Xtranet Technologies IPO subscription

Xtranet Technologies, an integrated IT solutions provider, launched its initial public offering (IPO) on July 23, 2026, with a price band of Rs 120-127 per share. The IPO is entirely a fresh issue of 1.31 crore equity shares, aiming to raise approximately Rs 170 crore at the upper price band. The issue was fully subscribed on the first day and overall subscribed 1.96 times by July 24. Funds raised will be used for working capital, debt repayment, capital expenditure, and general corporate purposes. The company reported a consolidated net profit of Rs 40.73 crore and sales of Rs 365.29 crore for the twelve months ended March 31, 2026. The IPO is managed by Share India Capital Services as book-running lead manager and KFin Technologies as registrar. Shares are expected to list on the National Stock Exchange of India and JSE Limited on July 30, 2026.