Xtranet Technologies IPO subscribed 1.11 times on Day 1 as retail investors lead demand

Xtranet Technologies Limited's initial public offering (IPO) opened with an overall subscription of 1.11 times by 5:24 PM on Day 1 (July 23, 2026). The ₹166.80 crore book-built issue, priced at ₹120 to ₹127 per share, received bids for 1,02,40,450 shares against 91,93,800 shares on offer. The retail investor category led demand with a subscription of 1.39 times, followed by QIBs (Ex-Anchor) at 0.91 times, while NIIs subscribed 0.75 times, resulting in the issue being fully subscribed on the opening day.

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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 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.