Xtranet Technologies IPO - Listing Performance & Details

Xtranet Technologies Limited was incorporated in January 2002 and is based in Bhopal, Madhya Pradesh. It works in the IT and IT-enabled services sector. The company provides integrated technology solutions to government departments, public sector undertakings, and private sector clients.

Its services cover ERP implementation and support, IT system integration, network and security solutions, data centre and disaster recovery services, application development and maintenance, infrastructure management, and digital transformation work. The company has also built two proprietary platforms, Synergy (a low-code digital transformation platform) and XtraTrust (a PKI-based digital authentication platform). Work is delivered through a mix of onsite and offshore models, along with subsidiaries and joint ventures. Government and PSU clients accounted for close to 60 percent of FY25 revenue as per the DRHP. Projects are executed across several Indian states. Sukhbir Singh Kukreja is the Promoter and Managing Director, and the other promoters are Jogendrapal Singh Alagh and Shiney Sukhbir.

The company reported revenue of Rs 365.29 crore in FY26 with profit after tax of Rs 40.73 crore. It had 504 permanent employees as on April 30, 2026, and an order book of Rs 356.96 crore as on the same date. The mainboard IPO is a fresh issue of Rs 166.80 crore, with shares to list on the NSE and BSE. As stated in the RHP, the proceeds are for repayment of certain borrowings, capital expenditure on systems and hardware, working capital requirements, and general corporate purposes.