IT services provider SRIT India’s Rs.218-Cr IPO subscribed 125x

Bengaluru-based SRIT India’s INR 218.4 crore initial public offering was subscribed 125.13 times overall, with the retail portion subscribed 63.64 times, the non-institutional investor category 312.98 times, and the qualified institutional buyer (excluding anchor) portion 91.84 times. Choice Capital Advisors acted as the book-running lead manager for the transaction.The IPO was entirely a fresh issue of 1.68 crore equity shares at a price band of INR 123 to INR 130 per share with no offer-for-sale (OFS) component.Founded in 1999, SRIT India provides digital solutions, custom application development, and system integration services. The company designs, implements, and operates digital platforms for government entities and enterprises across sectors such as healthcare, electronic governance, telecommunications, and broadband.