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Xtranet Technologies IPO

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GMP is an informal figure from outside SEBI's framework. Not investment advice.

About this issue

Xtranet Technologies listed at +7.1% against its issue price of ₹127. The book is 12.24 times subscribed overall. The grey market premium is +₹15 (+11.4%), which is an informal figure and not a quoted price. Our call is Apply, on 88% of our checks.

Segment: Mainboard
Price: ₹127
Lot size: 110 shares
One lot costs: ₹13,970
Issue size: ₹167 Cr
Grey market premium: +₹15 (+11.4%)
Subscribed: 12.24x
Listed at: +7.1%
Our call: Apply

What we checked

Profitable in the latest yearPAT ₹40.73 Cr
Profit grew year on yearPAT +36%
Revenue grew year on yearRevenue +32%
Margin not collapsingPAT margin 11.2% vs 10.9%
Borrowing under half of net worthDebt/net worth 0.63
Return on net worth above 15%RoNW 29.6%
Post-issue P/E under 40P/E 16.3
Price to book under 6P/B 3.7
Majority is fresh capital100% fresh issue
Promoters keep at least half62.6% held post-issue
Anchor investors participatedAnchor book placed
Overall book more than 10× covered12.2× overall

3 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.

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