Xtranet Technologies IPO allotment likely today; GMP signals modest listing gains. Here's how to check status

The Xtranet Technologies IPO, worth Rs 166.80 crore, was subscribed 12.24 times during its July 23-27 subscription window, led by strong NII demand at 26.65 times. Grey Market Premium stands at around Rs 8 per share, indicating a potential listing price of about Rs 135, around 6% above the upper issue price of Rs 127. The IT solutions provider, which posted a 32% rise in FY26 total income to Rs 366 crore, plans to use proceeds for working capital, debt repayment, and capital expenditure.