Business
Xtranet Technologies announces IPO dates for launch next week. Check details
Xtranet Technologies IPO details
The issue is entirely a fresh issue of 1.31 crore shares, aggregating up to Rs 166.8 crore. There is no offer for sale, which means the IPO proceeds will go to the company. The allotment is expected to be finalised on July 28. Refunds and credit of shares are expected on July 29.
Investors can bid for a minimum of 110 shares and in multiples thereafter. At the upper price band of Rs 127, the minimum retail investment will be Rs 13,970. Retail investors can apply for up to 14 lots, or 1,540 shares, amounting to Rs 1,95,580.
For small non-institutional investors, the minimum application size is 15 lots, or 1,650 shares, amounting to Rs 2,09,550. For big non-institutional investors, the minimum application is 72 lots, or 7,920 shares, amounting to Rs 10,05,840.
Not more than 50% of the issue will be reserved for qualified institutional buyers. At least 35% will be reserved for retail investors and at least 15% for non-institutional investors.
Share India Capital Services is the book-running lead manager to the issue, while KFin Technologies is the registrar.
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What Xtranet Technologies does
Incorporated in 2002, Xtranet Technologies is an integrated IT solutions provider. The company offers enterprise applications, digital transformation, managed services, proprietary platforms and strategic technology partnerships.
Its services include ERP implementation and support, IT system integration, network and security solutions, virtualisation, cloud integration, infrastructure management, data centre management, application development and maintenance.
The company also offers digital services such as infrastructure-as-a-service, platform-as-a-service and software-as-a-service. Its proprietary platforms include Synergy, a low-code digital transformation platform, and XtraTrust.
Xtranet earns revenue from fixed-price projects, time-and-material contracts and recurring service agreements. A significant part of its business comes from government and PSU clients.
As of April 30, 2026, the company had 504 permanent employees.
Financial performance
Xtranet’s financials showed steady growth in FY26. Total income rose 32% to Rs 366.01 crore in FY26 from Rs 276.53 crore in FY25. Profit after tax increased 36% to Rs 40.73 crore from Rs 30.03 crore. EBITDA rose to Rs 63.18 crore in FY26 from Rs 47.20 crore in FY25.
At the upper price band, Xtranet will have a pre-IPO market cap of Rs 664.03 crore.
Use of IPO proceeds
The company plans to use Rs 21.99 crore from the net proceeds for repayment or prepayment of certain borrowings. Another Rs 7.30 crore will be used for capital expenditure towards purchase and installation of systems and hardware.
The largest part of the proceeds, Rs 102 crore, will go towards working capital requirements. The balance will be used for general corporate purposes.
The IPO will be watched by investors tracking mainboard technology and IT-enabled services listings. Recent mainboard listings in the space have seen mixed performance, making Xtranet’s subscription demand and grey market trend key indicators before listing.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Calls for guidance to help Jersey families claim back childcare costs
More guidance for parents claiming back money from the government’s childcare funding scheme is needed, the head of the Jersey Child Care Trust (JCCT) has said.
In February, the government said parents of a child eligible from January to August 2026 could apply for up to £4,180, and parents of children eligible for a full school year from the 1 September 2026 would be able to apply for up to £6,270.
But some families have had problems claiming money back from the States after being told they had provided ‘invalid receipts’ for childcare.
JCCT CEO Fiona Vacher said as it was a pilot scheme, it was likely problems would be discovered.
She said: “We understand that there have been some cases through our contacts with parents and I think that’s around parents submitting bills rather than receipts.
“We knew there would be difficulties and I know the government is just responding to that.”
Vacher said the government could provide “a bit more information for parents about how they and what they submit”.
Deputy Catherine Curtis, the Minister for Education and Lifelong Learning, said 537 applications had been approved for 409 families with £1.4m paid out since the scheme began.
She added that no formal complaints had been recorded but that feedback was “being reviewed to enable continuous improvement”.
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ACCO Brands Stock: The Pros Outweigh The Cons (NYSE:ACCO)
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of ACCO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Popular garlic powder recalled over bacteria concerns
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A popular garlic powder sold at Dollarama stores across Canada is being recalled due to potential microbial contamination, health officials announced this week.
The Canadian Food Inspection Agency (CFIA) issued the recall Wednesday for Heavenly Spices garlic powder sold at Dollarama stores nationwide.
The product is being recalled because it may be contaminated with Bacillus cereus, a bacterium that can cause nausea, vomiting, abdominal cramps and watery diarrhea, according to the U.S. Food and Drug Administration.
“Do not use, sell, serve or distribute the affected product,” the CFIA said in its recall notice.
TAYLOR FARMS PREPARING RECALL, DENIES BRANDED SALADS TIED TO OUTBREAK

The Canadian Food Inspection Agency recalled Heavenly Spices garlic powder sold at Dollarama stores nationwide due to potential bacterial contamination. (Andrej Ivanov/Bloomberg via Getty Images / Getty Images)
The agency classified the recall as a Class 2 event, meaning there is a moderate risk that consuming the product could cause short-term or non-life-threatening health effects.
A Dollarama spokesperson told CTVNews.ca on Friday that customers who purchased the product should throw it away.
“Customers can also contact Dollarama Customer Service directly for a $2.00 e-gift card as a replacement,” the spokesperson said.
The recalled garlic powder was sold in 70-gram containers in stores and online.
GENERAL MILLS PULLS MORE THAN 735,000 PILLSBURY ROLLS FROM SHELVES OVER POSSIBLE GLASS CONTAMINATION

The Canadian Food Inspection Agency recalled Heavenly Spices garlic powder sold at Dollarama stores over concerns it may be contaminated with Bacillus cereus. (iStock)
According to the FDA, symptoms of Bacillus cereus infection typically last between 24 and 48 hours. The bacterium is commonly found in meat, stews, gravies, vanilla sauce, and cooked rice that has been improperly refrigerated or left at room temperature.
The garlic powder is the latest food product to be pulled from store shelves.
Earlier this week, the FDA announced that General Mills was recalling more than 735,000 packages of Pillsbury bread products over concerns they may contain glass.
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Heavenly Spices garlic powder is being recalled after Canadian health officials warned the product may be contaminated with Bacillus cereus, a bacterium that can cause foodborne illness.
Bloomberg News also reported that fresh produce supplier Taylor Farms is preparing a recall tied to ingredients linked to a multistate Cyclospora outbreak, though the company has said its branded salad products are not associated with the illnesses.
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Investing wisely does not have to be rocket science. It is about discipline and running the numbers. You don’t have to be like a grandmaster chess player playing the game twenty moves ahead of your opponent, you just need to understand how the pieces work.
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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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