SRIT India has received the Securities and Exchange Board of India’s (SEBI) approval to raise funds through initial public offering (IPO). The IPO comprises an entirely fresh issue of 1.68 crore equity shares by the company.
The company plans to use proceeds from the fresh issue for modernising existing products and redevelopment, funding its working capital requirements, achieving inorganic growth through unidentified acquisitions and general corporate purposes.
The company offers digital solutions and automations of systems for healthcare, electronic governance, and telecommunications and broadband verticals.
