Xtranet Technologies IPO
Xtranet Technologies IPO is a mainboard IPO raising ₹167 Cr at ₹120 – ₹127 a share. It listed on 30 Jul 2026 at ₹136, +7.1% against its issue price of ₹127, and trades at ₹263 today (+107.2% since issue). It was subscribed 12× in total.
12.2 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. stated in prospectus. Checked: exchange issue size Rs167 Cr vs derived Rs190 Cr (13.8% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 57% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Silver Touch Technologies Limited | 39.04× | 16.42% | ₹17.5 |
| Dynacons Systems & Solutions Limited | 15.16× | 31.17% | ₹56.95 |
| Coforge Limited | 89.52× | 14.67% | ₹122.03 |
| This issue | 16.7× | 31.18% | ₹7.6 |
derived: cut-off price Rs127 / stated EPS Rs7.6 (FY2025 (year ended March 31, 2025) Diluted EPS, restated consolidated, after giving effect to 4:1 bonus issue effected in FY2025-26). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.