SRIT India IPO allotment begins; listing scheduled for October 6

SRIT India's IPO has concluded its subscription period with robust investor interest, recording a subscription multiple of 125.16 times across all categories. Non-institutional investors (NIIs) led the demand surge, with their portion oversubscribed 312.99 times, reflecting strong appetite for the offering among retail and corporate investors.

The allotment status for the IPO is now available on the BSE and NSE platforms, as well as through KFinTech, the IPO registrar handling the share allocation process. Investors can check their allotment status through these designated channels using their application reference numbers and personal details.

The company's shares are scheduled to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 6, marking the conclusion of the listing process. This timing comes after the completion of the allotment phase, allowing successful bidders to receive their shares ahead of market debut.

The strong subscription multiples underscore investor confidence in SRIT India's business prospects and growth potential. The overwhelming response, particularly from non-institutional investors, suggests significant market appetite for the company's shares as it enters public markets.