ANGEL RESEARCH · PART OF NUVAMA GROUPPRIMARY MARKETS INTELLIGENCE
MAINBOARD · LISTED 06 OCT 2026

SRIT India

Mainboard listing monitor focused on issue size, subscription profile and scheduled debut.

Issue Size₹218.4 Cr
Issue Price₹130
Total Subscription125.16×
Listing Price₹148
Angel Research IPO Score
7.6/10
Positive

Strong final subscription and a positive debut support the score, while GMP overshoot shows sentiment risk.

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RESEARCH FACTORSMODEL-BASED · NOT A RECOMMENDATION
Score combines public demand data, grey-market momentum, issuer/business quality and risk factors. It is an internal research framework for comparison—not an investment recommendation or predicted return.
Listing Review

Demand, GMP & actual debut

LISTED · 06 OCT 2026
ISSUE PRICE₹130
LISTING PRICE₹148
LISTING GAIN+13.85%
LAST RECORDED GMP₹62
GMP BUILD-UP₹13 → ₹62
₹1324 Sep
₹3028 Sep
₹3130 Sep
₹4801 Oct
₹5303 Oct
₹6206 Oct
Grey-market pricing materially overshot the actual opening premium, illustrating why GMP should be treated as sentiment rather than a forecast.
FINAL SUBSCRIPTION125.16× overall
NII demand dominated the book, while QIB and retail demand were also heavily oversubscribed.

Subscription profile

The offer was subscribed 125.16 times overall in public IPO tracking. Reported category demand included 91.84× QIB, 312.99× NII and 63.7× retail.

What to verify

Before trading or investing, investors should verify final allotment, listing notices, financial statements and risk factors in official exchange and issuer documents.

Market context

High subscription can reflect strong demand during the offer period, but it should not be treated as a forecast of listing gains or long-term returns.

Research sources
Economic Times mainboard IPO tracker; official exchange and issuer documents should be used for final confirmation.
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IPO investing involves market and issuer-specific risks. Subscription data, unofficial market indicators and past listing performance do not assure future returns. Review official offer documents before investing.
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