XTRANET TECHNOLOGIES LTD IPO: Company Review, Subscription and Allotment Updates
2026-07-23 — Company overview and issue details XTRANET TECHNOLOGIES LTD IPO (ABOUT THE COMPANY) XTRANET TECHNOLOGIES LTD – COMPANY BACKGROUND Xtranet Technologies Ltd is an integrated IT solutions provider which specializes in digital…
2026-07-23 — Company overview and issue details
XTRANET TECHNOLOGIES LTD IPO (ABOUT THE COMPANY)
XTRANET TECHNOLOGIES LTD – COMPANY BACKGROUND
Xtranet Technologies Ltd is an integrated IT solutions provider which specializes in digital transformation, enterprise applications, managed services, proprietary platforms, technology partnerships etc. Under enterprise applications, Xtranet Technologies Ltd offers ERP implementation and support. Its digital transformation services are offered on a SAAS model as well as on IAAS (infrastructure as a service) and PAAS (platform as a service) models. Its business model is based on fixed price projects, time / materials contracts, and recurring service agreements. It has a large share of revenues coming from government and from public sector undertakings (PSUs). It employs over 500 persons pan-India.
Xtranet Technologies Ltd has been promoted by Sukhbir Singh Kukreja, Jogendra Pal Singh Alagh, Shiney Sukhbir. The IPO will be entirely by way of a fresh issue of shares, with no offer for sale (OFS) component to it. The fresh issue funds will be used for repayment of loans, capex for purchase of systems / installation, funding working capital needs, and for general corporate purposes. The issue is being lead-managed by Share India Capital Services Private Ltd; while KFIN Technologies Ltd (KFINTECH) is the registrar to the IPO.
HIGHLIGHTS OF THE IPO ISSUE OF XTRANET TECHNOLOGIES LTD
Here are the key highlights of the public issue of Xtranet Technologies Ltd.
The IPO is open from July 23rd, 2026 to July 27th, 2026. It has a face value of ₹10 per share and the IPO price band has been fixed in the range of ₹120 to ₹127 per share.
The IPO of Xtranet Technologies Ltd will be entirely by way of a fresh issue and there will be no offer for sale (OFS) component in the IPO.
The Fresh Issue portion of the IPO comprises the issue of 1,31,34,000 shares (131.34 lakh shares), which at the upper price band of ₹127 per share, translates into a fresh issue size of ₹166.80 crore.
As there is no OFS, the overall IPO issue will also comprise of the fresh issue of 1,31,34,000 shares (131.34 lakh shares), which at the upper price band of ₹127 per share translates into overall issue size of ₹166.80 crore.
Due to the dilutive impact of the fresh issue and the promoter participation in the offer for sale (OFS); promoter’s stake in the company will get reduced from 83.63% to 62.62% of the total shares outstanding post the IPO.
The IPO of Xtranet Technologies Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on July 22, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of Xtranet Technologies Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Thursday, 23 July, 2026 |
| IPO Close Date | Monday, 27 July, 2026 |
| Basis of Allotment | Tuesday, 28 July, 2026 |
| Initiation of Refunds to non-allottees | Wednesday, 29 July, 2026 |
| Credit of Shares to Demat | Wednesday, 29 July, 2026 |
| Listing Date on NSE and BSE | Thursday, 30 July, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | Nil Shares | Not Applicable |
| Anchor Allocation | 39,40,200 shares | 30.00% of total IPO size |
| QIB Shares Offered | 26,26,800 shares | 20.00% of total IPO size |
| NII (HNI) Shares Offered | 19,70,100 shares | 15.00% of total IPO size |
| Retail Shares Offered | 45,96,900 shares | 35.00% of total IPO size |
| Total Shares Offered | 1,31,34,000 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of Xtranet Technologies Ltd for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹ 13,970 |
| Retail (Max) | 14 | 1,540 | ₹ 1,95,580 |
| S-HNI (Min) | 15 | 1,650 | ₹ 2,09,550 |
| S-HNI (Max) | 71 | 7,810 | ₹ 9,91,870 |
| B-HNI (Min) | 72 | 7,920 | ₹ 10,05,840 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 110 shares)
FINANCIAL HIGHLIGHTS OF XTRANET TECHNOLOGIES LTD
The table captures the key financials of Xtranet Technologies Ltd for last 3 financial years.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 365.29 | 276.08 | 232.94 |
| Sales Growth (%) | 32.31% | 18.52% | |
| Profit after Tax (₹ in crore) | 40.73 | 30.03 | 10.94 |
| PAT Margins (%) | 11.15% | 10.88% | 4.70% |
| Total Equity (₹ in crore) | 136.01 | 95.49 | 38.78 |
| Total Assets (₹ in crore) | 341.97 | 321.79 | 202.94 |
| Return on Equity (%) | 29.94% | 31.45% | 28.22% |
| Return on Assets (%) | 11.91% | 9.33% | 5.39% |
| Asset Turnover Ratio (X) | 1.07 | 0.86 | 1.15 |
| Earnings per share (₹) | 10.40 | 8.15 | 3.17 |
| EBITDA (₹ in Crore) | 63.18 | 47.20 | 18.86 |
| EBITDA Margins (%) | 17.30% | 17.10% | 8.10% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
The net profit margins have shown a progressive rising trend; up from 4.7% to 11.2% between FY24 and FY26. The return on equity (ROE) has also improved marginally from 28.2% to 29.9%, while EBITDA margins doubled from 8.1% to 17.3% over last 2 years.
VALUATION METRICS OF XTRANET TECHNOLOGIES LTD IPO
If one looks at the valuation of the company based on the latest FY26 full-year EPS of ₹10.40, it is trading at around 12.2X earnings at the upper band IPO price of ₹127 per share. That is reasonable valuations for the very niche space that the company operates in, and is relatively lower compared to other IT service and SAAS companies in that space.
The company does bring some strengths to the table like deep domain expertise, proven track record, team of trained employees for service delivery, ability to cater to a pan-India audience etc. However, the company is in a business that is being increasingly taken over by new AI models and automation. That will remain an overhang for the business model of Xtranet Technologies Ltd. Investors will have to be cautious about that reality!
2026-07-23 — Anchor allocation
XTRANET TECHNOLOGIES LTD IPO (ANCHOR ALLOCATION 30.00%)
BRIEF ON ANCHOR ALLOCATION OF XTRANET TECHNOLOGIES LTD
The anchor issue of Xtranet Technologies Ltd saw a strong response on 22nd July 2026 with 30.00% of the IPO size absorbed by anchors. Out of 1,31,34,000 shares (131.34 lakh shares) on offer in the IPO, anchors picked up 39,40,200 shares (39.40 lakh shares) accounting for 30.00% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹127 per share. This includes the face value of ₹10 per share plus a share premium of ₹117 per share. The anchor bidding opened and closed on 22nd July 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Xtranet Technologies Ltd
| Bid Date | July 22, 2026 |
|---|---|
| Shares Offered | 39,40,200 shares |
| Anchor Portion Size (₹ in crore) | ₹50.04 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Aug 27, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Oct 26, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN XTRANET TECHNOLOGIES LTD
On 22nd July 2026, Xtranet Technologies Ltd allotted 39,40,200 shares to a total of 10 anchor investors. The allocation was done at the upper IPO price band of ₹127 per share which resulted in overall anchor allocation of ₹50.04 crore. The anchors have already absorbed 30.00% of the total issue size of ₹166.80 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹50.04 crores, or, 100.00% of the overall anchor allocation of shares, one trading day ahead of the IPO of Xtranet Technologies Ltd. The individual anchor allocation of top-10 investors is indexed descending on the number of shares allotted, and captured in the table below.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Saint Capital Fund | 6,30,960 | 16.01% | ₹ 8.01 |
| 02 | Viney Growth Fund | 6,30,960 | 16.01% | ₹ 8.01 |
| 03 | Innovative Vision Fund | 5,51,540 | 14.00% | ₹ 7.00 |
| 04 | Trendview Capital Fund (Longthrive) | 5,51,100 | 13.99% | ₹ 7.00 |
| 05 | Venus Stellar Fund | 3,94,020 | 10.00% | ₹ 5.00 |
| 06 | Tiger Strategies Fund - I | 3,94,020 | 10.00% | ₹ 5.00 |
| 07 | Steptrade Revolution Fund | 3,93,800 | 9.99% | ₹ 5.00 |
| 08 | Taurus Flexi Cap Fund | 2,36,280 | 6.00% | ₹ 3.00 |
| 09 | Taurus Mid Cap Fund | 78,760 | 2.00% | ₹ 1.00 |
| 10 | Taurus ELSS Tax Saver Fund | 78,760 | 2.00% | ₹ 1.00 |
| Grand Total | 39,40,200 | 100.00% | ₹ 50.04 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.
Out of the 39,40,200 shares allocated to the anchors in the IPO, there was an allocation of 3,93,800 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual fund was spread across 3 MF schemes of 1 asset management company (AMC). Mutual funds accounted for 9.99% of the overall anchor allocation.
Out of the 39,40,200 shares allocated to the anchors in the IPO, there was NIL allocation made to Life Insurance Companies regulated by IRDAI. The anchor allocation was spread across domestic mutual funds and AIFs.
NEXT STEPS IN XTRANET TECHNOLOGIES LTD IPO
Post the closure of the IPO subscription on 27th July 2026, the basis of allotment will be finalized on 28th July 2026 and the refunds will be initiated on 29th July 2026. In addition, the demat credits are expected to also happen on 29th July 2026 and the stock will list on 30th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 29th July 2026 under ISIN (INE0NG701011).
2026-07-27 — Allotment guidance and next steps
Xtranet Technologies Ltd (How to check allotment status online)
ABOUT THE XTRANET TECHNOLOGIES LTD IPO
The IPO of Xtranet Technologies Ltd opened on July 23rd, 2026 and closed on July 27th, 2026. The IPO comprised entirely of a fresh issue portion of 1,31,34,000 shares (131.34 lakh shares) worth ₹166.80 crore at the upper band price of ₹127 per share. There was no offer for sale (OFS) component in the IPO. The allotment status will be finalized by EOD of July 28, 2026. Here is how to check allotment status for the IPO of Xtranet Technologies Ltd. You can check IPO status on BSE or NSE or IPO Registrar website of KFIN Technologies Ltd (KFINTECH).
CHECKING ALLOTMENT STATUS OF XTRANET TECHNOLOGIES LTD ON BSE WEBSITE
This is a common link for all mainboard IPOs. Click on BSE link for IPO allotment as below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select Xtranet Technologies Ltd from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip
Alternatively, Enter your PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify you are not a robot
Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Xtranet Technologies Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF XTRANET TECHNOLOGIES LTD ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity & SME IPO Details Option
Under SELECT SYMBOL – Select XTRANET from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip
Enter your PAN (10-digit alphanumeric) number
Once both are entered, click on the Submit Button
You must input the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Xtranet Technologies Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF XTRANET TECHNOLOGIES LTD ON KFIN TECHNOLOGIES LTD (REGISTRAR TO THE IPO)
Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:
https://kosmic.kfintech.com/ipostatus/
KFIN Technologies Ltd provides details of IPOs managed by them and where allotment status is finalized. Radio buttons allow you to opt to see all IPOs or just recent IPOs. The latter option reduces the list of IPOs to search. Once you click on Recent IPOs, dropdown shows recent active IPOs, where allotment status is finalized. Select Xtranet Technologies Ltd.
THERE ARE 3 WAYS TO QUERY ALLOTMENT STATUS ON KFIN TECHNOLOGIES LTD
To Query by Application Number, check the appropriate box and follow these steps.
Enter the Application Number as it is
Enter the 6-digit Captcha Code
Click on Submit button
Allotment Status gets displayed on screen
Unlike in the past, now you do not have to select ASBA versus Non-ASBA option.
To Query by Demat Account, check the appropriate box and follow these steps.
First select the depository (NSDL / CDSL)
Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)
Enter the Client-ID in the second box
For NSDL, the Demat account is 2 strings; for CDSL it is just 1 string
Enter the 6-digit Captcha Code
Click on Submit button
Allotment Status gets displayed on screen
To Query by PAN, check the appropriate box and follow these steps.
Enter the 10-Character PAN number, available on your PAN card
After you enter the PAN number, Enter the 6-digit numeric Captcha Code
Click on Submit button
Allotment status gets displayed on screen
If captcha code is not clear; toggle for more options. Retain a screenshot of the allotment status output for future reference. This can be tallied with demat credit post allotment.
NEXT STEPS IN THE XTRANET TECHNOLOGIES LTD IPO
Post the closure of the IPO subscription on 27th July 2026, the basis of allotment will be finalized on 28th July 2026 and the refunds will be initiated on 29th July 2026. In addition, the demat credits are expected to also happen on 29th July 2026 and the stock will list on 30th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 29th July 2026 under ISIN (INE0NG701011).
Interested in applying for this IPO?
SERNET is an Authorised Person of Choice Equity Broking Pvt. Ltd. (SEBI Reg. No. INZ000160131). All broking services — trading, demat and IPO applications — are provided by Choice Equity Broking.
New to Choice FinX? Open a free account →
Already have an account? Log in to Choice FinX →
Disclaimer: Investments in securities markets are subject to market risks. Broking services are provided by Choice Equity Broking Pvt. Ltd.; SERNET is not a stock broker.
Was this article helpful?