.31 | ₹33.60 |
| Sep 2025 | ₹237.52 | ₹209.94 | ₹19.92 |
Srit India IPO Valuation – FY2025
Srit India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.20 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 38.76% |
| Net Asset Value (NAV): | ₹23.02 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
| Mastek Limited | 121.78 | 17.5 | 16.53 | 795.85 | 3,455.23 Cr. |
| Railtel Corporation of India Limited | 9.34 | 35.99 | 15.67 | 62.31 | 3,477.50 Cr. |
| Protean eGov Technologies Ltd | 22.83 | 28.31 | 9.61 | 246.32 | 840.70 Cr. |
| Allied Digital Services Limited | 4.98 | 25.22 | 4.71 | 106.73 | 807.07 Cr. |
| Aurionpro Solutions Limited | 34.72 | 27.76 | 15.3 | 279.89 | 1,172.97 Cr. |
Objects of the Issue
- Funding of capital expenditure requirements towards modernization of existing products and redevelopment
- Funding working capital requirements of our Company; and
- Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
