SRIT India lists at 14% premium after 125x IPO subscription

SRIT India made a strong market debut, listing at ₹148 on the NSE, a 13.85% premium to its ₹130 issue price. The ₹218.40 crore IPO was subscribed 125.16 times, supported by strong institutional, non-institutional and retail demand, while the company continues to rely heavily on government-linked business.