Xtranet Technologies gets SEBI nod to raise ₹190 cr via IPO

The IPO will consist of fresh issue of equity shares with no offer-for-sale component.

Xtranet Technologies has received capital markets regulator SEBI‘s approval for its initial public offering (IPO) to raise ₹190 crore.

The IPO will consist of fresh issue of equity shares with no offer-for-sale component. According to the Draft Red Herring Prospectus, the company intends to use the proceeds from the IPO for repayment of certain borrowings, funding capital expenditure for the purchase and installation of modern hardware systems and working capital requirements.

Founded in 2002, the company has over 23 years of experience in delivering IT services and solutions. It offers a diverse portfolio delivering end-to-end services including enterprise applications, digital services, managed services and proprietary platforms. It has entered into strategic technology partnerships for clients across industries and geographies. Share India Capital Services has been appointed as the book running lead manager for the issue, while KFin Technologies will be the registrar.

Published on February 14, 2026