Srit India IPO
Srit India Limited (SRIT) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 October 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +18.9% (likely range +15% to +39%), day's high +26.7%, chance of a gain 97%. Actual: +13.8% at the open, +19.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 33,60,000 | 30,85,70,990 | 91.8x | |
| NII (HNI) total | 25,20,000 | 78,87,35,205 | 313x | |
| Big NII (above ₹10 lakh) | 16,80,000 | 59,77,40,330 | 356x | |
| Small NII (₹2-10 lakh) | 8,40,000 | 19,09,94,875 | 227x | |
| Retail | 58,80,000 | 37,45,79,610 | 63.7x | |
| Total | 1,17,60,000 | 1,47,18,85,805 | 125x |
Bids on NSE and BSE together, as published by NSE, as of 30 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 22% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Srit India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Kronox Lab SciencesLimitedJun 2024 | 89.0x | 303x | 55.7x | 118x | ₹130 Cr | +21.3% | +21.8% |
| Saraswati Saree DepotAug 2024 | 64.1x | 359x | 61.9x | 108x | ₹280 Cr | +21.2% | +27.3% |
| Nova AgritechJan 2024 | 79.3x | 224x | 77.1x | 109x | ₹148 Cr | +34.1% | +40.9% |
| Diffusion EngineersSep 2024 | 95.7x | 208x | 85.6x | 114x | ₹158 Cr | +15.2% | +20.9% |
| Easy Trip PlannersMar 2021 | 77.5x | 382x | 70.4x | 159x | ₹513 Cr | +13.5% | +25.1% |
| VMS TMTSep 2025 | 121x | 227x | 47.9x | 102x | ₹148 Cr | +6.0% | +6.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Choice Capital Advisors | 9 | +24.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Srit India IPO price band and lot size? ₹123–130 per share, with a lot of 115 shares, so the smallest retail bid is ₹14,950.
How many times has it been subscribed? 125x overall: QIB 91.8x, NII 313x, retail 63.7x.
How did it list? It opened at ₹148, +13.8% against the issue price of ₹130, and closed its first day +19.3%.
