Xtranet Technologies IPO opens today; grey market signals 10% listing premium

Xtranet Technologies IPO opened for subscription with a price band of Rs 120-127 per share, aiming to raise Rs 166.8 crore through a fresh issue of 1.31 crore equity shares, with listing scheduled on July 30. Grey market signals a premium of about 10 percent over the upper price band, indicating constructive investor sentiment. The company reported FY26 total income of Rs 366.01 crore (up 32 percent YoY) and PAT of Rs 40.73 crore (up 36 percent), with proceeds earmarked for working capital, debt repayment, and capex.