Archive · 24 Jul 2026
Xtranet Technologies IPO Subscribed 1.11x on Day 2
Xtranet Technologies is launching its IPO from 23 July to 27 July, with a price band of ₹120-127 per share.
The IPO was fully subscribed on the first day, with a subscription status of 1.11x.
The grey market premium (GMP) is currently +8, suggesting a potential listing price of ₹135 per share, which is 6.30% higher than the IPO price.
SBI Securities has given a neutral rating due to risks like customer concentration and dependence on government contracts, while Swastika Investmart recommends subscribing for medium-term investors.
The IPO aims to raise ₹166.8 crore through a fresh issue of 1.31 crore shares, with no offer for sale component.
Xtranet Technologies IPO was subscribed 1.11x on the first day, with retail and NII portions subscribed 1.37x and 75% respectively.
The IPO price band is ₹120-127 per share, with a tentative listing date of 30 July.
The grey market premium (GMP) is +8, indicating a potential listing price of ₹135 per share.
SBI Securities has given a neutral rating due to risks such as customer concentration and dependence on government contracts.
Swastika Investmart recommends subscribing to the IPO for medium-term investors, citing consistent growth and fair valuation.
- Who
- Xtranet Technologies
- What
- IPO subscription status and investment recommendations
- When
- 23 July to 27 July
- Where
- BSE and NSE
- Why
- To raise ₹166.8 crore through a fresh issue of 1.31 crore equity shares
Neutral Rating
Subscribe Recommendation
Investment Recommendation
Neutral Rating
SBI Securities has assigned a 'Neutral' rating to the IPO, citing risks such as customer concentration and dependence on government contracts.
Subscribe Recommendation
Swastika Investmart recommends subscribing to the issue for investors with a medium-term horizon, citing consistent growth and fair valuation.
- IPO Date
- 23 July to 27 July
- Price Band
- ₹120-127 per share
- Listing Date
- 30 July (tentative)
- Minimum Investment (Retail)
- ₹13,970
- Maximum Investment (Retail)
- ₹1,95,580
- GMP Today
- +8
- Estimated Listing Price
- ₹135 per share
- Subscription Status (Day 1)
- 1.11x
