Xtranet Technologies is set to finalise its IPO allotment today, with the stock scheduled to list on July 30. The Rs 166.80 crore issue was subscribed 12.24 times, led by strong demand from NIIs. The grey market premium stands at Rs 8, indicating a potential 6% listing gain over the upper issue price of Rs 127, though GMP is not a reliable predictor.

Xtranet Technologies' initial public offering concluded its final bidding day with robust investor interest. The grey market premium indicated expectations for a positive stock…

Net proceeds are earmarked primarily for working capital requirements (₹102 crore), debt repayment (₹20.2 crore), and capital expenditure (₹8.5 crore).