Xtranet Technologies IPO: Price Band, Lot Size, Financials & Review
Xtranet Technologies IPO listed on BSE & NSE on Thu, 30 Jul 2026. The issue was subscribed 12.24x overall.
- Open Date
- 23 Jul 2026
- Close Date
- 27 Jul 2026
Last updated
- Price band
- ₹120 – ₹127
- Lot size
- 110 shares
- Min. investment
- ₹13,970
- Issue size
- ₹166.8 Cr
- Last GMP
- +₹14
- Subscribed
- 🔥 12.24x
Xtranet Technologies IPO details
Xtranet Technologies IPO is a ₹166.8 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Thu, 23 Jul 2026 to Mon, 27 Jul 2026. Allotment was finalised on Tue, 28 Jul 2026, and the shares listed on BSE & NSE on Thu, 30 Jul 2026.
The price band is ₹120 to ₹127 per share and the lot size is 110 shares, so the minimum retail application is ₹13,970. Retail investors can apply for up to 14 lots (1,540 shares, ₹1,95,580).
KFin Technologies Limited is the registrar, and Share India Capital Services Private Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Xtranet Technologies IPO GMP before listing was +₹14 (+11.02% against the upper price band of ₹127), implying an estimated listing price of ₹141. Across 10 days of tracking, GMP ranged from +₹7 (25 Jul) to +₹18 (21 Jul).
| Last GMP | +₹14 |
|---|---|
| GMP vs upper band | +11.02% |
| Estimated listing price | ₹141 |
| Highest (21 Jul) | +₹18 |
| Lowest (25 Jul) | +₹7 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Xtranet Technologies IPO day-wise GMP.
Subscription
Day-wise subscription →Xtranet Technologies IPO was subscribed 12.24x overall: QIB 7.13x, NII 26.65x and retail 8.98x.
| Category | Subscribed |
|---|---|
| QIB | 7.13x |
| NII | 26.65x |
| └ bNII (above ₹10 lakh) | 26.72x |
| └ sNII (₹2–10 lakh) | 26.53x |
| Retail | 8.98x |
| Total | 12.24x |
Final figures at the close of bidding on 27 Jul 2026. Category-wise bids, application-wise breakup and allotment chances are on the Xtranet Technologies IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 26,26,800 | 28.57% |
| Non-Institutional | 19,70,100 | 21.43% |
| └ BNII | 13,13,400 | 14.29% |
| └ SNII | 6,56,700 | 7.14% |
| Retail Investors | 45,96,900 | 50.00% |
| Total | 91,93,800 | 100.00% |
Xtranet Technologies IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹13,970 |
| Retail (Max) | 14 | 1,540 | ₹1,95,580 |
| S-HNI (Min) | 15 | 1,650 | ₹2,09,550 |
| S-HNI (Max) | 71 | 7,810 | ₹9,91,870 |
| B-HNI (Min) | 72 | 7,920 | ₹10,05,840 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹127, the issue is priced at 12.21x pre-issue earnings and 16.30x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 35.51x (3 companies).
Promoter holding falls from 83.63% before the issue to 62.63% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹10.4 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 12.21x |
| EPS (post-issue) EPS on the enlarged share capital | ₹7.79 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 16.30x |
| Promoter holding (pre-issue) | 83.63% |
| Promoter holding (post-issue) | 62.63% |
Xtranet Technologies Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹276.53 Cr to ₹366.01 Cr, and profit after tax rose from ₹30.03 Cr to ₹40.73 Cr. The PAT margin for 31 Mar 2026 was 11.13%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 341.97 | 321.79 | 202.94 |
| Total Income | 366.01 | 276.53 | 233.26 |
| Profit After Tax | 40.73 | 30.03 | 10.94 |
| Net Worth | 136.01 | 95.49 | 38.78 |
| Reserve & Surplus | 96.40 | 87.47 | 31.71 |
| Total Borrowings | 85.45 | 39.24 | 41.19 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 34.78 | 44.31 | 33.09 |
| ROCE % | 32.52 | 39.59 | 30.53 |
| Debt / Equity | 0.63 | 0.41 | 1.02 |
| RoNW % | 29.60 | 31.15 | 28.38 |
| Pat Margin % | 11.15 | 10.88 | 4.70 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Xtranet Technologies Ltd | 10 | — | 10.28 | 10.28 | 29.60% | 34.74 |
| Silver Touch Technolo gies Ltd | 10 | 63.65 | 2.82 | 2.82 | 21.06% | 13.38 |
| Dynacon s Systems & Solutions Ltd | 10 | 20.20 | 66.64 | 66.64 | 26.89% | 247.59 |
| Coforge Limited | 10 | 35.51 | 44.30 | 44.30 | 16.31% | 252.61 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company |
| 2 | Capital expenditure by our Company for purchase of Systems and Hardware |
| 3 | To Meet Working Capital Requirements |
| 4 | General corporate purposes |
About Xtranet Technologies Limited
Incorporated in 2002, Xtranet Technologies Limited is an integrated Information Technology (IT) solutions provider offering comprehensive end-to-end technology services. The company specializes in enterprise applications, digital transformation, managed IT services, proprietary technology platforms, and strategic technology partnerships. It caters to a diverse customer base across government, public sector undertakings (PSUs), and private enterprises through a combination of onsite and offshore delivery models, supported by its subsidiaries, joint ventures, and in-house technology platforms.
Business Offerings
The company's service portfolio includes:
- Enterprise Applications: ERP implementation, customization, support and maintenance, application development and maintenance, IT system integration, network and security solutions, virtualization and cloud integration, data centre management, and other enterprise IT services.
- Managed Services: End-to-end infrastructure management services, including the design, deployment, operation, optimization, and modernization of clients' IT infrastructure.
- Digital Services: Cloud-based solutions comprising Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), digital transformation consulting, and cloud migration services.
- Proprietary Platforms: Development and deployment of its in-house technology platforms, including Synergy, a low-code digital transformation platform, and XtraTrust, a platform focused on secure digital workflows and enterprise trust solutions.
The company generates revenue through a diversified business model comprising fixed-price projects, time-and-material (T&M) contracts, and recurring managed service agreements, providing a stable revenue stream. A significant portion of its business is derived from Government departments and Public Sector Undertakings (PSUs), reflecting its strong presence in the public sector IT services market.
As of March 31, 2025, Xtranet Technologies Limited had a workforce of 242 permanent employees, supporting its operations across various service lines and customer engagements.
Promoters
- Sukhbir Singh Kukreja
- Jogendrapal Singh Alagh
- Shiney Sukhbir
Contact details
Xtranet Technologies Ltd. Address
Z-24, Zone - 1,
M.P. Nagar
Bhopal, Madhya Pradesh, 462011
Telephone: +91 1143547623
Email:compliance@xtranetindia.com
Website:https://xtranetindia.com/
Xtranet Technologies IPO FAQs
- What is the Xtranet Technologies IPO price band?
- The Xtranet Technologies IPO price band is ₹120 to ₹127 per share.
- What is the Xtranet Technologies IPO lot size and minimum investment?
- The Xtranet Technologies IPO lot size is 110 shares. The minimum retail investment is ₹13,970 for one lot at the upper price band. Retail investors can apply for up to 14 lots (1,540 shares), costing ₹1,95,580.
- When was Xtranet Technologies IPO open for subscription?
- Xtranet Technologies IPO was open for subscription from Thu, 23 Jul 2026 to Mon, 27 Jul 2026.
- What is the Xtranet Technologies IPO subscription status?
- Xtranet Technologies IPO was subscribed 12.24x overall: QIB 7.13x, NII 26.65x and retail 8.98x. Day-wise and category-wise figures are on the subscription page.
- What was the Xtranet Technologies IPO GMP before listing?
- The last Xtranet Technologies IPO GMP before listing was +₹14 (+11.02% against the upper price band of ₹127), implying an estimated listing price of ₹141. Across 10 days of tracking, GMP ranged from +₹7 (25 Jul) to +₹18 (21 Jul). GMP is an unofficial grey market indicator and can change quickly.
- What is the Xtranet Technologies IPO allotment date?
- The Xtranet Technologies IPO basis of allotment was finalised on Tue, 28 Jul 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Xtranet Technologies IPO listing date?
- Xtranet Technologies IPO listed on BSE & NSE on Thu, 30 Jul 2026.
- Is the Xtranet Technologies IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Xtranet Technologies IPO?
- The registrar for the Xtranet Technologies IPO is KFin Technologies Limited, and the book running lead manager is Share India Capital Services Private Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.