Overview
Xtranet Technologies Limited, an integrated information technology solutions provider based in Mumbai, announced that its Initial Public Offering will open on Thursday, 23 July 2026. The issue aims to raise ₹166.80 crore at an upper price band of ₹127 per share, with the price range set between ₹120 and ₹127 per share.
Issue Structure and Allocation
The total issue size is ₹166.80 crore. Allocation guidelines stipulate that Qualified Institutional Buyers (QIB) may receive not more than 50 % of the issue, Non‑Institutional Investors (NII) must receive at least 15 %, and individual investors must receive at least 35 % of the issue. Anchor bidding is scheduled for Wednesday, 22 July 2026; the issue will close on Monday, 27 July 2026. Share India Capital Services Private Limited acts as the Book‑Running Lead Manager, and Kfin Technologies Limited is appointed as the Registrar.
Use of Proceeds
The net proceeds are earmarked for repayment or pre‑payment of certain outstanding borrowings, capital expenditure for purchase and installation of systems and hardware, working‑capital requirements, and general corporate purposes.
Management Commentary
Promoter and Managing Director Mr Sukhbir Singh Kukreja highlighted the company’s evolution since its 2002 inception, noting expansion into enterprise applications, managed services, digital transformation, data‑centres, disaster recovery and proprietary platforms such as Synergy and XtraTrust. He stated that the IPO proceeds will fund delivery‑capability expansion, larger project execution, broader sector and geographic presence, and growth of recurring revenue from managed services and platform‑led solutions.
Director of Share India Capital Services Private Limited, Mr Sachin Gupta, reiterated the company’s two‑decade track record and affirmed that the IPO will support the next phase of growth by enabling investment in delivery capabilities, expanding the project pipeline, and increasing platform‑led revenues.
Business Profile
Xtranet Technologies delivers end‑to‑end IT services including ERP implementation, system integration, data‑centre and disaster‑recovery services, application development, infrastructure management and digital transformation. Its proprietary low‑code platform Synergy and PKI‑based authentication platform XtraTrust complement its service offerings. The firm executes projects across multiple Indian states, focusing on government and PSU‑driven digital infrastructure initiatives.
Financial Performance FY26
For the fiscal year 2026, Xtranet Technologies reported revenue of ₹36,528.74 lakh, EBITDA of ₹6,317.85 lakh and profit after tax of ₹4,072.76 lakh.
Additional Information
The issue will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) upon completion.