XTRANET TECHNOLOGIES LIMITED IPO
Registrar: Kfin Technologies Limited · Lead: Share India Capital Services Private Limited · Listing on NSE, BSE
IPO Lot Size
110 shares / lot · ₹127 upper bandInvestors can bid for a minimum of 110 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 110 | ₹13,970 |
| Retail (Max) | 14 | 1,540 | ₹1,95,580 |
| S-HNI (Min) | 15 | 1,650 | ₹2,09,550 |
| S-HNI (Max) | 71 | 7,810 | ₹9,91,870 |
| B-HNI (Min) | 72 | 7,920 | ₹10,05,840 |
About the company
Xtranet Technologies Limited, incorporated in 2002 and headquartered in Bhopal, Madhya Pradesh, is an integrated information technology solutions provider with over 24 years of experience. The company delivers end-to-end services, including enterprise applications, digital services, managed services, proprietary platforms, and strategic technology partnerships across various industries and geographies.
Its core offerings encompass ERP services, IT system integration combining hardware, software, and networking, data center and command center management, and application development and maintenance. Xtranet Technologies Limited also provides digital transformation services through its low-code platform "Synergy" and secure technology services via "XtraTrust," a licensed Certifying Authority for digital signatures.
Objectives of the issue
- Repay/pre-pay, in full or in part, certain outstanding borrowings availed by our Company.
- Fund capital expenditure for the purchase of systems and hardware.
- Meet working capital requirements.
- For general corporate purposes.
- Enhance our visibility and brand image among existing and potential customers.
- Provide a market for our Equity Shares to existing public shareholders.
Key strengths
- Deep domain expertise with comprehensive solutions across six key industries (Government, Financial Services, Manufacturing, Infrastructure & Utilities, Healthcare, Retail & Consumer Services).
- Proven track record in executing projects for Government and Public Sector Undertakings (PSUs).
- Long-standing relationships with a diverse marquee customer base, leading to repeat orders.
- Experienced management team and a qualified pool of employees with significant industry experience.
- Geographic presence and multi-location operations across India and internationally (UAE).
- Commitment to technology and quality, evidenced by CMMI Level 5 certification and multiple ISO accreditations.
- Proprietary platforms like "Synergy" for low-code digital transformation and "XtraTrust" for PKI and digital signature solutions.
Key risks
- Significant dependence on Government/PSU clients, vulnerable to bidding outcomes, payment delays, and contractual non-compliance penalties.
- Revenue concentration in a few core service offerings, making business susceptible to declines in demand or disruptions.
- Reliance on third-party suppliers; failure to deliver on time or meet quality standards could adversely affect operations.
- Heavy reliance on a limited number of top customers; loss or reduced purchases would materially impact business.
- Working capital intensive operations; inability to secure adequate working capital could harm business.
- Uncertainty regarding Issue Price and other metrics being indicative of market price after listing, leading to share price volatility.
- Statutory Auditors included "Emphasis of Matter" in audit reports regarding accounting treatments and pending litigations.
- Certain critical trademarks are registered in the Promoter's name or under incorrect categories.
- Potential for negative cash flows from operating activities in future periods.
- Exposure to stringent and evolving data privacy, AI, and cybersecurity laws; non-compliance could result in costs and reputational damage.