Xtranet Technologies IPO Opens; Company Looks to Raise ₹167 Crore

Information technology solutions provider Xtranet Technologies has launched its ₹167 crore mainboard initial public offering (IPO). 

The public issue comprises 1.31 crore equity shares offered in a price band of ₹120–₹127 per share. The IPO opened for subscription on Thursday and aims to support the company's next phase of growth. 

IPO Details 

The company plans to raise ₹167 crore through the issue. The price band has been fixed at ₹120–₹127 per share, while Share India Capital Services is the book-running lead manager and KFin Technologies is the registrar to the issue. 

Utilisation of IPO Proceeds 

According to the company, the net proceeds from the IPO will be used for Repayment of debt, Funding capital expenditure, meeting working capital requirements, and general corporate purposes. 

Company Expands Platform-Led Business 

Promoter and Managing Director Sukhbir Singh Kukreja said Xtranet Technologies has expanded beyond traditional IT system integration into enterprise applications, managed services, digital transformation, data centres, disaster recovery and proprietary software platforms. 

He added that the launch of the company's proprietary platforms, Synergy and XtraTrust, marks the next phase of growth by complementing its services business with platform-led offerings. 

Read More: Kotak Mahindra Bank Share Price in Focus After Q1 FY27 Earnings Results: Total Income Up 12.6% YoY! 

Conclusion 

The ₹167 crore IPO is aimed at strengthening Xtranet Technologies' balance sheet while supporting capacity expansion and long-term growth.  

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