Xtranet Technologies' IPO was subscribed 1.39x by late morning on Day 2, with retail investors leading at 1.74x. Overall demand remains strong, while QIB and NII participation is expected to pick up further as the issue approaches its July 27 closing.
Xtranet Technologies' IPO is now in its second day of bidding, and the numbers are only getting stronger. The issue opened July 23, 2026, and closes July 27. 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 2 Subscription Status
Live Subscription Data: Category-wise Breakdown on Day 2
The issue was already fully booked on Day 1 and has climbed further on Day 2, driven largely by continued retail demand.
| Category | Subscription (Day 2) |
| Qualified Institutional Buyers (QIB) | 0.91x |
| Non-Institutional Investors (NII) | 0.75x |
| Retail Individual Investors (RII) | 1.74x |
| Overall | 1.39x |
Figures as of 10:54 AM, July 24, 2026 (Day 2). QIB and NII figures marked with * are the last confirmed reads from Day 1's close; category-wise Day 2 splits for these two hadn't been published at the time of writing and will be updated once available.
What Day 2 Numbers Indicate
Retail has pushed further ahead, now at 1.74x, up sharply from 1.39x at Day 1's close. That's strong, consistent demand from individual investors two days running, and it puts retail allotment firmly into lottery territory.
QIB and NII were already tracking at a healthy 0.91x and 0.75x respectively by the end of Day 1, unusually strong for those categories this early. Normally institutional and big-ticket HNI money waits till the final day to commit, so seeing QIB close to full subscription on Day 1 itself is a good early signal. Expect both to climb further as bidding heads into its last two days.
Overall subscription at 1.39x on Day 2 confirms this is one of the stronger opening responses among the current batch of mainboard IPOs.
Day-wise IPO Subscription Trend
| Day | Overall Subscription |
| Day 1 | 1.11x |
| Day 2 | 1.39x (as of late morning, still building) |
| Day 3 (Final) | To be updated |
Retail has been the biggest driver of this rise so far. Watch for QIB and NII to add more weight as institutional and HNI bids typically pick up pace closer to the close.
Xtranet Technologies IPO - Allotment and listing date
| Event | Date |
| Basis of Allotment | July 28, 2026 |
| Refund Initiation | July 29, 2026 |
| Shares Credited to Demat | July 29, 2026 |
| Listing Date | July 30, 2026 |
Should You Apply for Xtranet Technologies IPO?
Some points worth weighing before applying:
- 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 cooled to around ₹7 to ₹18 depending on the source as of July 24, down from highs of ₹26 earlier in the run-up. That points to a listing gain of roughly 6% to 14%. GMP is unofficial and can shift quickly, so treat it as sentiment, not a guarantee.
- Retail is comfortably oversubscribed at 1.74x, so allotment there will be decided by lottery.
- QIB and NII both tracking close to or past full subscription by Day 1's close is an encouraging early sign, worth watching as the book builds toward close.
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:
- 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.
- 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.
- Physical ASBA form – submit through your bank branch if you prefer the offline route.
Bid in multiples of the 110-share lot. Applying at the cut-off price improves your allotment chances since it matches the final discovered price.
Xtranet Technologies IPO Important Dates
| Event | Date |
| IPO Open Date | July 23, 2026 |
| IPO Close Date | July 27, 2026 |
| Anchor Investor Bid Date | July 22, 2026 |
| Basis of Allotment | July 28, 2026 |
| Refunds Initiated | July 29, 2026 |
| Demat Credit | July 29, 2026 |
| Listing Date | July 30, 2026 |
Day 2 & Day 3 Subscription Updates
Numbers will keep updating as Day 2 progresses and into Day 3. With retail already well past full subscription and QIB/NII tracking strong by Day 1's close, expect the overall figure to keep climbing steadily through the remaining bidding days.
How to Check Xtranet Technologies IPO Subscription Status
How to check Xtranet Technologies IPO Subscription Status on NSE website
- Go to the NSE India website and open the "Live IPO Bidding" section.
- Select Xtranet Technologies Limited from the dropdown.
- You'll see category-wise bid numbers updated through the trading day.
How to check Xtranet Technologies IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Xtranet Technologies under active issues.
- 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 with the issue subscribed 1.11 times overall. Retail led at 1.39x, QIB followed close behind at 0.91x, and NII stood at 0.75x.
Final Subscription Figures
Final numbers will only be available once the issue closes on July 27, 2026. Check back after bidding wraps up for the complete category-wise final tally.
Conclusion
Xtranet Technologies' IPO has built on a strong Day 1, moving from 1.11x to 1.39x overall by late morning on Day 2. Retail continues to lead the charge at 1.74x, and both QIB and NII were already tracking close to full subscription by Day 1's close, an encouraging sign this early in the window. With a 100% fresh-issue structure putting the entire raise into the business, and steady demand across categories, this one's shaping up well ahead of its July 27 close.
