Genxai Analytics SME

Book Building issueSME₹54.66 Cr issue
-20.00%
Listing gain over issue price
Price band
₹110 – ₹116
Issue size
₹54.66 Cr
1 lot at cut-off
₹1,39,200
Lot size
1,200shares
Open
05 Jun 2026
Close
09 Jun 2026
Allotment
10 Jun 2026
Listing
12 Jun 2026

Listing performance

Issue price
₹116
Listed at
₹92.8
Listing-day close
₹97.4
Latest price
₹93.45
Listing gain
-20.00%
Return since listing
-19.44%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    05 Jun 2026
  2. Close
    09 Jun 2026
  3. Allotment
    10 Jun 2026
  4. Refund
    11 Jun 2026
  5. Demat credit
    11 Jun 2026
  6. Listing
    12 Jun 2026

Grey market premium

Unofficial and indicative — not a forecast

₹1
06 Jun 2026 Range ₹0 – ₹5 over 7 days 12 Jun 2026
Day-wise premium · 7 observations
DateGMP%SaudaEst. listingGain / lot
12 Jun 2026₹1+0.86%₹900₹117₹1,200
11 Jun 2026₹1+0.86%₹900₹117₹1,200
10 Jun 2026₹3+2.59%₹2,700₹119₹3,600
09 Jun 2026₹5+4.31%₹4,600₹121₹6,000
08 Jun 2026₹3+2.59%₹2,700₹119₹3,600
07 Jun 2026₹3+2.59%₹2,700₹119₹3,600
06 Jun 2026₹3+2.59%₹2,700₹119₹3,600

Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.

Issue details

IPO date
05 Jun 2026 – 09 Jun 2026
Listing date
12 Jun 2026
Face value
₹10 per share
Price band
₹110 – ₹116
Issue price
₹116 per share
Lot size
1,200 shares
Issue type
Book Building issue
Total issue size
₹54.66 Cr
Market cap at offer price
₹208 Cr
Promoter holding
90.28% → 66.49% pre-issue → post-issue
ISIN
INE1W0N01014
Registrar
Bigshare Services Pvt.Ltd.
Lead managers
Choice Capital Advisors Pvt.Ltd.
Registered office
3rd Floor, Tower-7, Plot No.7, Teachers Colony, Baba Market, DCM, Ajmer Road, Rajasthan

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB12,92,400
Market maker 2,37,600

Application size

Minimum 1,200 shares per lot, in multiples, at ₹116

ApplicationLotsSharesAmount
Retail (min)11,200₹1,39,200
S-HNI (min)22,400₹2,78,400
S-HNI (max)78,400₹9,74,400
B-HNI (min)89,600₹11,13,600

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
12,92,400
Anchor portion
₹14.99 Cr
at ₹116 per share

Valuation and performance

Valuation at offer price

₹116 per share

MetricPre-issuePost-issue
EPS (₹)4.969.89
P/E (×)23.3911.73
Price to book (×)13.88
Market cap₹208 Cr

Key performance indicators

Latest reported period

Return on net worth
85.49%
ROCE
70.26%
Debt / equity
0.66
PAT margin
23.16%
EBITDA margin
35.14%
NAV per share
₹8.36
Price to book
13.88

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

About Genxai Analytics SME

GenXAI Analytics Limited, incorporated in 2007 and converted to a public company in September 2025, is a technology-driven provider of enterprise performance and analytics solutions. The company enables enterprises to streamline business-critical workflows, enhance system performance, and improve operational efficiency by integrating financial management, operations, sales, customer relationship management, and human resources into unified platforms. The company operates through multiple subsidiaries and serves 79 customers across industries including BFSI, manufacturing, technology, retail, and healthcare, generating revenue of ₹2,853.18 lakhs in FY 2025. It is developing proprietary AI-powered products including an Agentic AI Cloud Engine, Sales Incentive Compensation Management Portal, and GenAI Engine, leveraging strategic partnerships with enterprise software platforms.

https://www.genxai.com/ ↗

Company Analysis

from DRHP

GenXAI Analytics Limited provides enterprise performance management and AI-driven analytics solutions that enable organizations to streamline workflows, optimize operations, and make data-driven decisions across finance, sales, operations, and supply chain.

GenXAI Analytics Limited, incorporated in 2007 and converted to a public company in September 2025, is a technology-driven provider of enterprise performance and analytics solutions. The company enables enterprises to streamline business-critical workflows, enhance system performance, and improve operational efficiency by integrating financial management, operations, sales, customer relationship management, and human resources into unified platforms. The company operates through multiple subsidiaries and serves 79 customers across industries including BFSI, manufacturing, technology, retail, and healthcare, generating revenue of ₹2,853.18 lakhs in FY 2025. It is developing proprietary AI-powered products including an Agentic AI Cloud Engine, Sales Incentive Compensation Management Portal, and GenAI Engine, leveraging strategic partnerships with enterprise software platforms.

Banking, Financial Services and Insurance (BFSI)ManufacturingTechnology, Media and TelecommunicationsConsumer Goods and RetailLife Sciences and HealthcareGovernment and Public Sector

Objects of the Issue

  • Funding Working Capital requirement of our Company
    ₹720.00 lakhs p.99
  • Repayment and / or prepayment in part or full of its outstanding borrowings
    ₹300.00 lakhs p.99
  • Capital expenditure to meet expenses for development of new products
    ₹2,837.08 lakhs p.99
  • General corporate purposes
    ₹764.30 lakhs p.99

Issue Structure

Total Issue
₹5,466.48 lakhs (47,28,000 Equity Shares at ₹116 per share)
Fresh Issue
47,28,000 Equity Shares of face value ₹10 each at ₹116 per share, aggregating ₹5,466.48 lakhs
Offer for Sale
Nil
Price Band
₹110 to ₹116 per Equity Share (Floor Price to Cap Price)
Lot Size
Minimum application: 1,200 Equity Shares (bid lot of 2,400 shares and multiples of 1,200 thereafter)
Face Value
₹10 per Equity Share

Business Model

The company earns revenue through implementation services, resourcing services, sales commission services, support services, IT infrastructure services, and website development services. As of December 31, 2025, revenue from third-party platforms and strategic partnerships (including Anaplan) constituted 32.66% of total revenue. The company operates a mixed pricing model: man-month billing in India, man-hour rates in the United States, and man-day rates in Asia-Pacific regions. It also offers platform-based subscription services and is developing proprietary products for commercialization.

Business Segments

Delivers planning and analytics solutions for TMT sector clients
Provides analytics and planning solutions for consumer and retail businesses
Offers performance management and analytics services to manufacturing enterprises
Delivers enterprise performance management solutions for banking, financial services and insurance

SWOT Analysis

Strengths
  • • Diverse revenue base across multiple service segments and industries(p.127)
  • • Strategic partnerships with leading technology providers(p.119)
  • • Strong financial growth trajectory(p.127)
  • • Geographic diversification across Asia-Pacific, EMEA, and Americas(p.127)
  • • Proprietary product portfolio(p.127)
  • • Serving 100+ clients(p.127)
Weaknesses
  • • High customer concentration with top 10 customers contributing 65.23% of revenue(p.25)
  • • No long-term contracts with customers(p.25)
  • • High employee attrition rate(p.26)
  • • Negative operating cash flow(p.32)
  • • No independent R&D expenditure in last three years(p.30)
  • • Unsecured borrowings repayable on demand(p.36)
Opportunities
  • • Expansion into AI and GenAI solutions(p.119)
  • • Growing demand for cloud-based EPM solutions(p.148)
  • • AI adoption momentum in Indian enterprises(p.148)
  • • India AI Mission investment creating ecosystem(p.147)
  • • Expansion opportunities in emerging markets(p.148)
Threats
  • • Significant geographic concentration in US market(p.26)
  • • Adverse regulatory and geopolitical developments affecting international markets(p.26)
  • • Intense competition for skilled talent in AI and analytics sector(p.26)
  • • Dependency on third-party platforms and technology partners(p.27)
  • • Slowdown in technology spending by key customer industries(p.28)
  • • Global macroeconomic uncertainties and trade policy volatility(p.46)
  • • Potential emergence of AGI disrupting business model(p.41)

Promoters

NameRolePre-IssuePost-Issue
Rakesh AgarwalPromoter54.17%39.90%
Lakshmi AgarwalPromoter36.11%26.60%

Leadership

Rakesh Agarwal · Managing Director
Lakshmi Agarwal · Whole-time Director
Sharad Singhvi · CEO
Ashish Goyal · CFO
Neha Agarwal · Company Secretary and Compliance Officer

Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.