Investors looking at new opportunities in the primary market have two IPOs to consider this week. SRIT India, a Bengaluru-based IT company, and Shah Investors Home, a Gujarat-based financial services firm, have opened their initial public offerings today, September 28.
Both IPOs will remain open for subscription until September 30. While SRIT India operates in the technology and IT services space, Shah Investors Home is involved in broking and other financial services.
SRIT India IPO: Price Band, Lot Size and Issue Size
The SRIT India IPO has a total issue size of ₹218.40 crore and consists entirely of a fresh issue of shares. The company has set the price band at ₹123 to ₹130 per share.
Retail investors can bid for a minimum of one lot, consisting of 115 shares. At the upper end of the price band, the minimum investment required is ₹14,950. Following the IPO, SRIT India shares are proposed to be listed on both the NSE and BSE.
With 26 years of experience, SRIT India operates across areas including digital software platforms, e-governance, healthcare and telecom infrastructure. The company develops customised software and IT solutions for government departments and large corporate organisations.
Of the funds raised through the IPO, ₹124 crore is planned for working capital requirements. Another ₹12.86 crore will be used for modernising and redeveloping existing software products, while the remaining amount will be used for general corporate purposes.
SRIT India Financial Performance
SRIT India’s revenue increased to ₹426.54 crore in financial year 2026 from ₹389.35 crore in financial year 2025.
The company also reported growth in net profit. Its profit increased by 29% to ₹43.29 crore in FY2026, compared with ₹33.60 crore in the previous financial year. The company’s total debt stood at ₹36.15 crore.
Shah Investors Home IPO: Issue Size and Investment Details
Shah Investors Home Limited is also opening its IPO from September 28 to September 30. The company plans to raise ₹90.17 crore through the issue, which comprises a fresh issue of 53.99 lakh shares.
The price band has been fixed at ₹159 to ₹167 per share. Retail investors need to apply for at least one lot of 85 shares. At the upper price band, the minimum investment comes to ₹14,195.
Shah Investors Home operates in financial services, with businesses including stock broking, mutual fund distribution, margin trading facilities (MTF) and depository services. Its network is primarily spread across Gujarat and Maharashtra.
The company plans to use ₹60 crore from the IPO proceeds for working capital requirements, mainly to expand its margin trading facility (MTF) book.
Disclaimer
This article is intended for informational purposes only and is based on the details provided in the source material. IPO prices, subscription details, financial figures and company plans are subject to change or official updates. This article should not be considered investment advice. Investors should review the official IPO documents and conduct their own research before making any investment decision.