Xtranet Technologies Limited is an integrated information technology (IT) solutions provider offering end-to-end technology services, including enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships.
The company serves enterprise, government, and public sector clients across various industries through a combination of onsite and offshore delivery models.
Business Offerings:
- Enterprise Applications: ERP, application development, IT system integration, cloud, cybersecurity, and data centre solutions.
- Managed Services: End-to-end IT infrastructure management, including design, implementation, modernization, monitoring, and maintenance of enterprise IT infrastructure.
- Digital Services: Digital transformation solutions, Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), cloud-enabled solutions, and business process automation.
- Proprietary Platforms: Synergy low-code platform and XtraTrust digital signature & PKI solutions.
Xtranet’s operational capabilities are supported by globally recognized quality certifications, including CMMI SVC Level 5, ISO 9001 (Quality Management), ISO 27001 (Information Security Management), ISO 20000 (IT Service Management), and ISO 22301 (Business Continuity Management).
The company generates revenue through fixed-price projects, time-and-material contracts, recurring managed service agreements, and platform-based services. A significant portion of its business is derived from Government departments and Public Sector Undertakings (PSUs) through competitive bidding.
As of March 31, 2025, Xtranet Technologies had 242 permanent employees supporting its operations across various business functions.
Xtranet Technologies IPO – Details
| IPO Opening Date | 23 July 2026 |
| IPO Closing Date | 27 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,31,34,000 Shares Worth ₹166.80 Crore Fresh Issue: 1,31,34,000 Shares Worth ₹166.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹120 – ₹127 per share |
| Market Lot | 110 Shares |
| Min Order | 110 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Xtranet Technologies IPO – Date Schedule
| IPO Open Date | 23 July 2026 |
| IPO Close Date | 27 July 2026 |
| Basis of Allotment | 28 July 2026 |
| Initiation of Refund | 29 July 2026 |
| Credit of Shares to Demat Account | 29 July 2026 |
| IPO Listing Date | 30 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 27, 2026 |
Xtranet Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹13,970 |
| Retail (Max) | 14 | 1540 | ₹1,95,580 |
| S-HNI (Min) | 15 | 1650 | ₹2,09,550 |
| S-HNI (Max) | 71 | 7810 | ₹9,91,870 |
| B-HNI (Min) | 72 | 7920 | ₹10,05,840 |
Competitive Strength
- Proven track record in executing projects for Government and PSU clients.
- Long standing relationship with marquee customer base.
- Experienced Management Team.
- Geographic Presence and Multi-Location Operations.
Company Promoters
- Sukhbir Singh Kukreja
- Jogendrapal Singh Alagh
- Shiney Sukhbir
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹222.78 Cr | ₹215.04 Cr | ₹5.98 Cr | ₹7.37 Cr |
| 31 March 2024 | ₹233.26 Cr | ₹217.33 Cr | ₹10.94 Cr | ₹41.19 Cr |
| 31 March 2025 | ₹276.53 Cr | ₹237.75 Cr | ₹30.03 Cr | ₹39.24 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| PAT Margin | – |
| EBITDA Margin | – |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company. | ₹21.99 |
| Capital expenditure by the Company for the purchase and installation of Systems and Hardware. | ₹7.30 |
| To Meet Working Capital Requirements. | ₹102.00 |
| General Corporate Purpose. |
Xtranet Technologies IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Silver Touch Technologies Limited | 68.30 |
| 2 | 10 | Dynacons Systems & Solutions Limited | 18.40 |
| 3 | 10 | Coforge Limited | 40.80 |
✅Strengths
- Strong expertise in enterprise IT and digital transformation solutions across multiple industries.
- Proven execution track record with Government and PSU clients.
- Experienced management team supported by a skilled workforce.
- Certified with CMMI Level 5 and multiple ISO standards.
⚠️Risks
- High dependence on Government & PSU projects for revenue.
- Revenue is concentrated among a few large customers.
- Cybersecurity and data privacy risks due to handling sensitive data.
- Ongoing litigations and trademark-related issues may impact the business.
Xtranet Technologies IPO Promoter Holding
| Pre-Issue Share Holding | 83.63% |
| Post Issue Share Holding | 62.63% |
Xtranet Technologies IPO Prospectus
- Xtranet Technologies IPO DRHP
- Xtranet Technologies IPO RHP
Company Contact Information
| Xtranet Technologies Limited Z-24, Zone – 1, M.P. Nagar, Bhopal, Madhya Pradesh, 462011 Phone: +91 1143547623 Email: compliance@xtranetindia.com Website: https://xtranetindia.com/ |
Xtranet Technologies IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: xtranet.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Xtranet Technologies IPO Lead Manager(s)
| 1. Share India Capital Services Pvt. Ltd. |
Xtranet Technologies IPO FAQs
| What is the Xtranet Technologies IPO? Xtranet Technologies IPO is a main-board IPO. The issue is priced at ₹120 to ₹127 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Xtranet Technologies IPO open? The IPO is to open on 23 July 2026 for QIB, NII, and Retail Investors. |
| What is Xtranet Technologies IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Xtranet Technologies IPO Size? Xtranet Technologies IPO size is ₹166.80 Crore. |
| What are the Xtranet Technologies IPO Minimum and maximum lot sizes for Retail? The minimum bid is 110 Shares with ₹13,970, while the maximum bid is 1540 Shares with ₹1,95,580. |
| What is the Xtranet Technologies IPO Allotment Date? Xtranet Technologies IPO allotment date is 28 July 2026. |
| What is the Xtranet Technologies IPO Listing Date? Xtranet Technologies IPO listing date is 30 July 2026. The IPO is to be listed on the BSE and the NSE. |
