Xtranet Technologies is expected to finalise its IPO allotment on Tuesday, with investors who subscribed to the Rs 166.80 crore issue set to find out whether they have been allotted shares. The stock is scheduled to debut on the BSE and NSE on July 30.
Grey market sentiment remains positive ahead of the listing. The latest Grey Market Premium (GMP) stands at around Rs 8 per share, implying a listing price of about Rs 135, around 6% above the IPO's upper issue price of Rs 127. While the GMP reflects unofficial market sentiment, it is not a reliable indicator of the stock's actual listing-day performance.
The IPO, which was open for subscription from July 23 to July 27, was subscribed 12.24 times overall, driven by robust demand across investor categories. The Non-Institutional Investor (NII) portion led with a 26.65-times subscription, followed by the retail segment at 8.98 times and Qualified Institutional Buyers (QIBs) at 7.13 times.
The Rs 166.80 crore public issue comprised entirely a fresh issue of 1.31 crore equity shares, with no Offer for Sale (OFS) component. The proceeds will be used to fund the company's expansion plans and other business requirements. Shares were offered in a price band of Rs 120-127 apiece.
Share India Capital Services was the book-running lead manager for the issue, while KFin Technologies served as the registrar.
How to check Xtranet Technologies IPO allotment status
Investors can check their allotment status through any of the following platforms:
1. KFin Technologies (Registrar)
- Visit the KFin Technologies IPO allotment page ( https://ipostatus.kfintech.com/ )
- Select Xtranet Technologies from the drop-down menu.
- Enter your PAN, application number, or DP/Client ID.
- Click Submit to view your allotment status.
2. NSE
- Visit the NSE IPO allotment page. ( https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids )
- Select Equity.
- Choose Xtranet Technologies from the list.
- Enter your application number and PAN to check the status.
3. BSE
- Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
- Now tick Equity under issue type.
- Choose Xtranet Technologies from the dropdown menu.
- Enter your application number or PAN.
- Complete the captcha verification and click Search to view your allotment details.
About Xtranet Technologies
Founded in 2002, Xtranet Technologies is an integrated IT solutions provider offering services across digital transformation, cloud computing, cybersecurity, managed services and IT infrastructure. Its offerings include ERP implementation, system integration, network and security solutions, cloud integration, virtualization, data centre management, application development and infrastructure management.
The company also provides cloud-based services through Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) models. Its proprietary products include Synergy, a low-code digital transformation platform, and XtraTrust. Xtranet generates revenue through fixed-price contracts, time-and-material engagements and recurring service agreements, with government departments and public sector undertakings (PSUs) accounting for a significant share of its business. As of April 30, 2026, the company had 504 permanent employees.
IPO proceeds
The company plans to use Rs 102 crore from the IPO proceeds to meet its working capital requirements. It has earmarked Rs 21.99 crore for the repayment or prepayment of borrowings and Rs 7.30 crore for capital expenditure, including system and hardware upgrades. The remaining funds will be used for general corporate purposes.
Financial performance
Xtranet Technologies reported strong growth in FY26, driven by higher revenue and improved profitability.
Total income rose 32% year-on-year to Rs 366 crore from Rs 276 crore in FY25, while profit after tax (PAT) increased 36% to Rs 41 crore. EBITDA climbed to Rs 63 crore from Rs 47 crore in the previous fiscal.
At the upper end of the price band, the company is valued at a pre-IPO market capitalisation of Rs 664 crore.
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