Thursday, Jul 23, 2026 15:07:46
Mumbai (Maharashtra) [India], July 23: Xtranet Technologies Limited is an India-based information technology solutions and services provider, proposes to open its Initial Public Offering on Thursday, July 23, 2026 aiming to raise ₹ 166.80 Crore (At Upper Price Band), with shares to be listed on the NSE & BSE platform.
The Issue size is ₹ 166.80 Crore with a price band of ₹ 120 – ₹ 127 Per Share.
Equity Share Allocation
• QIB – Not More Than 50% of the Issue
• NII– Not Less Than 15% of the Issue
• Individual Investors – Not Less Than 35% of the Issue
The net proceeds from the IPO will be utilized for Repayment/pre-payment, in full or in part, of certain outstanding borrowings, Capital expenditure by Company for purchase and installation of systems and hardware, to meet working capital requirements and General Corporate Purposes. The Anchor bidding is on Wednesday, July 22, 2026, issue will open on Thursday, July 23, 2026 and will close on Monday, July 27, 2026.
The Book Running Lead Manager to the Issue Share India Capital Services Private Limited & The Registrar to the Issue is Kfin Technologies Limited.
Mr. Sukhbir Singh Kukreja, Promoter & Managing Director of Xtranet Technologies Limited expressed, “Our journey began in 2002 with a focus on IT services and system integration. Over the years, we expanded our capabilities across enterprise applications, managed services, digital transformation, data centres, disaster recovery and proprietary software platforms. We have built long-term relationships with government departments, PSUs and enterprise customers while executing projects across multiple states. The launch of our proprietary platforms, Synergy and XtraTrust in recent past, marks the next phase of our business, complementing our services with platform-led offerings.
The proceeds from the IPO will support the expansion of our delivery capabilities and strengthen our ability to execute larger and more complex projects. These investments will help us increase our customer base, expand our presence across sectors and geographies, and build recurring revenue through managed services and platform-led solutions.”
Mr. Sachin Gupta, Director of Share India Capital Services Private Limited said, “Xtranet Technologies Limited has built its business over more than two decades by expanding from IT system integration to enterprise applications, managed services, digital transformation and proprietary software platforms. The Company has established relationships with government departments, PSUs and enterprise customers, supported by an order book and a business model that combines project execution with recurring managed services.
The proposed IPO is intended to support the Company’s next phase of growth by enabling investment in delivery capabilities and business expansion. We believe these investments will strengthen its execution capacity, support a larger project pipeline, increase platform-led revenues and broaden its presence across sectors and geographies. We are pleased to partner with the Company on its journey to the capital markets.
