New IPO Updates: Two Public Issues Open for Subscription, Check Full Details
New IPO Updates : Investors tracking India’s primary market have two fresh public issues to consider this week. The SRIT India IPO and Shah Investors Home IPO opened for subscription on September 28 and will remain open until September 30. While SRIT India operates in the technology and IT solutions space, Shah Investors Home is a financial services company with businesses spanning stock broking, mutual fund distribution and margin trading.
For retail investors, the minimum application is for one lot of 115 shares. At the upper end of the price band, investors would need ₹14,950 to subscribe to one lot.
The company is planning to list its equity shares on both the NSE and BSE.
The company develops customised software products and IT solutions for government departments as well as large corporate organisations. Its business model focuses on providing technology-driven solutions tailored to the requirements of institutional clients.
The proposed utilisation of the IPO proceeds includes:
The company's total revenue increased to ₹426.54 crore in FY2026, compared with ₹389.35 crore in FY2025. Its net profit also rose from ₹33.60 crore to ₹43.29 crore during the same period, representing growth of around 29%.
The company reported total debt of ₹36.15 crore.
The IPO has a price band of ₹159–₹167 per share.
Retail investors can apply for a minimum of one lot, consisting of 85 shares. At the upper price band, the minimum investment required would be ₹14,195.
The IPO is also scheduled to be listed on the stock exchanges following the completion of the issue process.
Its business activities include:
Around ₹60 crore from the issue proceeds has been earmarked for working capital. A key objective is to support the expansion of its Margin Trading Facility (MTF) book.
Investors evaluating either issue should examine the respective company's financial performance, business model, valuation, industry conditions and risk factors before making any investment decision.
SRIT India IPO: Key Details
Bengaluru-based SRIT India has launched a ₹218.40 crore IPO, with the entire issue comprising a fresh issue of shares. The company has set the price band at ₹123–₹130 per share.For retail investors, the minimum application is for one lot of 115 shares. At the upper end of the price band, investors would need ₹14,950 to subscribe to one lot.
The company is planning to list its equity shares on both the NSE and BSE.
What Does SRIT India Do?
SRIT India has been operating for around 26 years and works across areas including digital software platforms, e-governance, healthcare and telecom infrastructure.The company develops customised software products and IT solutions for government departments as well as large corporate organisations. Its business model focuses on providing technology-driven solutions tailored to the requirements of institutional clients.
How Will SRIT India Use IPO Funds?
A significant portion of the money raised through the public issue is earmarked for the company's working capital needs.The proposed utilisation of the IPO proceeds includes:
- ₹124 crore for working capital requirements
- ₹12.86 crore for modernisation and redevelopment of existing software products
- Remaining funds for general corporate purposes
SRIT India Financial Performance
SRIT India reported an improvement in both revenue and profit in FY2026.The company's total revenue increased to ₹426.54 crore in FY2026, compared with ₹389.35 crore in FY2025. Its net profit also rose from ₹33.60 crore to ₹43.29 crore during the same period, representing growth of around 29%.
The company reported total debt of ₹36.15 crore.
Shah Investors Home IPO: Key Details
The second public issue opening this week is from Shah Investors Home Limited, a financial services company. The company is looking to raise ₹90.17 crore through a fresh issue of 53.99 lakh shares.The IPO has a price band of ₹159–₹167 per share.
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Retail investors can apply for a minimum of one lot, consisting of 85 shares. At the upper price band, the minimum investment required would be ₹14,195.
The IPO is also scheduled to be listed on the stock exchanges following the completion of the issue process.
What Does Shah Investors Home Do?
Shah Investors Home operates in the financial services sector and has a presence particularly across Gujarat and Maharashtra.Its business activities include:
- Stock broking
- Mutual fund distribution
- Margin Trading Facility (MTF)
- Depository services
How Will Shah Investors Home Use IPO Funds?
The company plans to use a major share of the funds raised through the IPO for working capital requirements.Around ₹60 crore from the issue proceeds has been earmarked for working capital. A key objective is to support the expansion of its Margin Trading Facility (MTF) book.
SRIT India vs Shah Investors Home IPO
The two IPOs come from very different industries. SRIT India operates in the IT and technology solutions space, with a focus on government and corporate clients. Shah Investors Home, meanwhile, is a financial services company with operations linked to stock broking and investment-related services.Investors evaluating either issue should examine the respective company's financial performance, business model, valuation, industry conditions and risk factors before making any investment decision.
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