Archive · 21 Jul 2026
Xtranet Technologies IPO Launching on 23 July
Xtranet Technologies is launching its IPO on 23 July, with a price band of ₹120-127 per share.
The company aims to raise ₹166.8 crore through this IPO, which will be listed on both the BSE and NSE.
The grey market premium suggests a potential 20% listing pop.
The company has shown strong financial growth, with revenue, EBITDA, and PAT growing at 25%, 83%, and 91% CAGR respectively from FY24 to FY26.
However, SBI Securities has given a neutral rating due to risks like customer concentration and dependence on government contracts.
Xtranet Technologies IPO opens on 23 July with a price band of ₹120-127 per share.
The IPO aims to raise ₹166.8 crore through a fresh issue of 1.31 crore equity shares.
Grey market premium indicates a potential 20% listing pop, with an estimated listing price of ₹153 per share.
The company has shown strong financial growth, with revenue, EBITDA, and PAT growing at 25%, 83%, and 91% CAGR respectively from FY24 to FY26.
SBI Securities has given a neutral rating to the IPO, citing risks like customer concentration and dependence on government contracts.
- Who
- Xtranet Technologies
- What
- IPO launch
- When
- 23 July to 27 July
- Where
- BSE and NSE
- Why
- To raise ₹166.8 crore for business expansion
Buy
Neutral
Investment Potential
Buy
The IPO shows strong grey market premiums and potential for a 20% listing pop, indicating strong investor interest.
Neutral
The IPO is valued at 16.6x FY26 post-issue earnings, which is reasonable but comes with risks like customer concentration and dependence on government contracts.
- IPO Date
- 23 July to 27 July
- Price Band
- ₹120-127 per equity share
- Listing Date
- 30 July (tentative)
- Issue Size
- ₹166.8 crore
- Minimum Investment (Retail)
- ₹13,970
- Grey Market Premium (GMP)
- +26
- Estimated Listing Price
- ₹153 per share
- Revenue Growth (FY24-FY26)
- 25% CAGR
- EBITDA Growth (FY24-FY26)
- 83% CAGR
- PAT Growth (FY24-FY26)
- 91% CAGR
