IPO Listed — 30 Jul 2026
Listing Price: ₹136
Xtranet Technologies IPO GMP History | Listing Price ₹136 & Kostak Rate
Xtranet Technologies IPO has been listed on July 30, 2026 at a listing price of ₹136, against the issue price of ₹127 — a gain of ₹9 (+7.09%). The GMP peaked at ₹26 on 20 July 2026 and reached a low of ₹7 on 27 July 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Xtranet Technologies IPO raised ₹166.8 Cr. through its IPO at a price band of ₹120 to ₹127 per share, with a lot size of 110 shares. The IPO was open for subscription from 23 Jul 2026 to 27 Jul 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 30 Jul 2026 | ₹ 14.5 | 11.4% | ₹ 0 | ₹ 0 | |
| 29 Jul 2026 | ₹ 14.5 | 11.4% | ₹ 0 | ₹ 0 | |
| 28 Jul 2026 | ₹ 12.5 | 9.8% | ₹ 0 | ₹ 0 | |
| 27 Jul 2026 | ₹ 7 | 5.5% | ₹ 0 | ₹ 0 | |
| 26 Jul 2026 | ₹ 9 | 7.1% | ₹ 0 | ₹ 0 | |
| 25 Jul 2026 | ₹ 7.5 | 5.9% | ₹ 0 | ₹ 0 | |
| 24 Jul 2026 | ₹ 10 | 7.9% | ₹ 0 | ₹ 0 | |
| 23 Jul 2026 | ₹ 8 | 6.3% | ₹ 0 | ₹ 0 | |
| 22 Jul 2026 | ₹ 13 | 10.2% | ₹ 0 | ₹ 0 | |
| 21 Jul 2026 | ₹ 18 | 14.2% | ₹ 0 | ₹ 0 | |
| 20 Jul 2026 | ₹ 26 | 20.5% | ₹ 0 | ₹ 0 | |
| 19 Jul 2026 | ₹ 25 | 19.7% | ₹ 0 | ₹ 0 | |
| 18 Jul 2026 | ₹ 25 | 19.7% | ₹ 0 | ₹ 0 | |
| 17 Jul 2026 | ₹ 25 | 19.7% | ₹ 0 | ₹ 0 |
Xtranet Technologies IPO Dates
| Event | Date |
|---|---|
| Open Date | 23 Jul, 2026 |
| Close Date | 27 Jul, 2026 |
| Allotment Date | 28 Jul, 2026 |
| Refund Date | 29 Jul, 2026 |
| Credit to Demat | 29 Jul, 2026 |
| Listing Date | 30 Jul, 2026 |
Xtranet Technologies IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹127 |
| GMP-Based Estimate (Pre-Listing) | ₹141 (+11%) |
| Actual Listing Price | ₹136 (+7.09%) |
| Listing Gain / Loss | +₹9 per share |
| Listing Date | 30 Jul, 2026 |
Is Xtranet Technologies IPO GMP Reliable?
Grey market premium for Xtranet Technologies IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Xtranet Technologies IPO full review for a fundamentals-based assessment before making any grey market trades.
Xtranet Technologies IPO IPO Kostak Rate Explained
The Kostak rate for Xtranet Technologies IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Xtranet Technologies IPO
Strengths & Risks
Strengths
- ✓ Healthy order book of Rs 356.96 crore (as of Apr 30, 2026) provides revenue visibility
- ✓ Consistent growth in revenue (Rs 233.26 Cr to Rs 366.01 Cr) and profit over the last three fiscal years
- ✓ Quality certifications including CMMI SVC/5, ISO 9001, ISO 27001, ISO 20000 and ISO 22301
- ✓ Strong capital efficiency, with RoNW averaging 29.91% and ROCE averaging above 30%
- ✓ Diversified, integrated service portfolio spanning ERP, managed services, digital transformation and PKI/digital signature services
Risks
- ⚠ High consolidated contingent liabilities of Rs 42.74 crore as of March 31, 2026
- ⚠ Elevated trade receivables raise working-capital and cash-conversion concerns, particularly from government clients
- ⚠ Issue appears fully priced at 16.30x FY26 P/E and 22.13x FY25 P/E, limiting listing-gain potential
- ⚠ Operates in a highly competitive and fragmented IT services segment without a clear competitive moat
- ⚠ Revenue is concentrated in government/PSU clients, creating dependency and cyclicality risk
- ⚠ No dividend history since incorporation
Frequently Asked Questions about Xtranet Technologies IPO
What is the GMP of Xtranet Technologies IPO?
The current Grey Market Premium (GMP) of Xtranet Technologies IPO is ₹ 14.5.
What is the Kostak Price of Xtranet Technologies IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Xtranet Technologies IPO is currently not available.
What is the Subject to Sauda Price of Xtranet Technologies IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Xtranet Technologies IPO?
Xtranet Technologies IPO listed on July 30, 2026 at ₹136, against the issue price of ₹127 — a gain of +7.09%.
How did the GMP of Xtranet Technologies IPO trend before listing?
The GMP of Xtranet Technologies IPO was stable in its final days before listing. The GMP peaked at ₹26 on 20 July 2026. View the day-wise table above for the complete GMP history.
Explore Xtranet Technologies IPO Further
For a complete picture before making your investment decision, explore these resources:
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