Xtranet Technologies IPO
ListedMainboardOpens 23 July 2026Closes 27 July 2026
Xtranet Technologies Limited, incorporated in 2002, is an integrated IT solutions and digital systems provider offering end-to-end services across enterprise applications, digital transformation pipelines, managed…
Xtranet Technologies Limited, incorporated in 2002, is an integrated IT solutions and digital systems provider offering end-to-end services across enterprise applications, digital transformation pipelines, managed infrastructure networks, and strategic technology partnerships. The company designs, implements, and supports full-scale ERP platforms, data center management structures, cloud virtualization environments (IaaS, PaaS, SaaS), and customized application maintenance workflows. Operating via optimized onsite and offshore delivery models, Xtranet fields proprietary digital conversion platforms including its low-code suite 'Synergy' and the 'XtraTrust' identity tracking ecosystem. The firm derives stable recurring revenues primarily from high-volume public sector frameworks, serving major government departments and PSU clients across multiple domestic industries.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
23 Jul
IPO Closes
27 Jul
Allotment
28 Jul
Listing
30 Jul
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 23 July 2026 |
| IPO Close Date | 27 July 2026 |
| Allotment Date | 28 July 2026 |
| Listing Date | 30 July 2026 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹13,970 |
Retail (Max)Just less than ₹2,00,000 | 14 | ₹1,95,580 |
SHNI (Min)Just above ₹2,00,000 | 15 | ₹2,09,550 |
SHNI (Max)Below ₹10,00,000 | 71 | ₹9,91,870 |
BHNIAbove ₹10,00,000 | 72 | ₹10,05,840 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Funding the incremental ongoing working capital requirements of the Company to manage expanding public sector software and infrastructure fulfillment contracts (₹102.00 Cr).
- Full or partial prepayment or repayment of certain outstanding secured borrowings and short-term credit facilities availed by the Company to optimize structural finance cost parameters (₹21.99 Cr).
- Capital expenditure requirements toward the purchase, deployment, and installation of advanced computing systems and network hardware arrays (₹7.30 Cr).
- General Corporate Purposes.
Strengths
- The company establishes a Sovereign Project Execution Moat, holding a proven track record and verified compliance benchmarks in successfully deploying high-volume IT system integrations for complex Government and PSU clients.
- It houses valuable Proprietary Digital Suite Assets, controlling scalable native software ecosystems including its 'Synergy' low-code transformation suite and the localized 'XtraTrust' security platform.
- The business demonstrates Stellar Earnings Compounding, with profit after tax (PAT) expanding exponentially by 174.5% year-on-year, jumping from ₹10.94 Cr in FY24 to ₹30.03 Cr in FY25.
- The firm achieves Elite Internal Capital Efficiencies, registering strong corporate return ratios including a premium Return on Net Worth (RoNW) of 31.18% and an ROCE of 38.01%.
- It maintains a Lean Leverage Architecture, managed on a clean, conservative financial structure with a low debt-to-equity leverage multiple standing at a safe 0.41.
Weaknesses
- The operations handle Intense Public Sector Concentration, where strategic growth and absolute billing velocity remain highly dependent on government budget outlays, structural procurement timelines, and public contract renewals.
- The model requires a Substantial Working Capital Lockup, as operating large-scale enterprise contracts demands heavy liquid buffers, directing a massive ₹102.00 Crore block (over 60% of the total issue) purely into short-term working capital requirements.
- The offering meets with Conservative Unlisted Trading Demand, with initial parallel unlisted indicators reflecting quiet localized attention ahead of the opening hour, tracking at a thin grey market premium of ₹13 per share (~10.24%).
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 321.79 | 202.94 | 223.99 |
| Revenue (₹ Cr.) | 276.53 | 233.26 | 222.78 |
| PAT (₹ Cr.) | 30.03 | 10.94 | 5.98 |
| Net Worth (₹ Cr.) | 95.49 | 38.78 | 26.2 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Xtranet Technologies | 1.32 | 16.71 | 31.12% | 95.49 |
| Dynacons Systems & Solutions | 4.91 | 18.23 | 26.89% | 181.51 |
| Silver Touch Technologies | 14.69 | 69.7 | 21.06% | 105.44 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.91x | 0.91x | 7.13x |
| NII | 0.76x | 2.12x | 26.65x |
| S-HNI | 1.21x | 2.81x | 26.53x |
| B-HNI | 0.53x | 1.77x | 26.72x |
| RII | 1.4x | 2.5x | 8.98x |
| Total | 1.12x | 1.96x | 12.24x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 26,26,800 | 1,87,37,400 | 237.96 |
| NII | 19,70,100 | 5,25,09,490 | 666.87 |
| Small NII | 6,56,700 | 1,74,19,820 | 221.23 |
| Big NII | 13,13,400 | 3,50,89,670 | 445.64 |
| RII | 45,96,900 | 4,12,61,660 | 524.02 |
| Total | 91,93,800 | 11,25,08,550 | 1,428.86 |
Company Details
- Xtranet Technologies Ltd.
- Z-24, Zone - 1, M.P. Nagar, Bhopal, Madhya Pradesh, 462011
- +91 1143547623
- compliance@xtranetindia.com
- https://xtranetindia.com/
Registrar Details
- Kfin Technologies Ltd.
- 040-79615565
- xtranet.ipo@kfintech.com
- https://ipostatus.kfintech.com/
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Sources
We match Xtranet Technologies IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Kfin Technologies Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.