Xtranet Technologies is scheduled to list its shares on the Bombay Stock Exchange and the National Stock Exchange of India on Thursday, July 30, marking the public market debut for the IT services provider.
The listing follows an initial public offering that consisted entirely of a fresh issue of 1.31 crore equity shares, raising a total of ₹166.8 crore.
The company did not include an offer for sale component in the issue, meaning all proceeds will go directly to the firm to fund its operations and growth initiatives.
Market sentiment ahead of the listing appears positive, driven by elevated grey market premiums.
These unofficial trading indicators suggest investors are anticipating a significant listing gain, reflecting renewed vigor in the Indian primary market.
The strong grey market activity for Xtranet mirrors trends seen in other recent Indian IPOs, including Lohia Corp and Indo-MIM, which also showed robust anticipated listing gains in the weeks leading up to their debuts.