Xtranet Technologies IPO is a mainboard IPO raising ₹167 Cr at ₹120 – ₹127 a share. The smallest application you can make is 110 shares, costing ₹13,970 at the top of the band. Bidding has closed; the shares list on 30 Jul 2026. So far it has been subscribed 12× in total.
12.2 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Read from the 511-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 14 specific to this company; 130 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
A petition under section 9 of the Insolvency and Bankruptcy Code, 2016 and Case under Section 138 of the Negotiable Instruments Act, 1881 was filed by M/s Continental Engines Private Limited against the Company for default of Rs. 22.40 Crores
This loan of ₹211.00 lakhs was granted to Mr. Sukhbir Singh Kukreja, Promoter & Managing Director, on 01.04.2021
Certain trademarks that are critical to our business operations are presently registered in the name of our Promoter, Sukhbir Singh Kukreja, and not in the name of the Company.
As of March 31, 2025, more than 59.83 % of the revenue was recognized from Government/PSU clients.
For the Fiscal 2025, Fiscal 2024, and Fiscal 2023, 35.50 %, 51.20%, and 44.21% of our revenue from operations for the respective periods came from the projects executed by us in the state of Maharashtra, Madhya Pradesh and Karnataka
we generally transact with these parties on a purchase-order basis without long-term supply contracts, there is no assurance that products will always be available in required quantities, at competitive prices, or delivered on time.
We typically extend credit on sales of between 140 to 200 days to our customers in the ordinary course of business and we have and continue to have high levels of outstanding receivables.
Indirect Tax 1,547.14 ... Total of Contingent Liabilities 4,056.64 2,385.95 1,840.35
Against ... 1 ... 9 ... Nil ... 2 ... 3,531.55
In accordance with the provisions of the Consolidated FDI Policy and FEMA Rules, our Company is a foreign-owned and controlled company. As a foreign-owned and controlled company, our Company is subject to certain additional requirements under the Consolidated FDI Policy and other Indian foreign investment laws.
Certain of our Company's corporate records and form filings are not traceable. These form filings include the Form 2 in respect of allotment made on February 05, 2002, June 10, 2022, Form 18 in respect of change of change of registered office in 2005 and Form 20B annual return for financial year 2007-08
Order Book which stood at ₹ 33,349.56 Lakh as of August 31, 2025
Net Cash (used in)/generated from operating activities 861.79 (117.65) 34.03
According to the HVS Report, global geopolitical conditions have a direct correlation with inbound travel to India… we cannot assure you that such geopolitical and market risks would not significantly affect demand for our Portfolio and services in the future, including demand for rooms at properties that we own, manage or develop
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹1.8 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 1 | 9 | 3 | ₹35 Cr |
| Promoters | 1 | 3 | 2 | ₹34 Cr |
| Directors | 0 | 0 | 0 | — |
| Subsidiaries | 0 | 2 | 0 | ₹0.0 Cr |
Continental Engines vs Xtranet Technologies (NACT/11105/2024, CJM Gurugram) – Section 138 NI Act cheque bounce; cheque of ₹3,224.3 lakhs returned with 'Stop Payment'
Tax proceedings summary: 14 cases totaling ₹179.69 lakhs – Company 6 direct + 3 indirect (₹178.24L), Subsidiaries 2 indirect (₹0.14L), Promoters 3 direct (₹1.31L)
Webzymes Technologies vs Xtranet Technologies (MSEFC Pune) – MSMED Act claim for ₹112.93 lakhs outstanding + ₹4.9 lakhs interest
Pradeep Pathak vs Xtranet Technologies & CRIS (LCA 63/2023, CGIT-Cum-Labour Court Delhi) – wrongful deduction of ₹1.18 lakhs from full and final settlement; claim ₹11.18 lakhs total
Xtranet Technologies vs Bhopal Municipal Corporation (WP 29430/2022, MP High Court Jabalpur) – writ challenging property tax demand notices on leasehold industrial land; amount not quantified
Amounts converted from ₹ lakhs to ₹ crore (1 crore = 100 lakhs). The only explicit grand total stated is the tax proceedings total of ₹179.69 lakhs = ₹1.7969 crore. Civil/criminal aggregates computed from individually stated case amounts: Continental Engines ₹3,224.3L, Webzymes ₹117.83L (₹112.93L + ₹4.9L interest), Pradeep Pathak ₹11.18L. Bhopal MC writ petition amount not stated. The Continental Engines, Webzymes and Pradeep Pathak cases appear under both Company and Promoters because the promoters (Sukhbir Singh Kukreja and Jogendrapal Singh Alagh) are co-respondents. Group companies shown as NA in source for tax proceedings; no civil/criminal cases. '[●]' in Board resolution dates = not stated.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
The full prospectus — business, financials, risk factors and litigation.
Which institutions were allotted shares before bidding opened, and how many.
Where physical applications could be submitted.
The issuer's own "basis of issue price": the earnings multiples it is asking for, and the peer companies it chose to compare itself against.
The full prospectus — business, financials, risk factors and litigation.
