Xtranet Technologies IPO Price: ₹120to ₹127 per share
IPO Dates: 23 to 27 Jul, 2026
Company Overview
Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider offering end-to-end services, including enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships. The company serves customers across multiple industries.
Its services are delivered through a combination of onsite and offshore delivery models, supported by subsidiaries, joint ventures, and in-house platforms.
As of March 31, 2025, the company employed 242 permanent employees.
Business Operations
The company offers a diversified portfolio of IT solutions and services, including:
- Enterprise applications, such as ERP implementation and support services, IT system integration, network and security solutions, virtualization and cloud integration, infrastructure management services, data centre management, and application development and maintenance.
- Managed services covering the design, establishment, modernization, and management of IT infrastructure.
- Digital services, including Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS).
- Proprietary platforms, including the Synergy low-code digital transformation platform and the XtraTrust platform.
The company generates revenue through fixed-price projects, time-and-materials contracts, and recurring service agreements.
Customer Base
A significant portion of the company’s revenue is derived from Government and Public Sector Undertaking (PSU) clients. It also has long-standing relationships with a marquee customer base across industries.
As of March 31, 2026, Kusumgar Limited had a total workforce of 2,077 employees, supporting its manufacturing, research, engineering, and business operations.
Competitive Strengths
- Proven track record of successfully executing projects for Government and PSU clients.
- Long-standing relationships with a diversified marquee customer base.
- Experienced management team with industry expertise.
- Geographic presence supported by multi-location operations.
Bidding Starts In
Xtranet Technologies IPO Specifics:
| IPO Date | 23 to 27 Jul, 2026 |
| Listing Date | Thu, Jul 30, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹127 |
| Lot Size | 110 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size |
1,31,34,000 shares (agg. up to ₹167 Cr) |
| Fresh Issue |
1,31,34,000 shares (agg. up to ₹167 Cr) |
| Share Holding Pre Issue | 3,91,51,700 shares |
| Share Holding Post Issue | 5,22,85,700 shares |
Xtranet Technologies IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Thu, Jul 23, 2026 |
| IPO Close | Mon, Jul 27, 2026 |
| Allotment | Tue, Jul 28, 2026 |
| Refund | Wed, Jul 29, 2026 |
| Credit of Shares | Wed, Jul 29, 2026 |
| Listing | Thu, Jul 30, 2026 |
Xtranet Technologies IPO Lot Size
Bidders have the opportunity to bid for a minimum of 110 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹13,970 |
| Retail (Max) | 14 | 1,540 | ₹1,95,580 |
| S-HNI (Min) | 15 | 1,650 | ₹2,09,550 |
| S-HNI (Max) | 71 | 7,810 | ₹9,91,870 |
| B-HNI (Min) | 72 | 7,920 | ₹10,05,840 |
Xtranet Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Issue Size |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Xtranet Technologies IPO Financial Information
| Particulars (₹ Cr) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 321.79 | 202.94 | 223.99 |
| Total Income | 276.53 | 233.26 | 222.78 |
| Profit After Tax | 30.03 | 10.94 | 5.98 |
| EBITDA | 47.65 | 19.18 | 13.44 |
| Net Worth | 95.49 | 38.78 | 26.20 |
| Reserves & Surplus | 87.54 | 32.02 | 19.35 |
| Total Borrowing | 39.24 | 41.19 | 7.37 |
Key Performance Indicator – Xtranet Technologies IPO
| KPI | Value |
|---|---|
| ROE | 31.12% |
| ROCE | 38.01% |
| Debt/Equity | 0.41 |
| RoNW | 31.18% |
| PAT Margin | 10.86% |
| EBITDA Margin | 17.26% |
| Promoter Holding | 83.63% |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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