Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider offering end-to-end services such as enterprise applications, digital transformation, managed services, proprietary platforms, and strategic technology partnerships. The company serves customers across industries.
Its services are delivered through a mix of onsite and offshore models, supported by subsidiaries, joint ventures, and in-house platforms.
Business Offerings:
- Enterprise Applicationse., ERP Implementation and support services, IT System Integration Services i.e., Network and Security Solution, Virtualization and Cloud Integration, Infrastructure Management Services, etc., Data Centres managment, Application Development & maintenance, etc.
- Managed Services:Infrastructure management services covering the design, establishment, and modernization of IT infrastructure.
- Digital Services: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS)
- Proprietary platforms:Synergy low-code digital transformation, XtraTrust platform
It derives revenue from fixed-price projects, time-and-materials contracts, and recurring service agreements, with a significant share from Government and PSU clients.
As on April 30, 2026, the company employed 504 permanent employees.
Competitive Strengths
- Proven track record in executing projects for Government and PSU clients
- Long standing relationship with marquee customer base
- Experienced Management Team
- Geographic Presence and Multi-Location Operations
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company | ₹22 |
| Capital expenditure by our Company for purchase and installation of Systems and Hardware; | ₹7 |
| To Meet Working Capital Requirements | ₹102 |
| General corporate purposes | — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 342 | 322 | 203 |
| Revenue | 366 | 277 | 233 |
| PAT | 41 | 30 | 11 |
| EBITDA | 63 | 47 | 19 |
| Net Worth | 136 | 95 | 39 |
| Reserves | 96 | 87 | 32 |
| Total Borrowing | 85 | 39 | 41 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | Not more than 50% of the Issue size | — |
| NII / HNI | — | Not less than 15% of the Issue | — |
| Retail (RII) | — | Not less than 35% of the Issue | — |
* Amount calculated at upper price band (₹127) · ** Total includes all investor categories
- 1 Initiation of Refund 29 Jul 2026
- 2 Credit of Shares to Demat 29 Jul 2026
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹10 compares to post-issue EPS of ₹8 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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