Xtranet Technologies IPO
Xtranet Technologies IPO closed on 27 Jul 2026. Allotment 28 Jul 2026, listing 30 Jul 2026. Price band ₹120–₹127, lot 110 shares, GMP +₹14 (11.02%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | Mainboard · NSE & BSE |
| Price band | ₹120–₹127 |
| Lot size | 110 shares |
| Minimum investment | ₹13,970 |
| Issue size | ₹166.8 Cr |
| GMP | +₹14 (11.02%) |
| Open date | 23 Jul 2026 |
| Close date | 27 Jul 2026 |
| Allotment date | 28 Jul 2026 |
| Listing date | 30 Jul 2026 |
| Registrar | KARVY |
About Xtranet Technologies
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…
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.