Xtranet Technologies IPO
Xtranet Technologies IPO — date, price band, lot size & details 2026
Xtranet Technologies listed on 30 Jul 2026 at ₹136, 7.1% above the ₹127 issue price.
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.
Stock price
Xtranet Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 23 October.
- Open 23 Jul 2026
- Close 27 Jul 2026
- Allotment 28 Jul 2026
- Refund/credit 29 Jul 2026
- Listing 30 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 27 Jul, 2026 |
|---|---|
| Price Band | ₹120 – ₹127 |
| Face Value | ₹10 |
| Lot Size | 110 Shares |
| Issue Size | ₹166.8 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 13,970 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 110 shares at the ₹127 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 110 | ₹13,970 |
| Retail (max) | 14 | 1,540 | ₹1,95,580 |
| S-HNI (min) | 15 | 1,650 | ₹2,09,550 |
| S-HNI (max) | 71 | 7,810 | ₹9,91,870 |
| B-HNI (min) | 72 | 7,920 | ₹10,05,840 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Healthy order book of Rs 356.96 crore (as of Apr 30, 2026) provides revenue visibility
- 02Consistent growth in revenue (Rs 233.26 Cr to Rs 366.01 Cr) and profit over the last three fiscal years
- 03Quality certifications including CMMI SVC/5, ISO 9001, ISO 27001, ISO 20000 and ISO 22301
- 04Strong capital efficiency, with RoNW averaging 29.91% and ROCE averaging above 30%
- 05Diversified, integrated service portfolio spanning ERP, managed services, digital transformation and PKI/digital signature services
Risks · 6
- 01High consolidated contingent liabilities of Rs 42.74 crore as of March 31, 2026
- 02Elevated trade receivables raise working-capital and cash-conversion concerns, particularly from government clients
- 03Issue appears fully priced at 16.30x FY26 P/E and 22.13x FY25 P/E, limiting listing-gain potential
- 04Operates in a highly competitive and fragmented IT services segment without a clear competitive moat
- 05Revenue is concentrated in government/PSU clients, creating dependency and cyclicality risk
- 06No dividend history since incorporation
Three years of numbers
All figures in ₹ crore, as reported in the Xtranet Technologies offer document.
| 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.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Xtranet Technologies RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Xtranet Technologies IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹10.40 | ₹7.79 |
| P/E Ratio (x) | 12.21 | 16.30 |
| Market Cap at Offer Price (₹ Cr) | ₹497.00 | ₹675.53 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹127 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹130.68 Cr of the issue is earmarked to named objects.
Xtranet Technologies IPO Anchor Investors
10 anchor investors across 8 fund houses committed ₹50.02 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Taurus Mid Cap Fund | Taurus Mutual Fund | 78,760 | 1.00 | 2.00% |
| Taurus ELSS Tax Saver Fund | Taurus Mutual Fund | 78,760 | 1.00 | 2.00% |
| Taurus Flexi Cap Fund | Taurus Mutual Fund | 236,280 | 3.00 | 6.00% |
| Steptrade Revolution Fund | Steptrade | 393,800 | 5.00 | 9.99% |
| Venus Investments Vcc-Venus Stellar Fund | Venus Investments | 394,020 | 5.00 | 10.00% |
| Tiger Strategies Fund 1 | Tiger Strategies | 551,540 | 7.00 | 14.00% |
| Longthrive Capital Vcc-Trendview Capital Fund | Longthrive Capital Vcc | 551,100 | 7.00 | 13.99% |
| Innovative Vision Fund | Innovative Vision | 394,020 | 5.00 | 10.00% |
| Saint Capital Fund | Saint Capital | 630,960 | 8.01 | 16.01% |
| Viney Growth Fund | Viney | 630,960 | 8.01 | 16.01% |
| Total anchor allocation | 50.02 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
+91 11 4354 7623
The bankers & the filings
Who is running the book, and the documents this page is built from.
Xtranet Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Share India Capital Services Private Limited
4 issues handledBest listing: Oneindig Technologies (+25.0%). Weakest: GRE Renew Enertech (-8.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Xtranet Technologies?
The current Grey Market Premium is ₹14.5, or 11.4% over the issue price.
What is the Xtranet Technologies IPO price band?
₹120 to ₹127, on a face value of ₹10.
When is the allotment?
The basis of allotment is 28 July 2026, with listing on 30 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
