Xtranet Files for ₹190 Crore IPO, Aims to Boost Growth
Bhopal-based integrated information technology solutions provider, Xtranet Technologies Ltd., has filed a Draft Red Herring Prospectus (DRHP) with the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for a fully book-built issue worth ₹190 crore.
Established in 2002, Xtranet offers end-to-end services across diverse sectors. The company, led by Associate Partner Pradyun Chakravarty of Legacy Law Offices LLP, is seeking to raise funds through an Initial Public Offering (IPO). Legacy Law Offices LLP has been advising Xtranet on this proposed IPO, with the specific lawyer not mentioned in the DRHP. The DRHP filing marks a significant step towards Xtranet's public listing, which could enhance its visibility and access to capital.
Xtranet Technologies Ltd., with its headquarters in Bhopal, Madhya Pradesh, has taken a major stride towards going public. The company's ₹190 crore IPO, advised by Legacy Law Offices LLP, could open new avenues for growth and investment in the tech solutions provider.
