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Xtranet Technologies IPO
Price Band
₹120.0–127.0
Issue Size
₹166.8 Cr
Lot Size
110 shares
Min Investment
₹13,970
GMP
+₹14.5 (11.42%)
Issue Price
₹127.0
Subject to Sauda
₹1200
Paid only if allotted
Xtranet Technologies IPO AI Summary
- Xtranet Technologies IPO is listed on BSE, NSE in the IT Enabled Services sector.
- Price band: ₹120.0–₹127.0 per share, lot size 110 shares (min. investment ₹13,970).
- Subscription window: 23 Jul–27 Jul 2026, listing on 30 Jul 2026.
- Current GMP is +₹14.5 (11.42%), an estimated listing price of ₹142 — unofficial and can change daily.
Xtranet Technologies is an established IT solutions provider with a strong focus on government and PSU clients. The company is seeking to raise ₹166.8 Cr through its IPO, with a strong subscription response across various investor categories. The financials indicate a healthy growth trend in revenue and profit, making it a noteworthy consideration for potential investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Xtranet Technologies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Jul 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
12.24x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
7.13x
|
7.13x |
| NII (HNI) |
26.65x
|
27x ✓ |
| ↳ bNII (>₹10L) |
26.72x
|
27x ✓ |
| ↳ sNII (<₹10L) |
26.53x
|
27x ✓ |
| Retail (RII) |
8.98x
|
8.98x |
| Total | 12.24x | 12.24x |
Auto-updated every 5 min · As of 27th Jul 2026 18:56
Xtranet Technologies IPO Grey Market Premium (GMP) Today
GMP
+₹14.5
GMP %
+11.42%
Est. Listing
₹141.5
Updated: 30 Jul 2026 08:15
GMP Trend (Last 13 Days)
About the Company
Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider offering end-to-end services such as enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships. The company serves customers across industries. Its services are delivered through a mix of onsite and offshore models, supported by subsidiaries, joint ventures, and in-house platforms. Business Offerings: Enterprise Applicationse., ERP Implementation and support services, IT System Integration Services i.e., Network and Security Solution, Virtualization and Cloud Integration, Infrastructure Management Services, etc., Data Centres managment, Application Development & maintenance, etc. Managed Services:Infrastructure management services covering the design, establishment, and modernization of IT infrastructure. Digital Services: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS) Proprietary platforms:Synergy low-code digital transformation, XtraTrust platform It derives revenue from fixed-price projects, time-and-materials contracts, and recurring service agreements, with a significant share from Government and PSU clients. As on March 31, 2025, the company employed 242 permanent employees. Competitive Strengths Proven track record in executing projects for Government and PSU clients Long standing relationship with marquee customer base Experienced Management Team Geographic Presence and Multi-Location Operations
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
| EBITDA | 63.18 | 47.20 | 18.86 |
| NET Worth | 136.01 | 95.49 | 38.78 |
| Reserves and Surplus | 96.40 | 87.47 | 31.71 |
| Total Borrowing | 85.45 | 39.24 | 41.19 |
Key Ratios
EPS
₹10.40
NAV
₹34.74
ROE
34.78%
ROCE
32.52%
RoNW
29.60%
P/B Value
3.66
P/E Ratio
12.21
Market Cap
₹664.03 Cr
PAT Margin
11.15%
Debt/Equity
0.63
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Coforge | 252.61 | 16.31% | 35.51 | 44.3 | 44.3 |
| Dynacons Systems & Solutions | 247.59 | 26.89% | 20.2 | 66.64 | 66.64 |
| Silver Touch Technologies | 13.38 | 21.06% | 63.65 | 2.82 | 2.82 |
| Xtranet Technologies This IPO | 34.74 | 29.6% | — | 10.28 | 10.28 |
Promoters
Sukhbir Singh Kukreja, Jogendrapal Singh Alagh, Shiney Sukhbir
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company 20.20 2 Capital expenditure by our Company for purchase and installation of systems and hardware 8.48 3 To meet working capital requirements 102.00 4 General corporate purposes 18.61 5 Issue Expenses 17.51 Total 166.80
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹233.26 Cr for the year ending 31 Mar 2024, increasing to ₹276.53 Cr by 31 Mar 2025, and further rising to ₹366.01 Cr by 31 Mar 2026. This shows a consistent upward trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹10.94 Cr for the year ending 31 Mar 2024, which rose to ₹30.03 Cr by 31 Mar 2025, and further increased to ₹40.73 Cr by 31 Mar 2026. This indicates a strong growth in profitability across the periods.
Valuation
Xtranet Technologies has an EPS of ₹10.40 and is priced at a P/E ratio of 12.21 at the issue price. This is lower than its peers, which have P/E ratios ranging from 20.2 to 63.65.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics for the shares in the grey market before the actual listing. A positive GMP suggests that the shares may list at a premium to the issue price, while a negative GMP indicates the opposite.
Subscription Demand
As of 27th July 2026, the IPO was subscribed 12.24 times overall. The breakdown shows strong interest from different categories: QIBs subscribed 7.13 times, NIIs 26.65 times, and Retail investors 8.98 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Consider the company's track record, financial health, and market conditions.
Who May Want to Wait
Investors who prefer stable, low-risk investments or those with a short-term investment horizon may want to avoid IPOs like this, which can be subject to significant price fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 23rd July 2026 and closes on 27th July 2026. Allotment of shares will be done on 28th July 2026, with the listing on the stock exchange scheduled for 30th July 2026.
Listing Gains — The Risk
Listing gains are the profits made by investors when shares are listed at a price higher than the IPO price. However, investing in IPOs carries risks, including market volatility and the possibility that the stock may not perform as expected post-listing.
This evaluation is generated from Xtranet Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Xtranet Technologies IPO GMP today?
Xtranet Technologies IPO GMP today is +₹14.5 (11.42%), indicating an estimated listing price of ₹142. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Xtranet Technologies IPO?
The price band of Xtranet Technologies IPO is ₹120.0–₹127.0 per share.
When does Xtranet Technologies IPO open and close?
Xtranet Technologies IPO opens on 23 July 2026 and closes on 27 July 2026.
When does Xtranet Technologies IPO list on the stock exchange?
Xtranet Technologies IPO listed on 30 July 2026 at ₹141.5.
What is the lot size for Xtranet Technologies IPO?
The lot size for Xtranet Technologies IPO is 110 shares, requiring a minimum investment of ₹13,970.
What is the price band for the Xtranet Technologies IPO?
The price band for the IPO is ₹120.0 to ₹127.0.
What is the minimum investment amount?
The minimum investment amount is ₹13,970.
What is the lot size for the IPO?
The lot size for the IPO is 110 shares.
When is the listing date for the IPO?
The listing date for the IPO is 30th July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Jul 2026
Close
27 Jul 2026
Allotment
28 Jul 2026
Listing
30 Jul 2026
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