Xtranet Technologies, an IT solutions and services provider, plans to raise ₹167 crore through a mainboard IPO by issuing 1.31 crore equity shares in a price band of ₹120-127.
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Xtranet Technologies, an information technology solutions and services provider, plans to raise ₹167 crore through an initial public offering on the mainboard.
The company will issue 1.31 crore equity shares in the price band of ₹120-₹127. The issue is open for subscription on Thursday.
The net proceeds from the IPO will be used to repay debt, fund capital expenditures, meet working capital requirements, and support general corporate purposes.
Share India Capital Services will be the book-running lead manager of the issue, while Kfin Technologies has been appointed as the Registrar.
Company eyes larger projects with platform-led offerings
Sukhbir Singh Kukreja, Promoter and Managing Director, Xtranet Technologies, said the company has expanded its capabilities across enterprise applications, managed services, digital transformation, data centres, disaster recovery and proprietary software platforms.
We have built long-term relationships with government departments, PSUs and enterprise customers while executing projects across multiple states, he said.
The launch of the proprietary platforms, Synergy and XtraTrust, in the recent past marks the next phase of business, complementing services with platform-led offerings, he added.
The proceeds from the IPO will support the expansion of delivery capabilities, strengthen the company’s ability to execute larger and more complex projects across sectors and geographies, and help build recurring revenue through managed services and platform-led solutions, he said.
IPO to strengthen execution capacity and recurring revenue
Sachin Gupta, Director, Share India Capital Services, said Xtranet Technologies has built its business over more than two decades by expanding from IT system integration to enterprise applications, managed services, digital transformation and proprietary software platforms.
The company has established relationships with government departments, PSUs and enterprise customers, supported by an order book and a business model that combines project execution with recurring managed services, he said.
The proposed IPO is intended to support the Company’s next phase of growth by enabling investment in delivery capabilities and business expansion, he added.
“We believe these investments will strengthen its execution capacity, support a larger project pipeline, and increase platform-led revenues, said Gupta.
Published on July 18, 2026
