IPO at a Glance
Price Band
₹120 to ₹127
Face Value ₹10 / share
Issue Opens
Jul 23, 2026
Closes Jul 27, 2026
Lot Size
110 Shares
Min Investment: ₹13,970
Total Issue Size
₹167 Cr
100% Fresh Capital
Listing
BSE & NSE
Tentative: Jul 30, 2026
Lead Manager
Share India Capital
Registrar: Kfin Technologies
About the Company: Integrated Digital Solutions Enterprise
Incorporated in 2002, Xtranet Technologies Ltd. is an established integrated IT solutions provider specializing in executing enterprise-scale application infrastructure and complex public deployment architectures. The company has built a defensible market presence across digital segments through combination models.- Enterprise Architecture Systems: Implements comprehensive ERP setup, networking defense environments, system virtualization, and specialized data center monitoring operations.
- Managed Core Infrastructure: Custom designs, establishes, and updates legacy IT infrastructure setups for diverse institutional clients.
- Digital Service Offerings: Delivers flexible cloud environments via robust Infrastructure-as-a-Service (IaaS), PaaS, and SaaS models.
- Proprietary Platforms: Owns the “Synergy” low-code framework facilitating digital transformation alongside the specialized “XtraTrust” platform pipeline.
- Government & PSU Core Focus: Derives significant stable revenue metrics from institutional public sectors through structured multi-tier service arrangements.
Financial Trends & Performance
Xtranet Technologies has demonstrated strong financial scaling, maintaining top-line expansion while structurally doubling profitability boundaries over historical reporting intervals.| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | ₹321.79 Cr | ₹202.94 Cr | ₹223.99 Cr |
| Total Income | ₹276.53 Cr | ₹233.26 Cr | ₹222.78 Cr |
| Profit After Tax (PAT) | ₹30.03 Cr | ₹10.94 Cr | ₹5.98 Cr |
| EBITDA | ₹47.65 Cr | ₹19.18 Cr | ₹13.44 Cr |
| Net Worth | ₹95.49 Cr | ₹38.78 Cr | ₹26.20 Cr |
| Total Borrowings | ₹39.24 Cr | ₹41.19 Cr | ₹7.37 Cr |
All figures in ₹ Crore | Source: Red Herring Prospectus (Restated Consolidated)
The earnings curve reflects efficient operational scaling: total income advanced by 18.5% in the fiscal year ending 2025, while restated PAT expanded by 174.5% to reach ₹30.03 Cr.Key Performance Indicators (FY 2025)
31.12%
ROE
38.01%
ROCE
31.18%
RoNW
10.86%
PAT Margin
17.26%
EBITDA Margin
0.41
Debt / Equity
IPO Objects of the Issue
- Funding incremental working capital requirement pipelines ₹102.00 Cr
- Repayment or prepayment, in full or part, of outstanding company borrowings ₹21.99 Cr
- Capital expenditure for purchase and installation of new hardware systems ₹7.30 Cr
- General corporate purposes
The Final Verdict
Xtranet Technologies Ltd. presents a steady, high-margin digital transformation play with an established track record in execution. Its long-term relationships with government and PSU ecosystems offer revenue visibility, while proprietary low-code environments enhance gross transaction efficiency.
Financially, its metrics remain reliable, supported by a 38.01% ROCE and a conservative debt structure. The upper pricing limit of ₹127 presents an appealing entry multiple relative to comparable listed IT enablement providers.
For investors tracking cash-generating digital enterprises with specialized platforms and low balance sheet risk, this fresh issue presents reasonable growth potential over a medium-to-long term horizon.
Source: Chittorgarh IPO
