Xtranet Technologies IPO GMP today is Rs 14. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
XTRANET
Xtranet Technologies IPO GMP & Allotment
Xtranet Technologies Limited is an information technology solutions provider that delivers services across enterprise applications, managed services, digital services, and proprietary platforms. The company engages in system integration, enterprise resource planning implementation, cybersecurity, cloud services, and data center management. It caters to government departments, public sector undertakings, and private sector entities operating across diverse industry verticals. Xtranet Technologies Limited generates revenue through a combination of fixed-price contracts, time-and-materials arrangements, and recurring service agreements, obtaining projects through direct competitive bidding and indirect channels such as subcontractors or consortium partners. In addition to delivering IT services, the company procures hardware, software products, and networking components from external suppliers to execute and fulfill its project commitments.
- IPO Price Band
- ₹120.00 - ₹127.00
- Lot Size
- 110 Shares
- Bidding Closes
- 27 Jul 2026
- Listing Date
- 30 Jul 2026
Quick Answer & Highlights
Xtranet Technologies IPO GMP Today & Key Takeaways
Last updated: 27 Jul 2026
Xtranet Technologies IPO officially listed on 30 Jul 2026 at Rs 136.00, delivering a +7.09% listing gain compared to its issue price of Rs 127.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹14.
Xtranet Technologies IPO officially listed on 30 Jul 2026 at ₹136.00, delivering a +7.09% listing gain compared to its issue price of ₹127.00. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹14.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹14 | +11.02% vs upper band (27 Jul 2026) |
| Est. Listing Price | ₹136.00 | +7.09% Est. Listing Gain |
| Price Band | ₹120.00 - ₹127.00 | Mainboard IPO |
| Retail Minimum Investment | ₹13,970 | 1 Lot (110 Shares) |
| Bidding Window | 23 Jul 2026 – 27 Jul 2026 | Listed |
| Allotment & Listing Dates | Allotment: 28 Jul 2026 | Listing: 30 Jul 2026 |
Current GMP Status
₹14
+11.02% vs upper band
Est. Listing Gain
+7.09%
Last Trend
27 Jul 2026
Listing Price
₹136.00
Retail Entry
₹13,970
IPO Details
Complete IPO information
| IPO Open Date | 23 Jul 2026 |
|---|---|
| IPO Close Date | 27 Jul 2026 |
| IPO Price Band | ₹120.00 - ₹127.00 |
| Lot Size | 110 Shares |
| Current GMP | ₹14 |
| Estimated Listing Gain | +7.09% |
| Issue Size | Approx ₹166.80 Cr |
| Fresh Issue | - |
| Issue Type | Mainboard |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 12.24x |
| Minimum Investment | ₹13,970 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Xtranet Technologies is priced at ₹127 per share. With a minimum lot size of 110 shares, a retail investor applying for one lot would need approximately ₹13,970 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Xtranet Technologies stands at ₹14, implying an estimated listing gain of around 11.02% over the issue price if it holds until listing. This is up ₹2 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Xtranet Technologies's IPO was subscribed 12.24x overall, with a category-wise breakdown of Retail 8.98x, QIB 7.13x.
Among the strengths highlighted in Xtranet Technologies's IPO documents: The company provides integrated IT solutions spanning enterprise applications, managed services, digital services, and proprietary platforms.; The company has an unexecuted Order Book standing at ₹35,695.70 lakhs as of April 30, 2026..
Investors should also weigh the risk factors Xtranet Technologies has disclosed, including: The company depends heavily on a limited client base, with its top 10 customers generating 86.72% of Fiscal 2026 revenue..
A share of Xtranet Technologies's issue proceeds is earmarked for Capital Expenditure: 7.3 (4.38%).
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
23 Jul 2026
✓
Bidding Closes
27 Jul 2026
✓
Allotment
28 Jul 2026
✓
Listing
30 Jul 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 23 Jul 2026 | Completed |
| Bidding Closes | 27 Jul 2026 | Completed |
| Allotment | 28 Jul 2026 | Completed |
| Listing | 30 Jul 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 27 Jul 2026 | ₹10.00 | +₹2.00 | 7.87% |
| 24 Jul 2026 | ₹8.00 | -₹5.00 | 6.30% |
| 23 Jul 2026 | ₹13.00 | -₹5.00 | 10.24% |
| 22 Jul 2026 | ₹18.00 | -₹8.00 | 14.17% |
| 21 Jul 2026 | ₹26.00 | - | 20.47% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 110 | ₹13,970 |
| Retail Maximum | 14 Lot | 1,540 | ₹1,95,580 |
| S-HNI Minimum | 15 Lot | 1,650 | ₹2,09,550 |
| S-HNI Maximum | 71 Lot | 7,810 | ₹9,91,870 |
| B-HNI Minimum | 72 Lot | 7,920 | ₹10,05,840 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Capital Expenditure 7.3 (4.38%)
- Repayment Of Borrowings 21.99 (13.18%)
- Working Capital 102 (61.15%)
- General Corporate Purpose 35.51 (21.29%)
Issue Notes
Important takeaways before applying
Strengths
- The company provides integrated IT solutions spanning enterprise applications, managed services, digital services, and proprietary platforms.
- The company has an unexecuted Order Book standing at ₹35,695.70 lakhs as of April 30, 2026.
- The company secured a 99-year lease from the Governor of Madhya Pradesh for land dedicated to its IT Park operations.
- The company serves a client base across both public and private sectors in verticals including automotive, education, and financial services.
- The company maintains proprietary digital solutions and software platforms including XtraTrust, eatNstay, and Peddle Point.
Risks
- The company depends heavily on a limited client base, with its top 10 customers generating 86.72% of Fiscal 2026 revenue.
- The company is exposed to public-sector procurement risks, with Government and PSU clients accounting for 47.06% of Fiscal 2026 revenue.
- The company faces geographic concentration risk, with 85.72% of Fiscal 2026 revenue derived from operations in Maharashtra, Madhya Pradesh, and Delhi.
- The company relies significantly on vendor concentration, with its top 10 suppliers accounting for 95.24% of total purchases in Fiscal 2026.
- The company operates with high working capital requirements, holding ₹11,133.06 lakhs in trade receivables and ₹7,769.36 lakhs in inventory as of Fiscal 2026.
Analysis
Xtranet Technologies IPO Reservation
Xtranet Technologies Limited has allocated the IPO among different investor categories in accordance with the SEBI regulations applicable to book-built public issues. The reservation structure ensures participation from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
A significant portion of the issue has been reserved for institutional investors, while dedicated allocations have also been provided for non-institutional and retail investors, enabling broad participation in the IPO.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Analysis
Xtranet Technologies IPO Anchor Investors
Xtranet Technologies Limited has scheduled its Anchor Investor bidding process one day before the public issue opens. The anchor portion is reserved for eligible Qualified Institutional Buyers (QIBs) and is intended to strengthen institutional participation in the IPO.
The names of the participating anchor investors, total shares allotted, and the final anchor investment amount will be disclosed after the completion of the anchor allocation process.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 22, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The final anchor allocation details, including the names of anchor investors, number of shares allotted, allocation value, and lock-in expiry dates, will be updated after the anchor book is finalized.
Analysis
Xtranet Technologies IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 23 Jul 2026 |
| IPO Close Date | 27 Jul 2026 |
| Basis of Allotment | 28 Jul 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 30 Jul 2026 |
Note: The timeline for Xtranet Technologies IPO is tentative and subject to change.
Analysis
Xtranet Technologies IPO Promoters and Holding Pattern
Xtranet Technologies Limited is promoted by Sukhbir Singh Kukreja, Jogendrapal Singh Alagh, and Shiney Sukhbir. The promoters have played a significant role in establishing and expanding the company's business operations and continue to provide strategic direction for its future growth.
Following the public issue, the promoters will continue to hold a majority stake in the company, reflecting their long-term commitment while also increasing the public shareholding as required under the IPO regulations.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 3,91,51,700 | 83.63% |
| Promoter Holding Post Issue | 5,22,85,700 | 62.63% |
Note: The post-issue shareholding reflects the promoter stake after completion of the IPO. Investors should refer to the final prospectus for the detailed shareholding pattern and any subsequent updates before listing.
Analysis
Xtranet Technologies Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Xtranet Technologies - About IPO
Founded in 2002, Xtranet Technologies is one of the leading IT solutions providers offering a wide range of services including enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships.
Its product range includes Enterprise Applications: ERP, system integration, cloud, infrastructure, and application services. Managed Services: IT infrastructure management and modernization. Digital Services: IaaS, PaaS, and SaaS solutions.Platforms: Synergy (low-code) and XtraTrust. The firm offers its services using both onsite and offshore delivery models, backed by its subsidiaries, joint ventures, and its own technology platforms. Xtranet runs its business through Fixed-price projects, Time-and-materials contracts, Recurring service agreements, and a significant share from Government and PSU clients.
Analysis
Xtranet Technologies Company Financials
To Be Updated Soon
Analysis
Xtranet Technologies Company Valuation – FY2026
To Be Updated Soon
Analysis
Xtranet Technologies IPO Peer Group Comparison
To Be Updated Soon
Analysis
IPO Lead Managers aka Merchant Bankers
- Share India Capital Services Pvt. Ltd.
Comparison
Compare Xtranet Technologies IPO with similar IPOs
FAQ
Xtranet Technologies IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 14 and an issue price of Rs 127, the estimated listing price for Xtranet Technologies IPO is Rs 141.00 (approx 11.02% listing gain). Actual listing price is determined by market demand on the listing day.
Xtranet Technologies IPO price band is Rs 120.00 to Rs 127.00. Check the latest issue price, lot size and GMP together before applying.
Xtranet Technologies IPO open date is 23 Jul 2026, close date is 27 Jul 2026, and listing date is 30 Jul 2026.
Xtranet Technologies IPO lot size is 110 shares. The minimum retail investment is Rs 13,970.
Xtranet Technologies is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Xtranet Technologies IPO subscription status currently shows Retail 8.98x, QIB 7.13x, Overall 12.24x.
Xtranet Technologies Limited is an information technology solutions provider that delivers services across enterprise applications, managed services, digital services, and proprietary platforms. The company engages in system integration, enterprise resource planning implementation, cybersecurity, cloud services, and data center management. It caters to government departments, public sector undertakings, and private sector entities operating across diverse industry verticals. Xtranet Technologies Limited generates revenue through a combination of fixed-price contracts, time-and-materials arrangements, and recurring service agreements, obtaining projects through direct competitive bidding and indirect channels such as subcontractors or consortium partners. In addition to delivering IT services, the company procures hardware, software products, and networking components from external suppliers to execute and fulfill its project commitments.
Xtranet Technologies IPO issue size is 166.80 and the expected allotment date is 28 Jul 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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