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SRIT India IPO: Over 125x Oversubscribed!
1 Oct
Summary
- SRIT India IPO oversubscribed 125.16 times.
- Refunds for non-allottees expected October 5.
- Shares scheduled to list on October 6.
The share allotment status for the SRIT India IPO, which concluded on September 30, is set to be finalized today, October 1. Investors eagerly await the outcome of the initial public offering that saw an overwhelming response, being oversubscribed a remarkable 125.16 times.
Refunds for investors who did not receive an allotment are expected on October 5, with successful allottees seeing their shares credited to Demat accounts on the same date. The much-anticipated listing of SRIT India on the BSE and NSE is scheduled for Tuesday, October 6.
The IPO, priced between Rs 123 and Rs 130 per share, garnered significant demand across all investor categories. Non-Institutional Investors led the surge, subscribing 312.99 times their allocated quota, followed by Qualified Institutional Buyers at 91.84 times, and Retail Investors at 63.70 times.
SRIT India, based in Bengaluru, specializes in IT and IT-enabled services, focusing on modernizing technology infrastructure for clients in healthcare, e-governance, and telecommunications. The company's IPO was a book-building issue worth Rs 218.40 crore, comprising a fresh issue of 1.68 crore equity shares.
