Xtranet Technologies was incorporated on January 29, 2002. The company is an integrated IT solutions provider offering enterprise applications, digital services, managed services, proprietary platforms, and strategic technology partnerships across industries and geographies. Its offerings include the Synergy low-code platform for digital transformation and XtraTrust, a licensed certifying authority providing digital signature, PKI, and authentication services
| Bidding Dates |
|---|
| 23 Jul 2026 - 27 Jul 2026 |
| Subscription |
|---|
| 12.24x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,200 | 1 | 14 | 110 | 13.1 M | ₹120 - ₹127 | 62.62 % | ₹1576.1 M - ₹1668.0 M | RHP DOC |
Xtranet Technologies IPO SUBSCRIPTION STATUS
27 Jul '26Xtranet Technologies IPO overall subscription rate was 12.24 times the total available shares
Xtranet Technologies IPO retail subscription rate was 8.98 times in the retail segment
Xtranet Technologies IPO non-institutional investor subscription rate was 26.65 times in the non-institutional investor category
Xtranet Technologies IPO Qualified Institutional Bidder subscription rate was 7.13 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
27 Jul 2026 (Day 3) | 8.98x | 26.65x | 7.13x |
24 Jul 2026 (Day 2) | 2.5x | 2.12x | 0.91x |
23 Jul 2026 (Day 1) | 1.37x | 0.75x | 0.91x |
Xtranet Technologies FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 365.3 | 40.7 | 27.6 | -22.4 | 17.3% |
| FY25 | 276.1 | 30.0 | 8.6 | -16.9 | 17.1% |
| FY24 | 232.9 | 10.9 | -1.2 | -8.4 | 8.1% |
Xtranet Technologies IPO SUBSCRIPTION STATUS DETAILS
Xtranet Technologies had 13.1 M shares on offer
Xtranet Technologies IPO offer price was in the range ₹120 - ₹127
Xtranet Technologies IPO minimum Investment was ₹13200
Xtranet Technologies IPO issue size was ₹ 1576.1 M - ₹ 1668.0 M
Xtranet Technologies had a minimum lot size of 110 Shares per application
Xtranet Technologies NUMBER OF SHARES ON OFFER
Xtranet Technologies IPO IMPORTANT DATES
| Issue Open Date | 23 Jul 2026 |
| Issue close Date | 27 Jul 2026 |
| Allotment Date | 28 Jul 2026 |
| Refund Date | 29 Jul 2026 |
| Demat Account Credit Date | 29 Jul 2026 |
| Listing Date | 30 Jul 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Xtranet Technologies Allotment Status | Exchange/ Registrar |
Xtranet Technologies IPO subscription opened on 23 Jul 2026, and closed on 27 Jul 2026
IPO allotment for Xtranet Technologies was finalized on Tuesday, 28 Jul 2026
IPO listing for Xtranet Technologies was on NSE and BSE on Thursday, 30 Jul 2026
Xtranet Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 127.0 |
| Listing Open Price | 136.0 |
| Listing Close Price | 129.2 |
| Listing Gain% | 7.1% |
| Current Gain% | 7.3% |
Xtranet Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Xtranet Technologies Ltd. | 136.2 | 712.2 | 23.9 | 0.1 | 2.6 | 31.2 | 9.2 | 276.5 | 18.6 | 29.7 | 170.3 | 5.7 | 170.3 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Xtranet Technologies IPO Reports
Xtranet Technologies INFORMATION ON IPO ISSUE
About Xtranet Technologies
Xtranet Technologies was incorporated on January 29, 2002. The company is an integrated IT solutions provider offering enterprise applications, digital services, managed services, proprietary platforms, and strategic technology partnerships across industries and geographies. Its offerings include the Synergy low-code platform for digital transformation and XtraTrust, a licensed certifying authority providing digital signature, PKI, and authentication services
Object of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company
- Capital expenditure by the company for purchase of systems and hardware
- To meet working capital requirements
- General corporate purposes
Xtranet Technologies - PROMOTERS
| Name |
|---|
| Sukhbir Singh Kukreja |
| Jogendrapal Singh Alagh |
| Shiney Sukhbir |
Xtranet Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sukhbir Singh Kukreja | Managing Director |
| Jogendrapal Singh Alagh | Whole Time Director |
| Shiney Sukhbir | Non-Executive, Non- Independent Director |
| Girish Chander Dalakoti | Independent Director |
| Sanjay Kumar Sinha | Independent Director |
| Shikha Jain | Independent Director |
Xtranet Technologies Book Running Lead Manager
Share India Capital Services Private Limited
kunal.bansal@shareindia.co.in
Xtranet Technologies Registrar to the Offer
KFin Technologies Limited
xtranet.ipo@kfintech.com
Xtranet Technologies Strengths
Domain expert
The company offers comprehensive services across six operating segments, serving government, public sector, and private enterprises in industries including defence, railways, transportation, F&B, engineering, finance, telecom, healthcare, agriculture, sutomotive, retail, and education
Execution & delivery
The company designs, configures, and implements systems and services per client specifications using agile methods with sprint reviews and demos. Solutions undergo rigorous testing and, once validated, are deployed with documentation and training
Geographical advantage
The company operates through a distributed network of offices across India, including New Delhi, Mumbai, Ahmedabad, Jaipur, Bangalore, and its headquarters in Bhopal, while maintaining international operations. This multi-city presence enables access to diverse talent and supports clients across India
Xtranet Technologies Risks
Dependent on third party suppliers
The company relies on suppliers for hardware and software, and any failure to deliver on time or meet quality standards could impact business and order fulfilment. Its operations depend on a network of third parties, including OEMs, contractors, service providers, and cloud/data centre partners, to source products and deliver services
Certificates & approvals
The company’s inability to obtain or maintain required statutory and regulatory permits could adversely affect its business and financial condition. It has secured or is in the process of obtaining all necessary licenses, including labour, trade, and tax registrations, such as Shops and Establishment registrations for its Bangalore and Jaipur offices
Cost overrun risks
The company faces risks of time and cost overruns in projects, especially with government and public sector clients, which can impact profitability. Delays in approvals, scope changes, and extended payment cycles may increase working capital needs and overall project costs
IPO FAQs
The promoters of the company are Sukhbir Singh Kukreja, Jogendrapal Singh Alagh and Shiney Sukhbir.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 120.0 - 127.0.
The IPO application opens on Jul 23, 2026 and closes on Jul 27, 2026.
The minimum lot size for the IPO is 110. The maximum lot size for the IPO is 1540.
For all category investors, the minimum application amount for this IPO is Rs. 13,200.0, the maximum value for this IPO is Rs 195,580.0.
This IPO will be allotted on Jul 28, 2026.
The refund will be credited to your account on Jul 29, 2026.
The allotted shares will be credited to your demat on Jul 29, 2026.
Xtranet Technologies Ltd.’s shares listed on the stock exchanges on Jul 30, 2026.