Xtranet Technologies' initial public offering concluded its final bidding day with robust investor interest. The grey market premium indicated expectations for a positive stock market debut. The IPO was subscribed 1.96 times, with retail investors showing strong demand. The company aims to raise Rs 166.8 crore through this entirely fresh issue. Proceeds will fund working capital, debt repayment, and capital expenditure.

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…

Xtranet Technologies IPO gets 1.96 times subscription on day two, driven by retail investors, while QIB demand remains below the reserved quota.