Xtranet Technologies IPO
IT - Software • ₹167cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Heavy dependence on government or PSU customers
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹120-127
Lot Size
110 shares
Issue Size
₹167cr
Open
23 Jul 2026
Close
27 Jul 2026
Subscription
12.1×
GMP +₹14.5 → est. ₹141.5
IPO Schedule
| Issue Open Date | 23 Jul 2026 |
| Issue Close Date | 27 Jul 2026 |
| Allotment Date | 28 Jul 2026 |
| Listing Date | 30 Jul 2026 |
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. Discuss on Trading Q&A
Company Details
Founders / Promoters
Mr Sukhbir Singh Kukreja
Founded
2002
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Xtranet Technologies — IPOFins Verdict
QuantitativeDriven by QIB demand at 7.1x and elevated disclosed risk (7/10), Xtranet Technologies listed at a premium of 7.1% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- 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.
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score +1.0
Strong retail interest → score +0.5
Actual listing outcome → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹127
Listing Price
₹136
Listing Gain/Loss
+7.09%
Listing Date
30 Jul 2026
Price Since Listing
Returns are measured against the ₹127 issue price.
Listing
₹136
+7.1%
Want to buy this stock?
Trade Xtranet Technologies on the secondary market
FAQ
What is the price band of Xtranet Technologies IPO?
The price band is ₹120-127 per share with a lot size of 110 shares. Minimum investment: ₹13,970.
What does Xtranet Technologies do?
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. Discuss on Trading Q&A
Should I apply for Xtranet Technologies IPO?
Xtranet Technologies listed at ₹136 (+7.1% premium to the ₹127 issue price) after 12.1x subscription. IPOFins Score 6/10: Driven by QIB demand at 7.1x and elevated disclosed risk (7/10), Xtranet Technologies listed at a premium of 7.1% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Xtranet Technologies?
Xtranet Technologies was founded by Mr Sukhbir Singh Kukreja in 2002.