Xtranet Techmologies List IPO in Focus. This is what GMP signals before the launch

List of IPO of Xtranet Technologies: All Xtranet Technologies IPO shares are scheduled to make their stock market debut on Thursday, July 30. The shares will be listed on BSE and NSE.

The IPO, which was opened for subscription from July 23 to July 27, received a healthy response from investors, with the issue being subscribed 12.24 times. The non-institutional investor (NII) segment led the demand with 26.65 times subscription, followed by the retail category at 8.98 times and qualified institutional buyers (QIBs) at 7.13 times.

Xtranet Technologies ipo gmp today

Xtranet Technologies IPO is trading at a premium price on the gray market (GMP) of ₹10.5 per share. According to the current GMP, the IPO is expected to list approx ₹137.5, reflecting a premium of 8.27% over the price of its issue ₹127 baht per share.

Details Xtranet Technologies IPO

The Xtranet Technologies IPO consists of a total fresh issue of 1.31 crore shares incl ₹166.8 crore, no offer for sale (OFS). Since the issue does not include the sale of existing shares, all proceeds are received by the company.

The IPO was opened for public subscription from July 23 to July 27. The company has set a price band at ₹120-127 per share, and the shares were listed on the BSE and NSE, with a date of July 30.

The minimum bid for small non-institutional investors (sNIIs) is 15 lots, or 1,650 shares, requiring the investment of. ₹2,09,550. At the same time, large non-institutional investors (bNIIs) must apply for at least 72 shares, equal to 7,920 shares, with a minimum investment. ₹10,05,840.

Under the IPO allocation, a maximum of 50% of the net issue is reserved for qualified institutional buyers (QIBs), at least 35% for retail individual investors (RIIs), and at least 15% for non-institutional investors (NIIs).

Share India Capital Services acted as the book-running manager for the issue, while KFin Technologies acted as the registrar.

Disclaimer: This story is created for educational purposes only. Please consult with an investment advisor before making any investment decisions.