Xtranet Technologies announces IPO dates for launch next week. Check details

Xtranet Technologies will launch its Rs 166.8 crore initial public offering next week, adding another mainboard issue to a busy IPO calendar. The IPO will open for subscription on July 23 and close on July 27. The company has fixed a price band of Rs 120-127 per share. The shares are proposed to be listed on BSE and NSE, with a tentative listing date of July 30.

Xtranet Technologies IPO details

The issue is entirely a fresh issue of 1.31 crore shares, aggregating up to Rs 166.8 crore. There is no offer for sale, which means the IPO proceeds will go to the company. The allotment is expected to be finalised on July 28. Refunds and credit of shares are expected on July 29.

Investors can bid for a minimum of 110 shares and in multiples thereafter. At the upper price band of Rs 127, the minimum retail investment will be Rs 13,970. Retail investors can apply for up to 14 lots, or 1,540 shares, amounting to Rs 1,95,580.

For small non-institutional investors, the minimum application size is 15 lots, or 1,650 shares, amounting to Rs 2,09,550. For big non-institutional investors, the minimum application is 72 lots, or 7,920 shares, amounting to Rs 10,05,840.

Not more than 50% of the issue will be reserved for qualified institutional buyers. At least 35% will be reserved for retail investors and at least 15% for non-institutional investors.

Share India Capital Services is the book-running lead manager to the issue, while KFin Technologies is the registrar.
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What Xtranet Technologies does

Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider. The company offers enterprise applications, digital transformation, managed services, proprietary platforms and strategic technology partnerships.

Its services include ERP implementation and support, IT system integration, network and security solutions, virtualisation, cloud integration, infrastructure management, data centre management, application development and maintenance.

The company also offers digital services such as infrastructure-as-a-service, platform-as-a-service and software-as-a-service. Its proprietary platforms include Synergy, a low-code digital transformation platform, and XtraTrust.

Xtranet earns revenue from fixed-price projects, time-and-material contracts and recurring service agreements. A significant part of its business comes from government and PSU clients.

As of April 30, 2026, the company had 504 permanent employees.

Financial performance

Xtranet’s financials showed steady growth in FY26. Total income rose 32% to Rs 366.01 crore in FY26 from Rs 276.53 crore in FY25. Profit after tax increased 36% to Rs 40.73 crore from Rs 30.03 crore. EBITDA rose to Rs 63.18 crore in FY26 from Rs 47.20 crore in FY25.

At the upper price band, Xtranet will have a pre-IPO market cap of Rs 664.03 crore.

Use of IPO proceeds

The company plans to use Rs 21.99 crore from the net proceeds for repayment or prepayment of certain borrowings. Another Rs 7.30 crore will be used for capital expenditure towards purchase and installation of systems and hardware.

The largest part of the proceeds, Rs 102 crore, will go towards working capital requirements. The balance will be used for general corporate purposes.

The IPO will be watched by investors tracking mainboard technology and IT-enabled services listings. Recent mainboard listings in the space have seen mixed performance, making Xtranet’s subscription demand and grey market trend key indicators before listing.

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