Company to install modern hardware systems
Bhopal’s Xtranet Technologies Limited has received the green light from the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO), proceeds from which will be for repayment or pre-payment of certain outstanding borrowings, funding capital expenditure for the purchase and installation of modern hardware systems, and working capital requirements.
The proposed IPO is structured as a fresh issue of equity shares worth up to Rs.190 crore, with no offer-for-sale component, Xtranet said on 13 Feb.
Founded in 2002, the company has over 23 years of experience in delivering IT services and solutions. It offers a diverse portfolio delivering end-to-end services including enterprise applications, digital services, managed services, proprietary platforms, and has entered into strategic technology partnerships for clients across industries and geographies.
XtraNet Technologies has a global presence in the United States, Canada, Singapore, and the UAE. Fiinews.com
