Xtranet Technologies IPO Subscription Ends Day 3 at 12.24x, NII Portion Booked 26.65 Times

Xtranet Technologies Limited’s initial public offering (IPO) was subscribed 12.24 times by 5:24 PM on Day 3, July 27, 2026. The ₹166.80 crore book-built issue, priced between ₹120 and ₹127 per share, received bids for 11,25,20,210 shares against 91,93,800 shares available in the public issue. Non-Institutional Investors (NIIs) led the demand with a subscription of 26.65 times, followed by Retail Individual Investors at 8.98 times. The Qualified Institutional Buyers (QIBs), excluding anchor investors, category was subscribed 7.13 times.

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Subscription Status of Xtranet Technologies IPO

Here are the subscription details for Xtranet Technologies IPO Day 3, as of 5:24 PM:

Key Highlights – Day 3

• Overall subscription reached 12.24 times on Day 3, compared with 1.96 times on Day 2.
• Qualified Institutional Buyers (excluding anchor investors) subscribed 7.13 times, bidding for 1.87 crore shares worth approximately ₹237.97 crore.
• Retail Individual Investors subscribed 8.98 times, placing bids for 4.13 crore shares valued at approximately ₹524.17 crore.
• Non-Institutional Investors emerged as the strongest category, subscribing 26.65 times with bids for 5.25 crore shares worth approximately ₹666.87 crore.
• Anchor investors had fully subscribed their allocated portion before the issue opened, with 39.40 lakh shares allotted for approximately ₹50.04 crore.
• Overall, investors bid for 11.25 crore shares against 91.94 lakh shares available in the public issue, taking the total bid value to approximately ₹1,429.01 crore.

Key Highlights – Day 2

• Overall subscription reached 1.96 times on Day 2, compared with 1.11 times on the opening day.
• Qualified Institutional Buyers, excluding anchor investors, subscribed 0.91 times, bidding for 23.82 lakh shares worth approximately ₹30.25 crore.
• Retail Individual Investors remained the strongest category, subscribing 2.50 times with bids for 1.15 crore shares valued at approximately ₹146.09 crore.
• Non-Institutional Investors subscribed 2.12 times, placing bids for 41.74 lakh shares worth approximately ₹53.01 crore.
• Anchor investors had fully subscribed their allocated portion before the issue opened, with 39.40 lakh shares allotted for approximately ₹50.04 crore.
• Overall, investors bid for 1.81 crore shares against 91.94 lakh shares available in the public issue, taking the total bid value to approximately ₹229.35 crore.

Key Highlights – Day 1

• Overall subscription stood at 1.11 times on Day 1 (July 23, 2026), indicating a fully subscribed issue on the opening day of the Xtranet Technologies IPO.
• Qualified Institutional Buyers (Ex-Anchor) subscribed 0.91 times, bidding for 23.79 lakh shares worth approximately ₹30.21 crore.
• Retail Individual Investors (RIIs) emerged as the strongest segment, subscribing 1.39 times with bids for 63.76 lakh shares valued at around ₹80.98 crore.
• Non-Institutional Investors (NIIs) subscribed 0.75 times, bidding for 14.85 lakh shares worth approximately ₹18.86 crore.
• Anchor investors had fully subscribed their allocated portion before the issue opened, with 39.40 lakh shares allotted, providing a strong institutional base ahead of the public subscription.
• Overall, investors bid for 1.02 crore shares against 91.94 lakh shares available in the public issue, resulting in an overall subscription of 1.11x.

About Xtranet Technologies Limited

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.