The Rs 167 crore Xtranet Technologies IPO was subscribed around 1.4 times on the second day of bidding, led by strong retail demand. While the grey market premium has eased from earlier levels, it still indicates a potential listing gain of over 6%, with the issue set to close on July 27.

The IPO is a fresh issue of 1.31 crore equity shares, aiming to raise Rs 166.8 crore, making it another addition to an active primary market.

The IPO of Xtranet Technologies opens today and closes on July 27. Xtranet Technologies Limited, an integrated IT solutions provider, is launching its ₹166.8-crore IPO at a price…