Xtranet Technologies IPO — Date, Price Band, GMP & Allotment 2026
Xtranet Technologies Limited is a Bhopal-based integrated IT solutions provider offering enterprise applications, managed services, cloud/data-centre operations and proprietary digital platforms to government, PSU and private-sector clients.
IPO Review
IPO GMP
IPO Subscription Subscription
Stock Price
As the IPO is listed, here is the Live Share Price for Xtranet Technologies
IPO Summary
What is the Xtranet Technologies IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 23 Jul, 2026 | Thursday |
| IPO Close Date | 27 Jul, 2026 | Monday |
| Basis of Allotment | 28 Jul, 2026 | Tuesday |
| Refunds Initiated | 29 Jul, 2026 | Wednesday |
| Credit to Demat | 29 Jul, 2026 | Wednesday |
| Listing Date | 30 Jul, 2026 | Thursday |
What is the Xtranet Technologies IPO Lot Size?
Bidding in multiples of 110 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹13,970 |
| Retail (Max) | 14 | 1540 | ₹1,95,580 |
| S-HNI (Min) | 15 | 1650 | ₹2,09,550 |
| S-HNI (Max) | 71 | 7810 | ₹9,91,870 |
| B-HNI (Min) | 72 | 7920 | ₹10,05,840 |
About Xtranet Technologies
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Xtranet Technologies Key Performance Indicators (KPIs)
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| Repayment/prepayment of certain outstanding borrowings | ₹20.20 Cr. |
| Capital expenditure for purchase and installation of systems and hardware | ₹8.48 Cr. |
| Funding working capital requirements | ₹102.00 Cr. |
| General corporate purposes | Balance of net proceeds |
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
Company Financials
The Xtranet Technologies company's financial performance (in ₹ Cr.) is summarized below:
| Metric | 31 Mar 26 | 31 Mar 25 | 31 Mar 24 |
|---|---|---|---|
| Revenue | 366.01 | 276.53 | 233.26 |
| Net Profit | 40.73 | 30.03 | 10.94 |
| Assets | 341.97 | 321.79 | 202.94 |
See how this IPO compares — view listing performance of all mainboard IPOs.
IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB | 65,67,000 shares (50.00% of the Offer) |
| NII | 19,70,100 shares (15.00% of the Offer) |
| Retail | 45,96,900 shares (35.00% of the Offer) |
Promoters and Shareholding Details
Sukhbir Singh Kukreja, Jogendrapal Singh Alagh and Shiney Sukhbir
The issue is entirely a fresh issue with no Offer for Sale, so promoter shares remain unchanged in absolute terms (3,91,51,700 shares). Promoter holding dilutes from 83.63% pre-issue to approximately 74.88% post-issue as paid-up capital rises to 5,22,85,700 shares.
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 83.63% |
| Promoter Holding Post Issue | 74.88% |
Frequently Asked Questions
What is the GMP of Xtranet Technologies?
The current Grey Market Premium (GMP) of Xtranet Technologies is ₹ 14.5.
What is the Xtranet Technologies IPO Price Band?
The price band for Xtranet Technologies IPO is ₹120 to ₹127.
When is the Xtranet Technologies IPO Allotment?
The allotment date for Xtranet Technologies IPO is July 28, 2026.
How to check Xtranet Technologies IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (KFin Technologies Limited).
Official Documents
Company Contact Details
Xtranet Technologies
Z-24, Zone-1, M.P. Nagar, Bhopal - 462011, Madhya Pradesh
+91 11 4354 7623
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