Q2. Why is the company raising funds via IPO?

Xtranet Technologies is raising funds via IPO to repay debt, strengthen IT infrastructure, meet working capital needs, and support growth initiatives.

Q3. What is the size of the issue and where will it list?

The issue size of the IPO is approx ₹ 190 crore. It will be listed on the BSE & NSE platform.

Q4. What are the risks to an investor?

Risk factors include sector competition, dependence on key clients, demand cyclicality, project execution, working capital pressures, and valuation uncertainties until price band is set.

Q5. What are the potential upsides?

Strong points about the company includes strong growth in digital services demand, proprietary platforms offering differentiation, diversified client base, and long industry track record.

Q6. How to apply for the IPO?

You can apply for the IPO online via ASBA through bank UPI or through broker platforms (Zerodha, Groww, Angel One, etc.).

Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

Xtranet Technologies Limited is an India‑based full‑service information technology and IT‑enabled services company offering enterprise applications, digital transformation solutions, managed IT operations, and proprietary platforms such as low‑code application builder Synergy and digital trust services under XtraTrust.
The company caters to clients across sectors including government and public sector undertakings, helping organisations modernise and manage critical technology infrastructure and services.

Xtranet Technologies serves a diverse global customer base across government departments, PSUs, and private sector clients spanning multiple industries, supported by offices in India, the USA, Canada, Singapore, and the UAE, reflecting a significant service footprint.

Xtranet Technologies Limited has filed DRHP with SEBI for a proposed IPO with an issue size of total ₹190 crore consisting Fresh Issue of ₹190 crore and no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP

Check IPO Allotment

Visit Official Website

Issue Size:	₹ 190 Cr
Fresh Issue:	₹ 190 Cr
Offer for Sale:	₹ 00 Cr
Price Range:	TBA
Lot Size:	TBA
GMP	Pending

Xtranet Technologies Limited important data points

Revenue, PAT, EBITDA

Year	Fiscal 2025
Networth	₹ 95.5 Cr
Revenue:	₹ 276.1 Cr
EBITDA	₹ 47.6 Cr
PAT	₹ 30 Cr
EBITDA Margin:	~17.26%
PAT Margin	~10.86%
Face Value:	Rs. 10 per Equity Share

IPO important dates

Open Date:	TBA
Close Date:	TBA
Anchor Investor Bidding	TBA
Allotment Date:	TBA
Refunds & Demat Credit	TBA
Tentative Listing Date:	TBA

Use of Proceeds

Purpose	Amount
Borrowing repayment	₹ 21.99 Cr
Capital expenditure for technology and infrastructure	₹ 7.30 Cr
Working Capital Requirement	₹ 102 Cr
General Corporate Purpose	Balance

Xtranet Technologies Limited Financial Data

	2023	2024	2025
Revenue (₹ Cr)	₹ 222.6	₹ 232.9	₹ 276.1
PAT (₹ Cr)	₹ 6.0	₹ 10.9	₹ 30.0
Asset (₹ Cr)	₹ 224.0	₹ 202.9	₹ 321.8
Net Worth (₹ Cr)	₹ 26.2	₹ 38.8	₹ 95.5

Xtranet Technologies IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit per lot
31-Jan	₹ –	₹ –	₹ –
30-Jan	₹ –	₹ –	₹ –
29-Jan	₹ –	₹ –	₹ –
28-Jan	₹ –	₹ –	₹ –
27-Jan	₹ –	₹ –	₹ –

Xtranet Technologies Limited IPO Pros & Cons

Strengths:

Strong historical revenue and profit growth, with PAT nearly tripling in the latest fiscal year.
Established track record with Government and PSU clientele, offering potential steady contract revenue.
Proprietary digital platforms such as Synergy and XtraTrust provide differentiation in services.
Experienced management team and long industry presence since 2002.
100% fresh issue proceeds aimed at expansion, which will support growth rather than just refinancing.

Risks:

Heavy dependence on a limited set of major customers could pose revenue concentration risk.
Price band and valuation not yet disclosed, making it hard to assess fair value pre‑IPO.
Working capital requirements and execution risks in large IT projects may pressure cash flows.
Economic and industry cyclicality can impact IT spending and project volumes.
Market competition in IT services is intense, and the company may face price and client pressure from larger peers.

Xtranet Technologies Limited Promoters – Pre offer equity (Approx)

Sukhbir Singh Kukreja	~42.16%
Jogendrapal Singh Alagh	~26.38%
Shiney Sukhbir	~8.91%

Xtranet Technologies Limited Lot Size details

Application Type	Lot Size	No. of Lots	No. of Shares	Investment Amount
Retail(Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
Small HNI (Min)	–	14	–	₹ –
Small HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Lead Managers / Registrars of Xtranet Technologies Limited

Lead / Book Running Lead Managers	Share India Capital Services Private Limited
Registrar (RTA)	KFin Technologies Limited

Founding Year of Xtranet Technologies Limited & Managing Director

Xtranet Technologies Limited was incorporated in the year 2002.

Mr. Sukhbir Singh Kukreja serves as the Managing Director of the company.

Xtranet Technologies Limited FAQ

Q1. What is the business of Xtranet Technologies Limited?

It is an integrated IT services and solutions provider offering enterprise applications, digital transformation, managed services, and proprietary platforms to government, PSU, and private clients.

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Q2. Why is the company raising funds via IPO?

Xtranet Technologies is raising funds via IPO to repay debt, strengthen IT infrastructure, meet working capital needs, and support growth initiatives.

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Q3. What is the size of the issue and where will it list?

The issue size of the IPO is approx ₹ 190 crore. It will be listed on the BSE & NSE platform.

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Q4. What are the risks to an investor?

Risk factors include sector competition, dependence on key clients, demand cyclicality, project execution, working capital pressures, and valuation uncertainties until price band is set.

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Q5. What are the potential upsides?

Strong points about the company includes strong growth in digital services demand, proprietary platforms offering differentiation, diversified client base, and long industry track record.

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Q6. How to apply for the IPO?

You can apply for the IPO online via ASBA through bank UPI or through broker platforms (Zerodha, Groww, Angel One, etc.).

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Q 7. When is the tentative listing date?

Expected listing date is yet to be announced.

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