By Ventura Research Team 4 min Read
Xtranet Technologies IPO Day 3 subscription status showing strong retail and NII demand.
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Xtranet Technologies' IPO witnessed healthy demand on the final day of bidding, with the issue subscribed around 1.96 times by mid-morning on July 27. Retail investors led the subscription, while NII participation strengthened and QIB demand remained close to full subscription ahead of the closing bell.

Xtranet Technologies' IPO has entered its third and final day of bidding on July 27, 2026, closing out a steadily strengthening subscription window. Founded in 2002, the company is an IT solutions provider offering enterprise applications, digital transformation, managed services, proprietary platforms like Synergy and XtraTrust, and strategic technology partnerships.

This is a 100% fresh issue worth ₹166.80 crore, meaning the full amount raised goes into the company, none of it is an exit for existing shareholders. Promoter holding will come down from 83.63% to 62.63% after the issue.

Price band remains ₹120 to ₹127 per share, lot size 110 shares. Retail investors need ₹13,970 to apply at the upper band. Listing is expected July 30 on both BSE and NSE.

Xtranet Technologies IPO - Day 3 Subscription Status

Live Subscription Data (Update in Real Time): Category-wise Breakdown on Day 3

The final day has pushed every category well past full subscription, with retail leading the charge.

CategorySubscription (Day 3)
Qualified Institutional Buyers (QIB)0.91x
Non-Institutional Investors (NII)2.12x
— Big NII (bNII)1.77x
— Small NII (sNII)2.81x
Retail Individual Investors (RII)2.50x
OverallApprox. 1.96x

Figures as of 10:27 AM, July 27, 2026 (Day 3, closing day). Numbers will keep climbing through the day, so treat this as a snapshot ahead of the evening close.

What Day 3 Numbers Indicate

Retail has moved up sharply to 2.50x, from 1.74x on Day 2, confirming this category has stayed the strongest through the entire three-day window. Allotment for retail will be decided by lottery given the strong oversubscription.

NII has also picked up pace, now at 2.12x overall, with small HNIs (2.81x) ahead of big HNIs (1.77x). This tracks the usual pattern where bigger HNI money tends to flow in a bit later, often in the final hours of bidding.

QIB, at 0.91x, is close to full subscription but hasn't quite crossed it as of this reading. Institutional bids typically land in a rush during the last few hours of the closing day, so this number is likely to move further by evening.

Overall subscription works out to roughly 1.96x by mid-morning on the final day, a healthy close for this issue, up from 1.39x on Day 2.

Day-wise IPO Subscription Trend

DayOverall Subscription
Day 11.11x
Day 21.39x
Day 3 (Final, as of 10:27 AM)Approx. 1.96x

The steady climb across all three days shows consistent, broad-based demand rather than a last-minute rush in just one category. Watch for QIB to potentially cross 1x by the evening close.

Xtranet Technologies IPO - Allotment and listing date

EventDate
Basis of AllotmentJuly 28, 2026
Refund InitiationJuly 29, 2026
Shares Credited to DematJuly 29, 2026
Listing DateJuly 30, 2026

Should You Apply for Xtranet Technologies IPO?

Some points worth weighing on the last day:

  • It's a 100% fresh issue, so the entire ₹166.80 crore raised goes directly toward the business rather than to shareholders cashing out.
  • FY26 total income came in at ₹366.01 crore, up 32% year-on-year, with profit after tax growing 36% to ₹40.73 crore.
  • Grey market premium has stayed on the softer side through the closing days, sitting around ₹6 as of the morning of July 27, down from highs of ₹19 earlier in the run-up. That points to a modest listing gain of roughly 5%. GMP is unofficial and can shift before listing, so treat it as sentiment, not a guarantee.
  • Retail is comfortably oversubscribed at 2.50x, so allotment there will be decided by lottery.
  • NII has strengthened steadily and QIB is close to full subscription, both signs of healthy demand building into the close, even if the GMP itself isn't signalling a blockbuster listing.

This is informational content, not investment advice. Weigh your own risk appetite before applying.

How to Apply for Xtranet Technologies IPO

You can apply through any of these routes:

  1. ASBA via net banking – log into your bank's net banking, go to the IPO section, select Xtranet Technologies, enter quantity and bid price, then authorise.
  2. UPI via broker app – open your broker app (Ventura, Zerodha, Kotak Neo, etc.), find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
  3. Physical ASBA form – submit through your bank branch if you prefer the offline route.

Since this is the closing day, get your application in well before the cut-off time this evening. Bid in multiples of the 110-share lot, and apply at the cut-off price to keep your allotment chances intact.

Xtranet Technologies IPO Important Dates

EventDate
IPO Open DateJuly 23, 2026
IPO Close DateJuly 27, 2026
Anchor Investor Bid DateJuly 22, 2026
Basis of AllotmentJuly 28, 2026
Refunds InitiatedJuly 29, 2026
Demat CreditJuly 29, 2026
Listing DateJuly 30, 2026

Day 2 & Day 3 Subscription Updates

Day 2 closed with the issue subscribed 1.39 times overall, with retail at 1.74x. Day 3, the final day, has already pushed the overall figure to around 1.96x by mid-morning, with retail at 2.50x, NII at 2.12x, and QIB at 0.91x. Final closing figures will be updated once bidding wraps up this evening.

How to Check Xtranet Technologies IPO Subscription Status

How to check Xtranet Technologies IPO Subscription Status on NSE website

  1. Go to the NSE India website and open the "Live IPO Bidding" section.
  2. Select Xtranet Technologies Limited from the dropdown.
  3. You'll see category-wise bid numbers updated through the trading day.

How to check Xtranet Technologies IPO Subscription Status on BSE website

  1. Visit the BSE India IPO page.
  2. Search for Xtranet Technologies under active issues.
  3. Click through to view live bid quantity against shares reserved, broken down by category.

How to check Xtranet Technologies IPO Subscription Status on Ventura?

Log into your Ventura account, go to the IPO section, and select Xtranet Technologies from the list of live issues. You'll see live subscription numbers along with your own application status if you've already applied.

IPO Subscription History

Previous Day Subscription

Day 1 closed at 1.11x overall, with retail at 1.39x, QIB at 0.91x, and NII at 0.75x. Day 2 climbed to 1.39x overall, with retail moving up to 1.74x.

Final Subscription Figures

Final numbers will only be available once bidding closes this evening, July 27, 2026. Check back after the window shuts for the complete category-wise final tally.

Conclusion

Xtranet Technologies' IPO has built momentum steadily across all three days, moving from 1.11x on Day 1 to roughly 1.96x by mid-morning on the final day. Retail has remained the clear driver at 2.50x, while NII and QIB have both strengthened through the window, with QIB now sitting just short of full subscription. With the entire fresh issue amount going straight into the business and demand holding up across categories, this issue is closing on a solid note ahead of its July 30 listing.

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