Xtranet Technologies IPO: Check IPO Date, Live Subscription and Key Details
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.
Price Range
₹120.0 - ₹127.0
Issue Size
₹166.8 Cr
Lot Size
110 shares
IPO Type
Mainboard
GMP
₹25(+19.69%)
Est. Listing Price
₹152
Estimate Profit
₹2,750
Retail Portion
35.00%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
7.6
P/E Ratio
16.71
RoNW
31.18%
ROE
31.12%
Debt to Equity
0.41
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Timeline
IPO Opens
23 Jul
IPO Closes
27 Jul
Allotment
28 Jul
Listing
30 Jul
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 23 July 2026 | Subscription starts |
| IPO Close Date | 27 July 2026 | Subscription ends |
| Allotment Date | 28 July 2026 | Allotment |
| Listing Date | 30 July 2026 | Listing |
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%).
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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
No daily bids available.
No subscription statistics available.
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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/
Frequently Asked Questions
What does Xtranet Technologies do?
Xtranet Technologies provides IT solutions and digital transformation services, including enterprise software development, cloud infrastructure management, cybersecurity solutions, and IT consulting.
What are the IPO dates for Xtranet Technologies IPO?
The Xtranet Technologies IPO will open for subscription on July 23, 2026, and close on July 27, 2026.
What is the price band and minimum investment for Xtranet Technologies IPO?
The Xtranet Technologies IPO price band is fixed at ₹120 to ₹127 per share. Retail investors need to apply for a minimum of 1 lot (110 shares), requiring an investment of ₹13,970 at the upper price band.
What is the Xtranet Technologies IPO GMP today?
As of July 17, 2026, the Xtranet Technologies IPO Grey Market Premium (GMP) is around ₹13 per share, indicating an estimated listing price of about ₹140 and a potential listing gain of around 10.24%.
What is the Xtranet Technologies IPO listing date?
Xtranet Technologies IPO is expected to list on BSE and NSE on July 30, 2026.
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