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IPO ·

BSE, NSE

Xtranet Technologies Ltd

Listed

Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider offering end-to-end services such as enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technol

Issue details

Price band

₹120 – ₹127

Face value

₹10

Lot size

110 shares

Minimum investment

₹13,970

Issue size

₹166.80 Cr

Fresh issue

₹166.80 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE, NSE

Key dates

Opens

23 Jul 2026

Closes

27 Jul 2026

UPI mandate cut-off

5:00 PM on 27 Jul 2026

Allotment

28 Jul 2026

Refunds

29 Jul 2026

Shares in demat

29 Jul 2026

Listing

30 Jul 2026

Subscription and listing

Subscription

8.75x

Listing price

₹136

Registrar

Kfin Technologies Ltd

Lead manager

Share India Capital Services Pvt.ltd.

Subscription by category

Total

8.75x

Total applications

3,21,290

Anchor investors

Amount raised

₹50.04 Cr

Bid date

22 Jul 2026

50% lock-in ends

28 Aug 2026

Rest lock-in ends

25 Oct 2026

Listing day

Issue price

₹127

Open

₹136.00

High

₹136.90

Low

₹129.20

Day close

₹129.20

Listing gain at open

+7.09%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

65,67,000

50.00%

Anchor Investor Shares Offered

39,40,200

30.00%

QIB (Ex. Anchor) Shares Offered

26,26,800

20.00%

NII Shares Offered

19,70,100

15.00%

bNII > ₹10L

13,13,400

10.00%

sNII < ₹10L

6,56,700

5.00%

Retail Shares Offered

45,96,900

35.00%

Total Shares Offered

1,31,34,000

100.00%

Finaccle’s quick read

Apply

FY26 income up 32%, PAT up 36%, ROE 44.31%, D/E 0.41, post-issue P/E 16.3x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider offering end-to-end services such as enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships. The company serves customers across industries. Its services are delivered through a mix of onsite and offshore models, supported by subsidiaries, joint ventures, and in-house platforms.

Founded

2002

2002

Promoters

Sukhbir Singh Kukreja,

Sukhbir Singh Kukreja,

Promoter holding

83.63% pre-issue; 62.63% post-issue

83.63% pre-issue; 62.63% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

366.01

366.01

63.18

40.73

40.73

136.01

85.45

85.45

341.97

FY25

FY25

276.53

276.53

47.20

30.03

30.03

95.49

39.24

39.24

321.79

FY24

FY24

233.26

233.26

18.86

10.94

10.94

38.78

41.19

41.19

202.94

ROE

44.31%

ROCE

39.59%

Debt / equity

0.41

PAT margin

10.88%

P/E post issue

16.3

Market cap

₹664.03 Cr

Use of IPO money

Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company

₹20.20 Cr

Capital expenditure by our Company for purchase and installation of systems and hardware

₹8.48 Cr

To meet working capital requirements

₹102.00 Cr

General corporate purposes

₹18.61 Cr

Issue Expenses

₹17.51 Cr

Strengths

✓

Revenue up 32% in FY26 to ₹366.01 Cr

✓

PAT up 36% in FY26 to ₹40.73 Cr

✓

PAT margin of 10.88%

✓

ROE of 44.31% and ROCE of 39.59%

✓

Moderate leverage: debt to equity 0.41

Risks to watch

!

No major red flags in our screen; read the RHP for business-specific risks

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.