Xtranet Technologies IPO Subscribed 4x on Day 3

Xtranet Technologies, an IT solutions company, is offering shares to the public for the first time.

So far, the IPO has been very popular, with investors asking for more than four times the shares available.

The company provides services like cloud computing, cybersecurity, and IT infrastructure management.

Analysts have different opinions: some think it's a good investment for the medium term, while others are more cautious due to risks like relying too much on government contracts.

The shares are expected to start trading on July 30, and the company hopes to raise ₹166.8 crore from this IPO.