Xtranet Technologies Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹120 - ₹127
- Lot size
- 110 shares
- Issue amount
- ₹166.8 cr
- Total subscription
- 12.24×
- Opens
- 23 Jul 2026
- Closes
- 27 Jul 2026
- Allotment
- 28 Jul 2026
- Listing
- 30 Jul 2026
Offer at a glance
Issue overview
- Issue size
- 1,31,34,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,200
- Fresh issue
- ₹166.8 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹13,970
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,91,51,700
- Shares after issue
- 5,22,85,700
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 110 | ₹13,970 |
| sHNI | 15 | 1,650 | ₹2,09,550 |
| bHNI | 72 | 7,920 | ₹10,05,840 |
Share reservation
Subscription & GMP
Subscription by category
Reported 27 Jul 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 41,790 | 3,16,803 |
| HNIs(10L +) | 796 | 4,389 |
| HNIs (2-10L) | 398 | 10,240 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 33.36 | 237.96 |
| FIIs | 0 | 50.5 |
| Others | 0 | 187.46 |
| RETAIL | 58.38 | 524.17 |
| HNIs 2+ | 8.34 | 221.23 |
| HNIs 10+ | 16.68 | 445.64 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 10.28 | 8.07 | 3.19 |
| ROE | 34.78 | 44.31 | 33.09 |
| ROCE | 32.52 | 39.59 | 30.53 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 12.21 | 0 | 0 |
| POST IPO(PE) | 16.3 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Silver Touch Technologies Limited | 63.65 | 179.35 | 10.00 | 13.38 | 21.06 | 2.82 |
| Xtranet Technologies Limited | 0 | 0 | 10.00 | 34.74 | 29.60 | 10.28 |
| Coforge Limited | 35.51 | 1442.15 | 10.00 | 252.61 | 16.31 | 44.30 |
| Dynacons Systems & Solutions Limited | 20.20 | 1345.25 | 10.00 | 247.59 | 26.89 | 66.64 |
Company information
Company profile
Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider offering end-to-end services including enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships, serving clients across various industries. The company delivers its services through a mix of onsite and offshore models supported by subsidiaries, joint ventures, and in-house platforms, with offerings such as ERP implementation, system integration, cloud and virtualization solutions, infrastructure management, data center management, application development, and digital services like IaaS, PaaS, and SaaS, along with its own platforms like Synergy and XtraTrust. It generates revenue through fixed-price projects, time-and-material contracts, and recurring service agreements, with a strong presence in government and PSU clients, and had 242 permanent employees as of March 31, 2025.
Strengths
- Deep Domain Expertise: The company provides IT solutions across multiple industries, including government, banking, telecom, healthcare, railways, defence, education, and manufacturing.
- Strong Government & Public Sector Presence: It has a strong track record in delivering solutions for smart cities, e-governance, law enforcement, and public administration projects.
- Diversified Financial Services Expertise: The company serves a wide range of financial institutions such as banks, NBFCs, asset management companies, stock exchanges, depositories, and fintech firms.
Risk factors
- Supplier Dependency: The company depends on third-party suppliers and OEMs for hardware and software products. Any disruption in supply or quality issues could affect project delivery.
- Customer Concentration Risk: A significant share of revenue comes from a limited number of key customers. Loss of major clients or lower business volumes may impact revenue and profitability.
- Bank Guarantee Risk: The company is required to provide bank guarantees for project execution. Any difficulty in arranging these guarantees or their invocation could affect cash flow and financial stability.
Promoters
Sukhbir Singh Kukreja
Jogendrapal Singh Alagh
Shiney Sukhbir
Registrar & documents
Lead manager
Share India Capital Services Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Z-24, Zone - 1, M.P. Nagar, Bhopal, Madhya Pradesh, 462011
+91 1143547623
[email protected]Company website ↗Understanding XTRANET IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.