Archive · 30 Jul 2026
Xtranet Technologies IPO Debuts at 7% Premium
Xtranet Technologies, a company that helps other businesses use technology, sold new shares to the public on 30 July 2024.
People could buy the shares on two big Indian stock exchanges, NSE and BSE.
The shares started trading at a price a little higher than the price the company set, about 7% more.
Many investors wanted to buy the shares, especially those who are not part of big institutions.
The company raised about ₹166.8 crore from the sale, which it will use to grow its services.
Shares opened at ₹136 on NSE and ₹130.10 on BSE, a 7% premium over the IPO price of ₹127.
The IPO was a fresh issue of 1.31 crore equity shares raising ₹166.8 crore, with no Offer for Sale component.
The grey market premium before listing was ₹10.5 per share, suggesting a listing price near ₹137.5.
Subscription demand was 12.24 times overall, led by Non‑Institutional Investors at 26.65 times.
Allocation: up to 50% to QIBs, at least 35% to Retail Investors, and 15% to Non‑Institutional Investors.
- Who
- Xtranet Technologies, Share India Capital Services, KFin Technologies
- What
- Initial public offering (IPO) listing
- When
- 30 July 2024
- Where
- National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE)
- Why
- To raise capital for business expansion and digital transformation services
- Listing date
- 30 July 2024
- IPO price
- ₹127 per share
- Grey market premium
- ₹10.5 per share
- Estimated listing price
- ₹137.5 per share
- Subscription multiple
- 12.24× overall
- Total raised
- ₹166.8 crore
- Issue size
- 1.31 crore shares
- Allocation
- QIBs 50%, Retail 35%, NIIs 15%
