IPO · Enterprise Software & IT

Srit India files draft IPO papers with Sebi

By Startup Enthusiast · 31 January 2026

What they do

Srit India delivers technology services and automated platforms catering to healthcare, digital governance, and telecommunication sectors

The company has submitted preliminary registration papers to the Securities and Exchange Board of India to launch an initial public offering

The proposed public offering consists entirely of a fresh issue of 1.68 crore equity shares to fund capital expenditure and working capital

Bengaluru-based software solutions provider Srit India has submitted draft papers to the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering.
The share sale consists entirely of a brand-new issuance totaling 1.68 crore equity shares by the enterprise.
The proceeds from the public offering will be utilized for capital expenditure, including the modernisation and redevelopment of existing products.
The company will allocate Rs 15.3 crore specifically for upgrading its existing software offerings and product redevelopment.
A substantial portion amounting to Rs 124 crore of the proceeds will be directed toward funding working capital requirements.
Additional capital from the offering will finance external expansion via unannounced buyouts alongside general corporate needs.

The information technology solutions provider reported a profit of Rs 20 crore on a revenue of Rs 232.6 crore for the six-month period that ended in September 2025.
Annual financial performance showed profit growing by 15.8 percent to Rs 33.65 crore in fiscal 2025, compared to Rs 29 crore in the previous year.
Revenue during the corresponding fiscal period surged by 43.6 percent to Rs 389.3 crore, increasing from Rs 271 crore previously.

Srit India designs and implements digital solutions and system automations for large-scale operations across multiple industrial verticals.
The healthcare vertical offers integrated information technology solutions such as hospital information systems, revenue cycle management, and digital health platforms.
The electronic governance vertical provides technology solutions and system integration services to government clients and enterprises to build secure infrastructure.
The telecommunications and broadband vertical delivers networking, connectivity, system integration, and managed services for telecom and digital infrastructure projects.
Notable projects include the Kerala Fibre-Optic Network (KFON) project and an AI-driven traffic enforcement system implemented for Keltron in Kerala.
The company operates internationally with projects completed across more than 21 countries since its inception.
Revenue is generated through system implementation, software customization, data migration, integration, and annual maintenance service contracts.

Fortune Hands Growth Fund (existing) — Public shareholder holding a minor stake in Srit India.
Navbharat Investment Trust (existing) — Public shareholder holding a minor stake in Srit India.