Xtranet IPO: ₹167 Cr Fresh Issue to Launch July 23

Xtranet Technologies is preparing for its Initial Public Offering (IPO), with the subscription period scheduled from July 23 to July 27. The company has set the price band for its shares at ₹120-127. This offering represents a completely fresh issue of 1.31 crore equity shares, aiming to raise a total of ₹166.8 crore, with no component involving an offer for sale.

The anticipated listing date for Xtranet Technologies' shares on both the BSE and NSE is July 30. For retail investors, the minimum investment required is ₹13,970, corresponding to 110 shares at the upper price band. The issue structure allocates up to 50% for Qualified Institutional Buyers, a minimum of 35% for Retail Individual Investors, and at least 15% for Non-Institutional Investors.

Financially, Xtranet Technologies reported a 32% year-on-year increase in total income to ₹366.01 crore in FY26. Profit after tax grew by 36% to ₹40.73 crore, with EBITDA rising to ₹63.18 crore. Despite this growth, brokerage firm SBI Securities noted risks such as customer concentration and dependence on government contracts, maintaining a 'Neutral' stance.