Xtranet Technologies IPO
Market Sentiment
IPO Details
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Day-wise Subscription (times subscribed)
Financial Analysis
| 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 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| 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: 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 metrics didn't flag a major concern for Xtranet Technologies from the disclosed data — but this 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.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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.
| 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
Xtranet Technologies Ltd., Z-24, Zone – 1,, M.P. Nagar, Bhopal, Madhya Pradesh, 462011
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.
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.
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).
Grey market is quoting a premium of +Rs 14.5 (+11.4% over issue price), up Rs 5 from the previous session. Final subscription data records overall subscription at 15.03x, retail at 8.97x, QIB at 20.49x, NII at 26.65x.
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 are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Xtranet Technologies IPO GMP — What It Means
The latest grey market premium for Xtranet Technologies IPO is ₹15 (+11.4%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Xtranet Technologies it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Xtranet Technologies GMP history and trend, or learn how grey market premium works and how reliable it is.
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