Genxai Analytics IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 17.58x |
| NII | 30.91x |
| Retail (RII) | 12.59x |
| Total | 16.99x |
Bidding day 5 · final figures at close of bidding: 15 Jul 2026, 12:00 am IST
IPO Details
- Open Date
- 5 Jun 2026
- Close Date
- 9 Jun 2026
- Listing Date
- 12 Jun 2026
- Face Value
- ₹10
- Fresh Issue
- ₹51.91 Cr
- OFS
- ₹0 Cr
- Listing On
- NSE
- Registrar
- —
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,78,400 |
| HNI (Min) | 3 | 3,600 | ₹4,17,600 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 12,92,400 | 28.78% |
| QIB (ex-anchor) | 8,61,600 | 19.19% |
| NII | 6,46,800 | 14.4% |
| — sNII (< ₹10L) | 2,16,000 | 4.81% |
| — bNII (> ₹10L) | 4,30,800 | 9.59% |
| Retail | 15,09,600 | 33.62% |
| Employee | 1,80,000 | 4.01% |
| Total | 44,90,400 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2023 | 16.61 | 0.84 | 1.42 | 1.77 | 6.75 | 0.82 | — |
| FY 2024 | 24.21 | 2.65 | 4.13 | 4.43 | 11.33 | 4.11 | — |
| FY 2025 | 28.88 | 6.55 | 10.03 | 11.03 | 23.61 | 7.27 | — |
| Dec 2025 (interim) | 64.47 | 13.31 | 18.97 | 30.74 | 72.79 | 16.07 | 4.96 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 23.41x
- P/E (post-issue)
- 11.73x
- RoNW
- 51.04%
- RoCE
- 51.33%
- Debt / Equity
- 0.52
- EPS (pre-issue)
- ₹4.96
- EPS (post-issue)
- ₹9.89
- EBITDA Margin
- 29.52%
- PAT Margin
- 16.58%
- P/BV
- 4.99x
- NAV / share
- ₹23.26
- Market Cap
- ₹208.15 Cr
As of 31 Dec 2025 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Funding working capital requirements of the Company | ₹7.2 Cr |
| Repayment and / or prepayment in part or full of its outstanding borrowings | ₹3 Cr |
| Capital expenditure to meet expenses for development of new products | ₹28.37 Cr |
| General Corporate Purposes | ₹7.64 Cr |
| Issue expenses | ₹8.45 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Fees payable to BRLM (including underwriting commissions and selling commission) | ₹6.8 Cr |
| Advertising and marketing expenses | ₹0.65 Cr |
| Fees payable to the Legal Advisors to the Issue | ₹0.17 Cr |
| Fees to the Registrar to the Issue | ₹0.01 Cr |
| Fees payable to the Regulators including stock exchanges | ₹0.07 Cr |
| Printing and distribution of Issue stationary | ₹0.02 Cr |
| Brokerage, selling commission and uploading/processing fees | ₹0.12 Cr |
| Others (bankers to the Issue, depositories, secretarial, market making, auditor’s fees etc.) | ₹0.61 Cr |
Promoters & Shareholding
Promoters: Rakesh Agarwal and Lakshmi Agarwal
- Holding (pre-issue)
- 90.28%
- Holding (post-issue)
- 66.49%
- Dilution
- 23.79%
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| NAVBHARAT INVESTMENT TRUST-NAVBHARAT INVESTMENT OPPORTUNITIES FUND | Other | 2,59,200 | ₹116 | 3.01 | 20.06% |
| MINT FOCUSED GROWTH FUND PCC-CELL 1 | Other | 1,72,800 | ₹116 | 2 | 13.37% |
| WEALTHWAVE CAPITAL TRUST-WEALTHWAVE CAPITAL FUND | Other | 1,69,200 | ₹116 | 1.96 | 13.09% |
| ASTRATINVEST QUANT TRUST-ASTRATINVEST QUANT LONG SHORT FUND | Other | 86,400 | ₹116 | 1 | 6.69% |
| 1008 BHARAT GROWTH FUND I | Other | 86,400 | ₹116 | 1 | 6.69% |
| BIRCHWOOD MULTI STRATEGY FUND OPEN-ENDED PCC LTD.-BIRCHWOOD GLOBAL ALPHA FUND | FII/FPI | 86,400 | ₹116 | 1 | 6.69% |
| PESB ALPHA FUND | Other | 86,400 | ₹116 | 1 | 6.69% |
| RAGHAV NOVA FUND-RAGHAV NOVA FUND SCHEME | Other | 86,400 | ₹116 | 1 | 6.69% |
| STEPTRADE REVOLUTION FUND | Other | 86,400 | ₹116 | 1 | 6.69% |
| SUNRISE INVESTMENT TRUST-SUNRISE INVESTMENT OPPORTUNITIES FUND | Other | 86,400 | ₹116 | 1 | 6.69% |
| VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES | FII/FPI | 86,400 | ₹116 | 1 | 6.69% |
Anchor bidding took place on 4 Jun 2026. Anchor lock-in: 50% of shares unlock on 9 Jul 2026, the remainder on 7 Sept 2026.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW |
|---|---|---|---|---|
| Genxai Analytics | 5.01 | 8.36 | — | 85.49% |
| AION-Tech Solutions Ltd. | 2.86 | 27.72 | 14.25x | 12.16% |
| Latent view Analytics Limited | 8.45 | 72.65 | 34.97x | 12.07% |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Genxai Analytics IPO
The Genxai Analytics SME IPO opens for subscription on 5 Jun 2026 and closes on 9 Jun 2026, offered at a price band of ₹110–116 per share, and is set to list on NSE. In total, the issue aims to mobilise ₹51.91 crore. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,78,400.
Issue structure
The IPO is structured entirely as a fresh issue of ₹51.91 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward capital expenditure to meet expenses for development of new products (₹28.37 crore), alongside issue expenses (₹8.45 crore). In all, 5 objects are disclosed — the full break-up is in the table above.
Financials
In FY2025, Genxai Analytics reported revenue of ₹64.47 crore and a net profit of ₹13.31 crore. Revenue grew from ₹16.61 crore in FY2023 to ₹64.47 crore in FY2025 (+288.0%). Net worth stood at ₹30.74 crore at the end of FY2025. At the upper band, that puts the issue at roughly 23.4× FY2025 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 11.73× post-issue earnings and 4.99× book value, against a return on net worth of 51.04% and a debt-to-equity ratio of 0.52. These ratios come from the offer document and are for comparison, not a recommendation.
Peer comparison
The offer document names listed peers including AION-Tech Solutions Ltd. and Latent view Analytics Limited, with a median peer P/E of about 24.6×. The issue's own post-issue P/E works out to 11.73×.
Promoters
The promoters of the company are Rakesh Agarwal and Lakshmi Agarwal. Promoter holding stands at 90.28% before the issue and comes down to 66.49% after listing.
Subscription
The Genxai Analytics IPO was subscribed 16.99 times overall. The strongest demand came from non-institutional investors (NII) at 30.91 times, with qualified institutional buyers (QIB) at 17.58× and retail investors at 12.59×.
Listing performance
Genxai Analytics listed on 12 Jun 2026 at ₹92.8, a discount of -20.0% over the issue price of ₹116.
What to weigh
When evaluating the Genxai Analytics IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and subscription demand across investor categories. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Genxai Analytics
GenXAI Analytics is a technology-driven company specializing in enterprise performance management and analytics solutions. It helps businesses improve operational efficiency, optimize workflows, and enhance system performance through data-led technology services. The company provides AI-powered workflow automation and analytics solutions that integrate with existing enterprise systems. Its platforms offer intelligent recommendations, automation capabilities, and content-generation features that support faster decision-making and business process optimization. Its service portfolio includes enterprise planning, data engineering, analytics, application development, and Generative AI solutions, catering to the increasing demand for cloud-based and AI-enabled business systems. Key service offerings include: Enterprise Performance Management (EPM) Enterprise Resource Planning (ERP) Data Engineering & Analytics Application & Web Development Generative AI Solutions Its proprietary products include GenXAI Smart IP for invoice processing, Sales Incentive Compensation Management , and GenAI Engine , designed to automate workflows and improve enterprise productivity.
Genxai Analytics — Contact Details
- Registered office
- 3rd Floor, Tower-7, Plot No.7, Teachers Colony, Baba Market, DCM, Ajmer Road, Jaipur, Rajasthan, 302021
- Phone
- +91 9216043668
- Website
- www.genxai.com/
- Registrar (IPO queries)
- ipo@bigshareonline.com
Frequently asked questions
- What is the Genxai Analytics IPO price band?
- The Genxai Analytics IPO price band is ₹110 to ₹116 per share, with a lot size of 1200 shares.
- When does the Genxai Analytics IPO open and close?
- The Genxai Analytics IPO opens on 5 Jun 2026 and closes on 9 Jun 2026.
- When is the Genxai Analytics IPO allotment and listing date?
- The shares are scheduled to list on 12 Jun 2026 on NSE.
- How many times was the Genxai Analytics IPO subscribed?
- The Genxai Analytics IPO was subscribed 16.99 times in total across all investor categories.
- What is the reservation split in the Genxai Analytics IPO?
- Of the total shares offered, retail investors get 33.62%, QIBs 19.19% (plus 28.78% anchor), non-institutional investors 14.4%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Genxai Analytics and what is their holding?
- The promoters are Rakesh Agarwal and Lakshmi Agarwal. Promoter holding is 90.28% before the issue and 66.49% after listing.
- What is the P/E ratio of the Genxai Analytics IPO?
- At the upper price band, the Genxai Analytics IPO is valued at 23.41× pre-issue earnings and 11.73× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Genxai Analytics IPO?
- The net proceeds go primarily toward capital expenditure to meet expenses for development of new products, among 5 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Genxai Analytics IPO?
- The book-running lead manager is Choice Capital Advisors Pvt.Ltd..
- Is Genxai Analytics a Mainboard or SME IPO?
- Genxai Analytics is an SME IPO, listing on NSE (SME platform).