Xtranet Technologies IPO
IT - Software • ₹170 Cr
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
₹127
Lot Size
110 shares
Issue Size
₹170 Cr
Open
23 Jul 2026
Close
27 Jul 2026
Subscription
12.1×
IPO Schedule
| Issue Open Date | 23 Jul 2026 |
| Issue Close Date | 27 Jul 2026 |
| Allotment Date | 28 Jul 2026 |
| Listing Date | 29 Jul 2026 |
About Xtranet Technologies
Xtranet Technologies Limited is an integrated information technology (IT) solutions provider offering end-to-end services across enterprise applications, digital services, managed services, proprietary platforms, and technology partnerships. Incorporated in 2002, the company provides services such as ERP implementation and support, IT system integration, application development and maintenance, data centre solutions, managed IT services, digital signature and Public Key Infrastructure (PKI) solutions, workflow automation, business intelligence, and analytics. Its proprietary platforms include the Synergy low-code digital transformation platform and XtraTrust, which provides digital signature, e-sign, authentication, and time-stamping services. The company serves government departments, public sector undertakings (PSUs), and private sector clients across industries including defence, railways, financial services, manufacturing, healthcare, education, utilities, and telecommunications. Headquartered in Bhopal, Madhya Pradesh, Xtranet Technologies operates through onsite and offshore delivery models supported by its subsidiaries, joint venture, and strategic technology partners.
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 claims to have experience in delivering integrated IT solutions across multiple industries. Its services cater to government departments, public sector undertakings (PSUs), and private ent
- The company claims to have a strong track record in executing government and PSU projects. During FY25, FY24, and FY23, it serviced and completed an aggregate of 147 direct projects and 36 indirect pr
- The company is certified to multiple international standards. It holds ISO/IEC 20000-1:2018 certification for IT Service Management Systems, ISO 22301:2019 for Business Continuity Management Systems,
- The company claims to have developed long-standing relationships with its customers. During FY25, it served approximately 47 domestic customers, of which 27 had been associated with the company contin
- The company claims to have an experienced management team supported by a technically qualified workforce. Promoter Sukhbir Singh Kukreja has over 25 years of experience in IT infrastructure, while pro
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
29 Jul 2026
Price Since Listing
Returns are measured against the ₹127 issue price.
Listing
₹136
+7.1%
1 Week
₹127.94
+0.7%
Current
₹131.25
+3.3%
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 ₹127 per share with a lot size of 110 shares. Minimum investment: ₹13,970.
What does Xtranet Technologies do?
Xtranet Technologies Limited is an integrated information technology (IT) solutions provider offering end-to-end services across enterprise applications, digital services, managed services, proprietary platforms, and technology partnerships. Incorporated in 2002, the company provides services such as ERP implementation and support, IT system integration, application development and maintenance, data centre solutions, managed IT services, digital signature and Public Key Infrastructure (PKI) solutions, workflow automation, business intelligence, and analytics. Its proprietary platforms include the Synergy low-code digital transformation platform and XtraTrust, which provides digital signature, e-sign, authentication, and time-stamping services. The company serves government departments, public sector undertakings (PSUs), and private sector clients across industries including defence, railways, financial services, manufacturing, healthcare, education, utilities, and telecommunications. Headquartered in Bhopal, Madhya Pradesh, Xtranet Technologies operates through onsite and offshore delivery models supported by its subsidiaries, joint venture, and strategic technology partners.
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.