GMP IPO Watch
Xtranet Technologies IPO 2026: Exploring the Company's Digital Innovation, Business Expansion Plans and Long-Term Investment Potential
Xtranet Technologies Limited is expected to launch its IPO, attracting investors looking f...
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X
Mainboard IPO
LISTED
NSE, BSE
XTRANET
Xtranet Technologies IPO
Xtranet Technologies IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹14
+11.0%
Est. Listing: ₹141.00
Price Band
₹120 - ₹127
Per equity share
Lot Size
110 Shares
Min Invest: ₹13,970
Issue Size
₹166.8 Cr
Total Public Offering
Issue Dates
22 July 2026 – 26 July 2026
Bidding period
Subscription
12.24x
Total overall demand
Xtranet Technologies IPO Details
Key facts at a glance| IPO Open Date | 22 July 2026 | IPO Close Date | 26 July 2026 |
|---|---|---|---|
| Basis of Allotment | 27 July 2026 | Listing Date | 29 July 2026 |
| Price Band | ₹120 - ₹127 per share | Face Value | ₹10 per share |
| Market Lot Size | 110 Shares | Min Investment (Retail) | ₹13,970 |
| Total Issue Size | ₹166.8 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | Mainboard Issue |
| Registrar | TBA | ||
Xtranet Technologies IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 22 July 2026 | Confirmed |
| IPO Close Date | 26 July 2026 | Confirmed |
| Basis of Allotment | 27 July 2026 | Tentative |
| Initiation of Refunds | 29 July 2026 | Tentative |
| Credit of Shares to Demat | 29 July 2026 | Tentative |
| IPO Listing Date | 29 July 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 27 July 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Xtranet Technologies IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 110 Shares | ₹13,970 |
| Retail (Max) | 14 Lots | 1,540 Shares | ₹1,95,580 |
| S-HNI (Min) | 15 Lots | 1,650 Shares | ₹2,09,550 |
| S-HNI (Max) | 71 Lots | 7,810 Shares | ₹9,91,870 |
| B-HNI (Min) | 72 Lots | 7,920 Shares | ₹10,05,840 |
Xtranet Technologies IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹14 +11.0%
Estimated Listing Price
₹141.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 27 Jul 2026 | ₹10 | ₹137.00 | +7.87% |
| 24 Jul 2026 | ₹8 | ₹135.00 | +6.30% |
| 23 Jul 2026 | ₹13 | ₹140.00 | +10.24% |
| 22 Jul 2026 | ₹18 | ₹145.00 | +14.17% |
| 21 Jul 2026 | ₹26 | ₹153.00 | +20.47% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Xtranet Technologies IPO Subscription Status
Demand breakdown by investor category
Retail
8.98x
QIB
7.13x
NII / HNI
—
Total
12.24x
About Xtranet Technologies
Xtranet Technologies Limited is an information technology solutions provider that delivers services across enterprise applications, managed services, digital services, and proprietary platforms. The company engages in system integration, enterprise resource planning implementation, cybersecurity, cloud services, and data center management. It caters to government departments, public sector undertakings, and private sector entities operating across diverse industry verticals. Xtranet Technologies Limited generates revenue through a combination of fixed-price contracts, time-and-materials arrangements, and recurring service agreements, obtaining projects through direct competitive bidding and indirect channels such as subcontractors or consortium partners. In addition to delivering IT services, the company procures hardware, software products, and networking components from external suppliers to execute and fulfill its project commitments.
Key Strengths
- The company provides integrated IT solutions spanning enterprise applications, managed services, digital services, and proprietary platforms.
- The company has an unexecuted Order Book standing at ₹35,695.70 lakhs as of April 30, 2026.
- The company secured a 99-year lease from the Governor of Madhya Pradesh for land dedicated to its IT Park operations.
- The company serves a client base across both public and private sectors in verticals including automotive, education, and financial services.
- The company maintains proprietary digital solutions and software platforms including XtraTrust, eatNstay, and Peddle Point.
Key Risks
- The company depends heavily on a limited client base, with its top 10 customers generating 86.72% of Fiscal 2026 revenue.
- The company is exposed to public-sector procurement risks, with Government and PSU clients accounting for 47.06% of Fiscal 2026 revenue.
- The company faces geographic concentration risk, with 85.72% of Fiscal 2026 revenue derived from operations in Maharashtra, Madhya Pradesh, and Delhi.
- The company relies significantly on vendor concentration, with its top 10 suppliers accounting for 95.24% of total purchases in Fiscal 2026.
- The company operates with high working capital requirements, holding ₹11,133.06 lakhs in trade receivables and ₹7,769.36 lakhs in inventory as of Fiscal 2026.
Xtranet Technologies IPO Reservation & Share Quotas
Xtranet Technologies Limited has allocated the IPO among different investor categories in accordance with the SEBI regulations applicable to book-built public issues. The reservation structure ensures participation from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
A significant portion of the issue has been reserved for institutional investors, while dedicated allocations have also been provided for non-institutional and retail investors, enabling broad participation in the IPO.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Xtranet Technologies IPO Anchor Investors
Xtranet Technologies Limited has scheduled its Anchor Investor bidding process one day before the public issue opens. The anchor portion is reserved for eligible Qualified Institutional Buyers (QIBs) and is intended to strengthen institutional participation in the IPO.
The names of the participating anchor investors, total shares allotted, and the final anchor investment amount will be disclosed after the completion of the anchor allocation process.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 22, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The final anchor allocation details, including the names of anchor investors, number of shares allotted, allocation value, and lock-in expiry dates, will be updated after the anchor book is finalized.
Xtranet Technologies IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 23 Jul 2026 |
| IPO Close Date | 27 Jul 2026 |
| Basis of Allotment | 28 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 30 Jul 2026 |
Note: The timeline for ఎక్స్ట్రానెట్ టెక్నాలజీస్ IPO is tentative and subject to change.
Xtranet Technologies Promoters and Shareholding Pattern
Xtranet Technologies Limited is promoted by Sukhbir Singh Kukreja, Jogendrapal Singh Alagh, and Shiney Sukhbir. The promoters have played a significant role in establishing and expanding the company's business operations and continue to provide strategic direction for its future growth.
Following the public issue, the promoters will continue to hold a majority stake in the company, reflecting their long-term commitment while also increasing the public shareholding as required under the IPO regulations.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 3,91,51,700 | 83.63% |
| Promoter Holding Post Issue | 5,22,85,700 | 62.63% |
Note: The post-issue shareholding reflects the promoter stake after completion of the IPO. Investors should refer to the final prospectus for the detailed shareholding pattern and any subsequent updates before listing.
Xtranet Technologies Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Xtranet Technologies About the 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.
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.
Xtranet Technologies Company Financial Report
To Be Updated Soon
Xtranet Technologies Company Valuation & Key Performance Indicators
To Be Updated Soon
Xtranet Technologies Peer Group Comparison
To Be Updated Soon
Xtranet Technologies Lead Managers & Merchant Bankers
- Share India Capital Services Pvt. Ltd.
Xtranet Technologies IPO FAQs
Xtranet Technologies IPO opens for subscription on 22 July 2026 and closes on 26 July 2026.
The price band for Xtranet Technologies IPO is set at ₹120.00 to ₹127.00 per share.
The minimum market lot size is 110 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 110 Shares (₹13,970).
The latest Grey Market Premium (GMP) for Xtranet Technologies IPO is ₹14. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Xtranet Technologies IPO is tentatively scheduled for 27 July 2026, and shares are expected to list on the stock exchanges on 29 July 2026.
The registrar details will be confirmed in the official prospectus.
Xtranet Technologies IPO Analysis & Articles
