Bhopal-based Xtranet Technologies has announced the finalization of the basis of allotment for its Initial Public Offering (IPO). Investors who participated in the public issue can expect the debit of funds or refunds to be processed by Wednesday, July 29, 2026. The shares of the integrated IT solutions provider are slated to list on both the BSE and NSE on Thursday, July 30, 2026.
IPO Details and Subscription Status
The Xtranet Technologies IPO was open for bidding from July 23 to July 27, 2026, with a price band set at Rs 120-127 per share. The company aimed to raise Rs 167 crore through an entirely fresh issue of up to 1,31,34,000 equity shares. Applicants could bid for a minimum of 110 shares and in multiples thereof.
The IPO received a robust response from investors, being oversubscribed 12.24 times overall, attracting more than 3.30 lakh applications and bids totaling approximately Rs 1,430 crore. The Qualified Institutional Bidders (QIBs) portion was subscribed 7.13 times, while the Non-Institutional Investors (NIIs) quota saw a subscription of 26.65 times. Retail bidders subscribed to their portion 8.98 times.
Grey Market Premium and Listing Expectations
Market observers noted a recovery in the Grey Market Premium (GMP) for Xtranet Technologies shares. The latest GMP was reported at Rs 7.5-9 per share, suggesting a potential listing gain of 7-8% for investors. On the last day of bidding, the GMP stood slightly higher at Rs 10-12 apiece.
About Xtranet Technologies
Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider offering a comprehensive suite of services. These include enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships, serving clients across various industries.
How to Check Xtranet Technologies IPO Allotment Status
Investors can check their application status through multiple channels:
On the BSE Website:
- Visit bseindia.com/investors/appli_check.aspx
- Under 'Issue Type,' select 'Equity.'
- From the 'Issue Name' dropdown, choose 'Xtranet Technologies Limited.'
- Enter your Application Number and PAN card ID.
- Complete the 'I am not a Robot' captcha and click 'Search.'
On the NSE Website:
- Go to nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select ‘Equity & SME IPO Bid details.’
- Under ‘Select Symbol,’ choose ‘XTRANET.’
- Input your PAN No. and Application No.
- Click ‘Submit’ to view your status.
Via the Registrar (Kfin Technologies):
- Access the KFin Technologies portal: kosmic.kfintech.com/ipostatus
- Select the relevant IPO from the dropdown (name will appear once allotment is finalized).
- Choose one of three modes: Application number, Demat Account number, or PAN ID.
- Select 'ASBA' or 'non-ASBA' for application type.
- Enter the details for your chosen mode.
- Fill in the security captcha accurately and click 'Submit.'
Share India Capital Services acted as the sole book running lead manager for the IPO, with Kfin Technologies serving as the registrar to the issue.