Xtranet Technologies IPO Subscription Status Day 3: Issue Closes Booked 7.19x, NII Leads Final Tally at 16.54x

The initial public offering of Xtranet Technologies closed subscribed 7.19 times on July 27, the final day of bidding, according to closing bidding data. The non-institutional investor (NII) segment led the charge by a wide margin at 16.54 times, followed by retail individual investors at 6.75 times, while the qualified institutional buyer (QIB) category closed just short of full subscription at 0.95 times.

Xtranet Technologies IPO Book Running Lead Managers

Book-running lead manager and registrar details for the Xtranet Technologies IPO have not been disclosed in the available data and will be updated once confirmed.

Conclusion

With bidding for the Xtranet Technologies IPO now closed, the basis of allotment is expected to be finalised on July 28, followed by the credit of shares to successful applicants' demat accounts and initiation of refunds shortly after. The company's shares are tentatively scheduled to list on the BSE and NSE on July 30.

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