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₹127 - 127
Xtranet Technologies Ltd
IT - SoftwareIPO
₹127 - 127
As per the Care Edge Report, we are an integrated information technology solutions provider delivering end-to-end services including enterprise applications, digital services, managed services, proprietary platforms, and strategic technology partnerships for clients across industries and geographies. Incorporated in 2002 with our registered office in Bhopal, Madhya Pradesh, we have over 24 years of experience in delivering IT services and solutions.
Lot110Min Invest₹13,970Face Value₹10Issue Size₹167 CrFresh Issue₹167 CrListing Price₹136CMP₹263
Timeline
23 Jul
Bidding opens
27 Jul
Bidding closes
28 Jul
Allotment
29 Jul
Refund & demat credit
30 Jul
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹167 Cr1.31 Cr shares
Fresh Issue₹167 Cr
Face Value₹10
Lot Size110 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹13,9701-14 lots
sNII₹2,09,550from 15 lots
bNII₹10,05,840from 72 lots
Managers & Registrar
Lead ManagerShare India Capital Services Private Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group83.63%62.62%Public16.37%37.38%
Objects of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company
- Capital expenditure by our Company for purchase and installation of Systems and Hardware
- To Meet Working Capital Requirements
- General corporate purposes
Anchor Book
Bid Date22-Jul-2026Shares39,42,200Amount₹50 Cr30-day lock-in26-Aug-202690-day lock-in25-Oct-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 223 | 233 | 276 | 365 |
| Operating ProfitCr | 13 | 19 | 46 | 63 |
| OPM% | 5.7 | 8.3 | 16.6 | 17.3 |
| PBTCr | 8 | 15 | 40 | 52 |
| PATCr | 6 | 11 | 30 | 41 |
| EPS | 12 | 16 | 8 | 10 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 7 | 7 | 8 | 39 |
| ReservesCr | 19 | 32 | 88 | 97 |
| BorrowingsCr | 19 | 41 | 39 | 86 |
| Total AssetsCr | 224 | 203 | 322 | 342 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 0 | -1 | 9 | 28 |
| Investing Cash FlowCr | -7 | -16 | -30 | -68 |
| Financing Cash FlowCr | 6 | 19 | 20 | 40 |
| Net Cash FlowCr | -1 | 2 | -2 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Deep domain expertise delivered through comprehensive solutions across industries.
- Proven track record in executing projects for Government and PSU clients.
- Experienced Management Team and Qualified Pool of Employees.
- Experienced Management Team and Qualified Pool of Employees.
Strategies · as stated in the DRHP
- Expanding and augmenting our platforms and services portfolio.
- Continue to Expand Our Geographical Footprints.
- Technology Innovation.
- Data Centre & Infrastructure Expansion.
Risks · as stated in the DRHP
- The company partially depends on orders from the Government/PSU clients. As of Fiscal 2026, Fiscal 2025 and Fiscal 2024, more than 47.06%, 59.46% and 46.32%, respectively of the revenue were recognized from Government/PSU clients. Additionally, the loss of or inability to qualify for such orders may adversely affect its business, financial condition, results of operations, and prospects.
- The company's revenue from operations is concentrated in a few core service offerings. Consequently, any decline in demand or disruption in these offerings could materially and adversely impact its business, financial condition, and results of operation.
- The company is dependent on its Suppliers for various hardware and software products which its provide to the company's clients. The failures of its these to deliver these products in the necessary quantities, on time or to meet specified quality standards or technical specifications, could adversely affect the company's business and its ability to deliver orders on time.
- The company is heavily reliant on its top 10 customers, and the loss of such customers or a significant reduction in purchases by such customers will have a material adverse impact on the company's business.
- Most of the company's business operations is concentrated in the respective states. As of March 31, 2025, the revenue was recognized from projects executed in the state of Maharashtra, Madhya Pradesh and Delhi. Due to this geographic concentration of the company's business operations, its results of operations and growth might be restricted to the economic and demographic conditions of Maharashtra.
- The Company requires significant amounts of working capital and significant portion of its working capital is consumed in trade receivables and inventories. Any failures in arranging adequate working capital for the company's operations may adversely affect its business, results of operations, cash flows and financial condition.