Xtranet Technologies IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 5 |
|---|---|---|---|
| QIB | 0.91x | 0.91x | 20.49x |
| NII | 0.75x | 2.12x | 26.65x |
| bNII > ₹10L | 0.53x | 1.77x | 26.72x |
| sNII 2-10L | 1.20x | 2.81x | 26.52x |
| Retail | 1.37x | 2.50x | 8.97x |
| Total | 1.11x | 1.96x | 15.03x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 222.78 | 233.26 | 276.53 | 366.01 |
| Expense | 215.04 | 217.33 | 237.75 | 314.01 |
| Profit (PAT) | 5.98 | 10.94 | 30.03 | 40.73 |
| Total Assets | 223.99 | 202.94 | 321.79 | 341.97 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Xtranet Technologies This IPO | 10.28 | - | 29.60 | 34.74 | - |
| Silver Touch Technologies Limited | 2.82 | 63.65 | 21.06 | 13.38 | 341.99 Cr |
| Dynacons Systems & Solutions Limited | 66.64 | 20.20 | 26.89 | 247.59 | 1,424.28 Cr |
| Coforge Limited | 44.30 | 35.51 | 16.31 | 252.61 | 16,402.70 Cr |
Promoters & Holding Pattern
Promoters: Sukhbir Singh Kukreja, Jogendrapal Singh Alagh and Shiney Sukhbir
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 3,91,51,700 | 83.63% |
| Promoter Holding Post Issue | 5,22,85,700 | 62.63% |
Strengths & Risks
- Heavily oversubscribed — 15.0x overall (so far).
- Strong institutional (QIB) demand — 20.5x.
- Revenue grew 32% in the latest reported year.
- Solid profit margin — 11.1%.
- Strong return on equity — 35%.
Our data checks haven't flagged a specific concern for Xtranet Technologies — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Xtranet Technologies
Founded in 2002, Xtranet Technologies is one of the leading IT solutions providers offering a wide range of services including enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships. Its product range includes Enterprise Applications: ERP, system integration, cloud, infrastructure, and application services. Managed Services: IT infrastructure management and modernization. Digital Services: IaaS, PaaS, and SaaS solutions.Platforms: Synergy (low-code) and XtraTrust. The firm offers its services using both onsite and offshore delivery models, backed by its subsidiaries, joint ventures, and its own technology platforms. Xtranet runs its business through Fixed-price projects, Time-and-materials contracts, Recurring service agreements, and a significant share from Government and PSU clients.
Company Contact Information
Xtranet Technologies Ltd., Z-24, Zone – 1,, M.P. Nagar, Bhopal, Madhya Pradesh, 462011
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company | 21.99 |
| Capital expenditure by our Company for purchase and installation of Systems and Hardware; | 7.30 |
| To Meet Working Capital Requirements | 102.00 |
| General corporate purposes | - |
Resources & Documents
Anchor Investors
Xtranet Technologies IPO - Quick Take
Xtranet Technologies has set a price band of Rs 120–Rs 127 per share for an issue size of Rs 167 crore. The stock listed with a 7.09% gain versus its issue price on July 30, 2026.
The issue is promoted by Sukhbir Singh Kukreja, Jogendrapal Singh Alagh and Shiney Sukhbir with Share India Capital Services Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company (Rs 22 crore) and capital expenditure by our Company for purchase and installation of Systems and Hardware; (Rs 7 crore).
On fundamentals, the company is posting revenue growth of 32.4%, a profit margin of 11.1%, return on equity of 34.8% in its most recent reported period. Listed peers in this segment include Silver Touch Technologies Limited (P/E 63.65x) and Dynacons Systems & Solutions Limited (P/E 20.20x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Xtranet Technologies IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 11.4%. Of the 24 Mainboard IPOs we have tracked with a final GMP between 10% and 25%, 22 listed above, 1 flat and 1 below the issue price; Xtranet Technologies listed 7.1% above its issue price.
See the full Xtranet Technologies GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
Same sector or same stage as Xtranet Technologies
No comments yet. Be the first to share your opinion!