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SRIT India IPO opens with 25% GMP; should investors subscribe?
SRIT India is offering shares to the public in an IPO.
The IPO opens on September 28 and closes on September 30.
The company wants to raise Rs 218.4 crore.
Investors can buy shares between Rs 123 and Rs 130 each.
A small investor must buy at least 115 shares.
The unofficial market price suggests the shares could list near Rs 163.
However, this estimate is not guaranteed and can change quickly.
The shares are expected to be listed on October 6.
SRIT India’s IPO opens September 28 and closes September 30.
The company aims to raise Rs 218.4 crore through a fresh issue of 1.68 crore shares.
The price band is Rs 123-Rs 130 per share, with shares intended for listing on NSE and BSE.
Retail investors must bid for at least 115 shares, requiring Rs 14,950 at the upper price.
The unofficial grey market premium of Rs 33 suggests a possible Rs 163 listing price, but it may change with market volatility.
- Who
- SRIT India, a Bengaluru-based information technology services and digital systems integration company, is conducting the IPO.
- What
- The company is offering 1.68 crore new shares to raise Rs 218.4 crore.
- Where
- The shares are intended to be listed on NSE and BSE.
- When
- The IPO opens on September 28, closes on September 30, and is expected to list on October 6.
- Why
- SRIT India is raising funds through a public issue of fresh shares.
Key facts
- Issue size
- Rs 218.4 crore
- Fresh shares
- 1.68 crore
- Price band
- Rs 123-Rs 130 per share
- Anchor investment
- Rs 65.52 crore from anchor investors at Rs 130 per share
- Retail lot size
- 115 shares
- Minimum retail investment
- Rs 14,950 at the upper price-band limit
- Expected listing date
- October 6
Sources
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