open · IPO · BSE/NSE · closes 27 Jul

Xtranet Technologies Limited

Raising ₹116.76 Cr at ₹120 – ₹127 per share.

Subscription window 24%

1.93×

total subscription so far

Price band
₹120 – ₹127
Shares per lot
110
Retail minimum
₹13,970
Issue size
₹116.76 Cr
Face value
₹10

Company research

Tijori Finance

Xtranet Technologies Ltd. provides information technology solutions, including software development, IT consulting, and digital services. The company caters to enterprise clients with technology-driven solutions focused on improving operational efficiency and business processes.

Financials — ₹ crore
Period Revenue PAT Debt
Mar 2024
232.94 Cr
11 Cr 41.19 Cr
Mar 2025
276.08 Cr
29.75 Cr 39.24 Cr
Mar 2026
365.29 Cr
40.26 Cr 85.45 Cr
Revenue mix
Infrastructure Management
41%
Data Centres
18%
In-house Platforms
10%
Emerging Technologies (AI, IoT, Cloud, Blockchain)
9.6%
ERP Implementation & Support Service
8.6%
Digital Transformation Services
6.4%
IT System Integration Services
5.0%
Application Development
1.3%
Peer comparison
Company Mkt cap Revenue P/E P/B
XTRANET 667 365 Cr 16.38 4.9
SILVERTUC 2,482 288 Cr 68.13 14.35
DSSL 1,506 1,267 Cr 17.77 4.78
COFORGE 64,600 12,050 Cr 40.97 6.68

Subscription by investor category

as of As on 24-Jul-2026 10:20:18 IST

Total demand

— shares bid

0.65×

1

QIB — Qualified Institutional Buyers

0.45×

11,81,070 shares bid · 26,26,800 offered

5

QIB · Others

11,81,070
6

NII — Non-Institutional Investors

0.53×

10,42,360 shares bid · 19,70,100 offered

7

NII · Big (> ₹10 lakh)

0.4×

5,18,870 shares bid · 13,13,400 offered

8

NII · Small (≤ ₹10 lakh)

0.8×

5,23,490 shares bid · 6,56,700 offered

9

Retail Individual Investors

0.81×

37,23,170 shares bid · 45,96,900 offered

Bid book by price

cumulative NSE demand
₹127 76,37,080
₹126 76,37,740
₹125 76,43,680
₹124 76,44,560
₹123 76,45,660
₹122 76,51,160
₹121 76,53,470
₹120 76,74,480

Updated 24-Jul-2026 10:20:18. Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.

Parties to the issue

Book-running lead manager
Share India Capital Services Private Limited
Registrar
Kfin Technologies Limited
Sponsor bank
Axis Bank Limited

Exchange filings

Fields captured from NSE and BSE
Issue information
Exchange note
*As per SEBI circular no SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated 28 June 28 2019 all are requested to comply with the provisions of the aforementioned circular which states as below: Intermediaries shall retain physical application forms submitted by retail individual investors with UPI as a payment mechanism, for a period of six months and thereafter forward the same to the issuer/ Registrar to Issue. However in case of Electronic forms printouts of such applications need not be retained or sent to the issuer. Intermediaries shall at all times maintain the electronic records relating to such forms for a minimum period of three years.
Symbol
XTRANET
Issue Period
23-Jul-2026 to 27-Jul-2026
Cut-off time for UPI Mandate Confirmation
27-Jul-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to participate in IPOs by successfully accepting the mandate.
Issue Size
Initial Public Offer of Fresh Issue of aggregating up to Rs. 17,000 lakhs (including Anchor Investor portion of 39,40,200 Equity Shares)
Issue Type
100% Book Building
Price Range
Rs. 120 to Rs. 127 per Equity Share
Face Value
Rs.10 per Equity Share
Tick Size
Re.1
Bid Lot
Minimum 110 Equity shares and in multiples thereof
Minimum Order Quantity
Minimum 110 Equity Shares
Maximum Subscription Amount for Retail Investor
Rs. 2,00,000
Maximum Bid Quantity for QIB Investors
91,93,800 Equity Shares in multiple of 110 Equity Shares (Calculated at Higher Price band)
Maximum Bid Quantity for NIB Investors
65,67,000 Equity Shares in multiple of 110 Equity Shares (Calculated at Higher Price band)
IPO Market Timings
10.00 a.m. to 5.00 p.m.
Book Running Lead Managers
Share India Capital Services Private Limited
Sponsor Bank
Axis Bank Limited
Categories
FI, IC, MF, FII, OTH, CO, IND and NOH
Sub-Categories applicable for UPI
IND (upto 5 Lakhs)
Name of the Registrar
Kfin Technologies Limited
Address of the Registrar
Selenium, Tower B, Plot No. 31 and 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana, India
Contact person name number and Email id
M. Murali Krishna, +91 40 6716 2222, xtranet.ipo@kfintech.com
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form
Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form
Processing of ASBA Applications
Processing of ASBA Applications
Remark
The dedicated window provided for bid modification (modification of selected fields viz. DP ID/Client ID or Pan ID, Bank code and Location code) on T+1 day (T being last day of bidding) shall not be available now. The bid modification of selected fields shall be allowed during bidding period of IPO only.
List of mobile applications accepting UPI as Payment Option
List of mobile applications accepting UPI as Payment Option
Video link for UPI based ASBA process
Video link for UPI based ASBA process
Video link for BHIM UPI Registration
Video link for BHIM UPI Registration

Documents

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