Srit India Files IPO Papers to Fund Capex, Working Capital

• Bengaluru-based software solutions firm Srit India has filed draft IPO papers with SEBI.
• The IPO aims to raise funds for capital expenditure and working capital requirements.
• The offering consists of a fresh issue of 16.8 million equity shares.
• Srit India specializes in digital solutions and automation for healthcare, e-governance, and telecom.
• The company reported a profit of 200 million rupees on revenue of 2.326 billion rupees for H1 FY25.

Why It Matters: Srit India seeks IPO funds for expansion and operational needs, targeting growth in IT solutions.