SRIT India shares to list today with 42% GMP premium

SRIT India's shares are scheduled to list today, marking the end of the ₹218.40-crore initial public offering. The IPO comprised an entirely fresh issue of 1.68 crore shares with no offer-for-sale component.

The issue was heavily oversubscribed at 125.16 times overall. Retail investors showed strong demand with 63.70 times subscription, while qualified institutional buyers and non-institutional investors subscribed 91.84 times and 312.99 times respectively.

Grey market premium signals a 42% premium over the issue price at the time of listing, reflecting strong investor appetite for the company's shares.