Xtranet Technologies is set to open its Initial Public Offering (IPO) for subscription on July 23, 2026. According to the Red Herring Prospectus (RHP), the ₹166.80 crore IPO comprises an entirely fresh issue of up to 1.31 crore equity shares, with no Offer for Sale (OFS).

The IPO will be available for subscription from Thursday, July 23, 2026, to Monday, July 27, 2026, with anchor investor bidding scheduled for Wednesday, July 22, 2026. The basis of allotment is expected to be finalised on July 28, 2026, and the shares are tentatively scheduled to be listed on both the NSE and BSE on July 30, 2026.

Xtranet Technologies IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue Only)
Total Issue Size: Up to ₹166.80 crore
Fresh Issue: Up to ₹166.80 crore
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per equity share
Price Band: ₹120 to ₹127 per share
Lot Size: 110 shares
Minimum Investment Amount (Retail Investor): ₹13,970 (110 shares at the upper price band)
Listing: BSE, NSE
Book Running Lead Managers: Share India Capital Services Private Limited
Registrar: KFin Technologies Limited

Xtranet Technologies IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	23 July 2026
Subscription Closing Date	27 July 2026
Basis of Allotment Date	28 July 2026
Refund Initiation Date	29 July 2026
Credit of Shares	29 July 2026
Listing on BSE and NSE	30 July 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Xtranet Technologies IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹127 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	110	₹13,970
Retail (Maximum)	14	1,540	₹1,95,580
sNII (Minimum)	15	1,650	₹2,09,550
bNII (Minimum)	72	7,920	₹10,05,840

Utilisation of IPO Proceeds

The company proposes to utilise the net proceeds from the fresh issue for the following purposes:

Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company
Funding capital expenditure for the purchase of systems and hardware
Meeting the company's working capital requirements
General corporate purposes

About Xtranet Technologies Limited

Incorporated in 2002, Xtranet Technologies Limited is an integrated IT solutions provider offering services across enterprise applications, digital transformation, managed services, system integration, and secure digital solutions. Its offerings include application development, ERP implementation, data centre services, business intelligence, and PKI-based digital signature solutions.

The company serves government, PSU, and private sector clients across multiple industries through onsite and offshore delivery models.

Key Financial Highlights

Particulars	FY25 (in ₹ crore)	FY24 (in ₹ crore)	FY23 (in ₹ crore)
Revenue from Operations	276.08	232.94	225.55
Profit After Tax	30.03	10.94	5.98
EBITDA	47.65	19.18	13.44