Xtranet Technologies IPO Opens Today: Price Band, GMP Outlook, Dates, Financials & Review
Xtranet Technologies IPO opened for subscription on 23 July 2026 and will remain open until 27 July 2026. The company aims to raise ₹166.80 crore through a 100% fresh issue of 1.31 crore equity shares. The IPO is a Book Build Issue and the shares are proposed to be listed on both NSE and BSE on 30 July 2026.
The IPO price band has been fixed at ₹120 to ₹127 per share, with a minimum application size of 110 shares, requiring a retail investment of ₹13,970 at the upper price band.
Xtranet Technologies IPO Details
- IPO Open Date: 23 July 2026
- IPO Close Date: 27 July 2026
- Issue Size: ₹166.80 crore
- Issue Type: Book Build IPO
- Fresh Issue: 1.31 crore shares
- Price Band: ₹120–₹127 per share
- Lot Size: 110 shares
- Minimum Retail Investment: ₹13,970
- Listing Exchange: NSE & BSE
- Tentative Listing Date: 30 July 2026
Xtranet Technologies IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | 23 July 2026 |
| IPO Closes | 27 July 2026 |
| Allotment | 28 July 2026 |
| Refund Initiation | 29 July 2026 |
| Shares Credited | 29 July 2026 |
| Listing | 30 July 2026 |
About Xtranet Technologies Ltd.
Founded in 2002, Xtranet Technologies Ltd. is an integrated IT solutions company providing enterprise applications, digital transformation services, managed IT services, cloud solutions, infrastructure management, cybersecurity, system integration, and proprietary technology platforms.
The company serves clients across multiple industries, with a strong presence in Government departments and Public Sector Undertakings (PSUs). Its business model combines fixed-price projects, recurring service contracts, and time-and-material engagements, ensuring diversified revenue streams.
Its key offerings include:
- Enterprise Applications and ERP Solutions
- IT Infrastructure & System Integration
- Managed IT Services
- Cloud Services (IaaS, PaaS & SaaS)
- Digital Transformation Platforms
- XtraTrust and Synergy Low-Code Platform
As of 30 April 2026, the company had 504 permanent employees.
Competitive Strengths
- Strong execution record with Government and PSU projects
- Long-term relationships with marquee clients
- Experienced management team
- Presence across multiple locations in India
- Diverse portfolio of enterprise IT solutions and managed services
Financial Performance
Xtranet Technologies has delivered healthy growth over the past few years.
| Financials (₹ Crore) | FY26 | FY25 | FY24 |
| Total Income | 366.01 | 276.53 | 233.26 |
| Profit After Tax | 40.73 | 30.03 | 10.94 |
| EBITDA | 63.18 | 47.20 | 18.86 |
| Net Worth | 136.01 | 95.49 | 38.78 |
Between FY25 and FY26:
- Revenue increased by 32%
- Profit After Tax grew by 36%
- EBITDA margin improved to 17.30%
- PAT Margin increased to 11.15%
Key IPO Valuation Metrics
- Post-Issue EPS: ₹7.79
- Post-Issue P/E: 16.30x
- ROE: 34.78%
- ROCE: 32.52%
- RoNW: 29.60%
- Debt-to-Equity: 0.63
- Market Capitalisation: ₹664.03 crore
The valuation appears reasonable for an IT services company demonstrating consistent revenue growth and profitability.
Objects of the Issue
The company plans to utilize the IPO proceeds for:
- Repayment of outstanding borrowings – ₹21.99 crore
- Purchase of systems and hardware – ₹7.30 crore
- Working capital requirements – ₹102 crore
- General corporate purposes
The significant allocation toward working capital indicates the company’s focus on supporting future business expansion.
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