New Delhi, July 23 -- Xtranet Technologies IPO Day 1: The initial public offering (IPO) of Xtranet Technologies opened for subscription on July 23 and will close on July 27. The company has fixed a price band of Rs.120-127 per share and aims to raise Rs.167 crore through a fresh issue of 1.31 crore equity shares, with no offer-for-sale (OFS) component.

The basis of allotment is expected to be finalised on July 28, while successful bidders are likely to receive shares in their demat accounts on July 29. Refunds for unsuccessful applicants are also expected to be initiated on the same day. The shares are scheduled to make their stock market debut on the BSE and NSE on July 30.

The company plans to utilise the net proceeds from the issue p...