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Xtranet Technologies Ltd.
Closed
Price Band
₹120 to ₹127
IPO Issue Period
23 Jul to 27 Jul, 2026
Issue Size
₹167 Cr
Face value
₹10 per share
Fresh issue
₹167 Cr
Offer for sale
NIL
Minimum Shares for Retail
110 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue - IPO
Registrar to the Issue
Kfin Technologies Ltd.
Tentative Listing Date
Thu, Jul 30, 2026
QIB
50%
NII
15%
Retail
35%

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Company Profile

Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider offering end-to-end services such as enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships. The company serves customers across industries.

Its services are delivered through a mix of onsite and offshore models, supported by subsidiaries, joint ventures, and in-house platforms.

Business Offerings:

Enterprise Applications: ERP Implementation and support services, IT System Integration Services i.e., Network and Security Solution, Virtualization and Cloud Integration, Infrastructure Management Services, etc., Data Centres managment, Application Development & maintenance, etc.

Managed Services: Infrastructure management services covering the design, establishment, and modernization of IT infrastructure.

Digital Services: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS)

Proprietary platforms: Synergy low-code digital transformation, XtraTrust platform

It derives revenue from fixed-price projects, time-and-materials contracts, and recurring service agreements, with a significant share from Government and PSU clients.

As on April 30, 2026, the company employed 504 permanent employees.

For the year/period ended (Rs. in Cr.)

FY26 FY25 FY24
Total Revenue 365.28 276.08 232.94
Profit After Tax 40.72 30.03 10.94
EPS 10.40 8.15 3.17
EBITDA Margin (%) 17.30 17.10 8.10
PAT Margin (%) 11.15 10.88 4.70

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY26
Net Profits(Cr.)
FY26
Xtranet Technologies 664.03* 127 5.21 12.21 365.28 40.72
Silver Touch Technologies 2,476 195 14.6 69.2 346 35.7
Coforge 66,193 1,496 5.27 40.3 16,403 1,745

*Market cap @upper band

 

  • 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.

The Company IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company (Rs 21.99 Cr)
  • Capital expenditure by our Company for purchase and installation of Systems and Hardware; (Rs 7.30 Cr)
  • To Meet Working Capital Requirements (Rs 102 Cr)
  • General corporate purposes.

At the upper band of IPO ₹ 127, the stock is valued at 12.21 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.