The Initial Public Offering (IPO) of Xtranet Technologies Ltd. has been subscribed 12.24 times as of [[CurrentTime]] IST on Jul 27, 2026, according to NSE and BSE data, reflecting oversubscribed investor response across categories.
The ₹166.80 crore initial share sale has attracted bids for 11.25 crore shares, significantly surpassing the 0.92 crore shares on offer, according to data provided on NSE and BSE.
Breakdown of Subscription Categories
- Qualified Institutional Buyers (QIBs): Subscribed times 7.13x
- Non-Institutional Investors (NIIs): Subscribed times 26.65x
- Retail Individual Investors (RIIs): Subscribed times 8.98x
Prior to the IPO launch, Xtranet Technologies Ltd. raised ₹0.00 crores from anchor investors, showcasing strong institutional support.
IPO Highlights
The IPO consists solely of fresh issue of 1.31 crore equity shares worth ₹166.80 crores. The price band for the issue is fixed at ₹120 to ₹127 per share.
About Company
Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider offering end-to-end services such as enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships. The company serves customers across industries.Issue Objects :
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company | 21.99 |
| 2 | Capital expenditure by our Company for purchase and installation of Systems and Hardware; | 7.30 |
| 3 | To Meet Working Capital Requirements | 102.00 |
| 4 | General corporate purposes |
Managerial and Listing Details
The issue is managed by Share India Capital Services Pvt.Ltd., serving as the Book Running Lead Manager The equity shares of Xtranet Technologies Ltd. are proposed to be listed on NSE and BSE, marking the company’s official entry into the public market.
