Xtranet Technologies
CLOSEDIPO Date: 23 Jul - 27 Jul 2026
Listing Date: 30 Jul 2026
Price Range
Rs.120 - Rs.127
Issue Size
167 Cr
Min Investment
₹13,200
Lot Size
110 Shares
Schedule of Xtranet Technologies
Issue open date
23 Jul 2026
Issue close date
27 Jul 2026
UPI mandate deadline
27 Jul 2026 (5 PM)
Allotment finalization
28 Jul 2026
Share credit
29 Jul 2026
Listing date
30 Jul 2026
Mandate end date
11 Aug 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 167 Cr |
| Fresh Issue | 166.8 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 28 Jul 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 29 Jul 2026 | ₹127 | ₹15 | ₹142 (11.42%) |
| 26 Jul 2026 | ₹127 | ₹9 | ₹136 (7.09%) |
| 25 Jul 2026 | ₹127 | ₹8 | ₹135 (5.91%) |
| 24 Jul 2026 | ₹127 | ₹10 | ₹137 (7.87%) |
| 22 Jul 2026 | ₹127 | ₹13 | ₹140 (10.24%) |
| 21 Jul 2026 | ₹127 | ₹18 | ₹145 (14.17%) |
| 20 Jul 2026 | ₹127 | ₹26 | ₹153 (20.47%) |
| 19 Jul 2026 | ₹127 | ₹25 | ₹152 (19.69%) |
| 18 Jul 2026 | ₹127 | ₹25 | ₹152 (19.69%) |
| 17 Jul 2026 | ₹127 | ₹25 | ₹152 (19.69%) |
Performance Xtranet Technologies
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.120 - Rs.127 | .... | .... | .... |
About Xtranet Technologies
Xtranet Technologies Limited is an integrated information technology (IT) solutions provider offering end-to-end services across enterprise applications, digital services, managed services, proprietary platforms, and technology partnerships. Incorporated in 2002, the company provides services such as ERP implementation and support, IT system integration, application development and maintenance, data centre solutions, managed IT services, digital signature and Public Key Infrastructure (PKI) solutions, workflow automation, business intelligence, and analytics. Its proprietary platforms include the Synergy low-code digital transformation platform and XtraTrust, which provides digital signature, e-sign, authentication, and time-stamping services. The company serves government departments, public sector undertakings (PSUs), and private sector clients across industries including defence, railways, financial services, manufacturing, healthcare, education, utilities, and telecommunications. Headquartered in Bhopal, Madhya Pradesh, Xtranet Technologies operates through onsite and offshore delivery models supported by its subsidiaries, joint venture, and strategic technology partners.
| Founded in | 2002 |
| Managing director | Mr Sukhbir Singh Kukreja |
| Parent organization |
Financial Overview
Strengths
- The company provides integrated IT solutions spanning enterprise applications, managed services, digital services, and proprietary platforms.
- The company has an unexecuted Order Book standing at ₹35,695.70 lakhs as of April 30, 2026.
- The company secured a 99-year lease from the Governor of Madhya Pradesh for land dedicated to its IT Park operations.
- The company serves a client base across both public and private sectors in verticals including automotive, education, and financial services.
- The company maintains proprietary digital solutions and software platforms including XtraTrust, eatNstay, and Peddle Point.
Risks
- The company depends heavily on a limited client base, with its top 10 customers generating 86.72% of Fiscal 2026 revenue.
- The company is exposed to public-sector procurement risks, with Government and PSU clients accounting for 47.06% of Fiscal 2026 revenue.
- The company faces geographic concentration risk, with 85.72% of Fiscal 2026 revenue derived from operations in Maharashtra, Madhya Pradesh, and Delhi.
- The company relies significantly on vendor concentration, with its top 10 suppliers accounting for 95.24% of total purchases in Fiscal 2026.
- The company operates with high working capital requirements, holding ₹11,133.06 lakhs in trade receivables and ₹7,769.36 lakhs in inventory as of Fiscal 2026.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |