Xtranet Technologies IPO
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.
IPO GMP
+₹14
+11% expected gain
Price Band
₹120 - ₹127
Lot Size
110 shares
Min Investment
₹13,970
Listing Date
July 30, 2026
About Xtranet Technologies
Company overview, business, and key facts.
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.
Founded
2002
Headquarters
Bhopal, Madhya Pradesh
Promoters
Sukhbir Singh Kukreja, Jogendrapal Singh Alagh, Shiney Sukhbir
Website
https://xtranetindia.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Expert Knowledge of IT Solutions for Various Industries: Offered services cover a wide range of industries such as governments, BFSI, telecommunication, health care, railway, defence, automobile, education, manufacturing, and many others.
- High-Level Experience with the Government Sector and Public Sector Solutions: Provided special solutions for smart cities, e-government, law enforcement and administration automation which ensures a high-level presence in the public sector.
- Wide Expertise in Financial Services: Provided services for the wide range of financial institutions including banks, NBFCs, co-operative banks, AMCs, stock exchanges, depositories and fintech firms.
Risks
- Dependency on Suppliers and OEMs: The company uses hardware and software products supplied by third parties and OEMs. Problems with suppliers or quality can disrupt the project.
- High-Level Dependency on the Top Customers: The company generates significant revenues from its top ten customers. Loss or decrease of business with them might affect revenue and profitability.
- Necessity of Performance Bank Guarantees: The company should have performance bank guarantees for the projects. The inability to arrange them might harm company finances.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Xtranet Technologies IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2026
+32.4%
18% a year over the period
Profit growth, 2026
+35.6%
89.6% a year over the period
Profit margin (PAT)
11.1%
EBITDA margin 17.3%
ROE / ROCE
34.78% / 32.52%
As published in the offer document
Debt to equity
0.63
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹1,540
110 shares on ₹13,970. GMP is unofficial.
What stands out
- Profit grew 35.6% in 2026.
- GMP has been rising over the last three readings.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: post-IPO share count (market cap and P/E not computable).
IPO Analysis SummaryAI-generated
A plain-language review of Xtranet Technologies's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Xtranet Technologies IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Xtranet Technologies IPO is trading at a grey market premium (GMP) of +₹14 (+11% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 12.13x overall — QIB: 7.13x, NII: 26.59x, Retail: 8.79x.
Xtranet Technologies IPO subscription has closed. The shares are expected to list on July 30, 2026.
The minimum investment required is ₹13,970 for 110 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Expert Knowledge of IT Solutions for Various Industries: Offered services cover a wide range of industries such as governments, BFSI, telecommunication, health care, railway, defence, automobile, education, manufacturing, and many others.; High-Level Experience with the Government Sector and Public Sector Solutions: Provided special solutions for smart cities, e-government, law enforcement and administration automation which ensures a high-level presence in the public sector.. Investors should note the following risks: Dependency on Suppliers and OEMs: The company uses hardware and software products supplied by third parties and OEMs. Problems with suppliers or quality can disrupt the project.; High-Level Dependency on the Top Customers: The company generates significant revenues from its top ten customers. Loss or decrease of business with them might affect revenue and profitability..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Xtranet Technologies IPO — Frequently Asked Questions
What is Xtranet Technologies IPO GMP today?
Xtranet Technologies IPO GMP (grey market premium) today is +₹14, suggesting an estimated listing gain of +11%. GMP is indicative and subject to change.
What is the price band of Xtranet Technologies IPO?
The price band for Xtranet Technologies IPO is ₹120 - ₹127 with a lot size of 110 shares. The minimum investment required is ₹13,970.
When is Xtranet Technologies IPO allotment date?
Xtranet Technologies IPO allotment is expected to be finalised on July 28, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Xtranet Technologies IPO list on NSE/BSE?
Xtranet Technologies IPO is expected to list on BSE, NSE on July 30, 2026.
How to check Xtranet Technologies IPO allotment status?
To check Xtranet Technologies IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Xtranet Technologies IPO?
Xtranet Technologies IPO has a GMP of +₹14. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Xtranet Technologies IPO?
The lot size for Xtranet Technologies IPO is 110 shares per lot. The minimum investment for retail investors is ₹13,970. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.