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Computers - Software & Consulting
Xtranet Technologies Limited IPO
₹167 Cr · Fresh Issue · Computers - Software & Consulting
Price Band
₹120 – ₹127
Lot: 110 shares (₹13,970)
GMP (Grey Market)
₹9.5 (+7.48%)
Est. listing ₹136.5
Issue Size
₹167 Cr
Fresh Issue
Market Cap
₹664.03 Cr
At upper band
P/E Ratio
16.3x
P/S: 1.8x
Listing Date
30 Jul 2026
BSE & NSE
IPO Timeline
✓
Opens
23 Jul 2026
✓
Closes
27 Jul 2026
📋
Allotment
28 Jul 2026
₹
Refund
29 Jul 2026
📈
Listing
30 Jul 2026
IPO India Hub Recommendation: Subscribe
We recommend subscribing to the issue. The company shows steady earnings and a reasonable valuation, though client concentration remains a concern.
Our Analysis — Key Points
✓ Strength
Consistent revenue growth in software market
The company generated ₹365.29 crore in revenue in the last fiscal year. This level of sales places it among the larger players in the Indian software and consulting space.
✓ Strength
Strong profit margins for technology services
Net profit reached ₹40.73 crore, giving a profit margin of about 11 percent. Such margins are healthy for a services business and support cash generation.
⚠ Risk
Dependence on few large clients for
A large share of revenue comes from a limited number of big clients. If any of these relationships weaken, earnings could fall sharply.
$ Valuation
Reasonable multiples relative to peers in
The issue is priced at a P/E of 16.3 times and a P/S of 1.8 times, which is near the middle of the sector range. With a market cap of roughly ₹664 crore at the top of the band, the valuation appears reasonable for the growth profile.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Xtranet Technologies Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹365.29 Cr
Net Profit
₹40.73 Cr
Industry
Computers - Software & Consulting
Issue Type
Fresh Issue
Promoters
SUKHBIR SINGH KUKREJA, JOGENDRAPAL SINGH ALAGH AND SHINEY SUKHBIR
Lead Managers
Share India Capital Services
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