The Initial Public Offering (IPO) of Xtranet Technologies Ltd., which opened for subscription on Jul 23, 2026, has been subscribed 12.17 times as of [[CurrentTime]] IST on Jul 27, 2026, according to NSE and BSE data, indicating oversubscribed investor participation across categories.
The ₹166.80 crore issue has attracted bids for approximately 11.19 crore shares, compared with 0.92 crore shares on offer, reflecting the cumulative demand trend across all investor segments since the issue opened.
Subscription Breakdown (Category-wise)
- Qualified Institutional Buyers (QIBs): 7.13 times
- Non-Institutional Investors (NIIs): 26.61 times
- Retail Individual Investors (RIIs): 8.87 times
Issue Structure & Pricing
The IPO consists of a Fresh Issue of ₹166.80 crore, with the issue price band fixed at ₹120 to ₹127 per share.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company | 21.99 |
| 2 | Capital expenditure by our Company for purchase and installation of Systems and Hardware; | 7.30 |
| 3 | To Meet Working Capital Requirements | 102.00 |
| 4 | General corporate purposes |
Lead Managers & Registrar
Share India Capital Services Pvt.Ltd. is acting as the Book-Running Lead Manager for the offering, ensuring seamless execution, with Kfin Technologies Ltd. acting as the registrar to the issue.
