Mumbai, India – October 6, 2026, marked a positive entry into the Indian stock market for two companies, SRIT India and Shah Investor's Home. Both firms saw their shares list at a premium on their debut day, collectively raising Rs 308 crore through their initial public offerings (IPOs).
SRIT India's Market Entry Exceeds Expectations
IT solutions provider SRIT India commenced trading on Tuesday, October 6, listing at a premium of 13.85 percent on the BSE. The shares opened at Rs 148 against an issue price of Rs 130. On the NSE, SRIT India settled with a 7.54 percent premium, trading at Rs 139.80. This debut offered investors a profit of Rs 2,070 per allotted lot.
While the listing was positive, it fell short of grey market premium (GMP) expectations, which had suggested a potential listing pop of 46-48 percent, with GMP ranging from Rs 60-62 per share. The SRIT India IPO, priced between Rs 123-130 per share with a lot size of 115 equity shares, successfully raised Rs 218 crore. The offering was significantly oversubscribed by 125.16 times, attracting over 40.98 lakh applications. Choice Capital Advisors served as the sole book running lead manager, with Kfin Technologies Ltd as the registrar.
Shah Investor's Home Listing Performance
Retail broking firm Shah Investor's Home also made its D-Street debut on October 6, listing at a modest premium of 2.4 percent. Shares opened at Rs 171 on both the NSE and BSE, against an issue price of Rs 167. This provided investors with a profit of Rs 340 per allotted lot.
Similar to SRIT India, Shah Investor's Home's listing was below its grey market premium forecast, which had indicated a 9-10 percent pop, with GMP around Rs 15-17 per share. The company's IPO, offered in the price band of Rs 159-167 per share with a lot size of 85 equity shares, raised Rs 90 crore. The issue was subscribed 38.12 times, receiving nearly 4.2 lakh applications. Beeline Capital Advisors acted as the sole book running lead manager, and MUFG Intime India was the registrar for the issue.
Both companies had their IPOs open for subscription between September 28 and September 30, culminating in their successful, albeit varied, market debuts today.