Ahead of the listing, Xtranet Technologies is commanding a grey market premium (GMP) of around 11%, reflecting positive investor sentiment. Based on the IPO's upper price band of Rs 127 per share, the stock is expected to list at around Rs 142, translating into an estimated gain of nearly 11% over the issue price.

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).