About Genxai Analytics IPO
GenXAI Analytics IPO Details
The GenXAI Analytics IPO is a complete book-built IPO worth ₹54.84 crore and is based on the issuance of 47,28,000 equity shares with a face value of ₹10 each. The Red Herring Prospectus of GenXAI Analytics was issued on May 27, 2026, following approval by the board of directors on September 24, 2025.
The price band of this issue will be set as ₹110 to ₹116 per share. The IPO will open from June 5, 2026, to June 9, 2026, on NSE Emerge, with listing on June 12, 2026. Choice Capital Advisors Private Ltd. will be the book-building lead manager, whereas Bigshare Services Private Ltd. has been appointed the registrar to this issue.
GenXAI Analytics IPO Date & Timeline
The subscription period for the GenXAI Analytics IPO has been officially scheduled from June 5, 2026, to June 9, 2026. GenXAI Analytics filed their Red Herring Prospectus on May 27, 2026 and has completed the finalisation of their schedule. Anchor investor bidding will happen on June 4, 2026. Allotments will be made after the subscription period ends, on June 10, 2026. This will then be followed by the refund process and the crediting of demat shares on June 11, 2026. Finally, GenXAI Analytics Ltd.'s shares are tentatively scheduled to list on NSE Emerge on June 12, 2026.
Genxai Analytics IPO Timeline
| IPO Open Date | Fri, Jun 5, 2026 |
| IPO Close Date | Tue, Jun 9, 2026 |
| Tentative Allotment | Wed, Jun 10, 2026 |
| Initiation of Refunds | Thu, Jun 11, 2026 |
| Credit of Shares to Demat | Thu, Jun 11, 2026 |
| Tentative Listing Date | Fri, Jun 12, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Genxai Analytics IPO Details
| Detail | Description |
|---|---|
| IPO Date | 5 to 9 Jun, 2026 |
| Listing Date | 12 Jun, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 110 to ₹ 116 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Total Issue Size | 47,28,000 shares (agg. up to ₹ 55 Cr) |
| Reserved for Market Maker | 2,40,000 shares (agg. up to ₹ 3 Cr) Choice Equity Broking Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 44,88,000 shares (agg. up to ₹ 52 Cr) |
| Offer for Sale | 44,88,000 shares (agg. up to ₹ 52 Cr) |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,32,15,610 shares |
| Share Holding Post Issue | 1,79,43,610 shares |
GenXAI Analytics IPO GMP (Grey Market Premium)
“Grey Market Premium” (GMP) is the premium at which IPO shares are traded in the grey market before they are officially listed on the stock exchange.
The GenXAI Analytics IPO GMP is currently trading at ₹1, reflecting unofficial investors' sentiment ahead of the official listing. This premium suggests a potential listing price of ₹117, which is 0.86% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹116 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹1, and a lot size of 1200 shares.
Genxai Analytics GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 13 Jun 2026 | ₹116.00 | ₹1 | 13 Jun, 202609:57 AM |
| 12 Jun 2026 | ₹116.00 | ₹1 | 12 Jun, 202611:32 AM |
| 11 Jun 2026 | ₹116.00 | ₹3 | 11 Jun, 202609:54 AM |
| 10 Jun 2026 | ₹116.00 | ₹5 | 10 Jun, 202609:51 AM |
| 9 Jun 2026 | ₹116.00 | ₹4 | 9 Jun, 202612:10 PM |
| 8 Jun 2026 | ₹116.00 | ₹3 | 8 Jun, 202610:19 AM |
| 7 Jun 2026 | ₹116.00 | ₹3 | 8 Jun, 202610:19 AM |
| 6 Jun 2026 | ₹116.00 | ₹3 | 6 Jun, 202610:15 AM |
| 5 Jun 2026 | ₹116.00 | ₹3 | 5 Jun, 202606:26 PM |
| 4 Jun 2026 | ₹116.00 | ₹8 | 4 Jun, 202609:44 AM |
| 03 Jun, 2026 | ₹116.00 | ₹11 | 03 Jun, 202610:03 AM |
| 02 Jun, 2026 | ₹116.00 | ₹11 | 03 Jun, 202610:03 AM |
| 01 Jun, 2026 | ₹116.00 | ₹11 | 03 Jun, 202610:03 AM |
| 31 May, 2026 | ₹116.00 | ₹15 | 03 Jun, 202610:03 AM |
| 30 May, 2026 | ₹116.00 | ₹13 | 30 May, 202603:00 PM |
| 29 May, 2026 | ₹116.00 | ₹0 | 29 May, 202610:20 AM |
Company Background
GenXAI Analytics Ltd. was formed on June 12, 2007, under the name Harbinger Consulting Private Ltd. in Jaipur, Rajasthan. The company has undergone various changes throughout its history, being named Harbinger Analytical Consulting Private Ltd. in 2019, Veear Analytics Private Ltd. in 2022 and again as GenXAI Analytics Private Ltd. on August 24, 2024. For entering capital markets, the company changed into a public Ltd. liability corporation as GenXAI Analytics Ltd. on September 24, 2025.
Over the years, GenXAI has evolved from a local IT consultancy into a global enterprise performance management and digital analytics solutions provider, serving clients across India, Singapore and the United States.
Operations & Product Range
GenXAI Analytics Ltd.'s key activities encompass providing technology-driven enterprise performance management (EPM) and analytics solutions. This includes AI-enabled workflow automation, enterprise planning, data engineering, application development and generative AI solutions. The company's proprietary platforms include GenXAI Smart IP for invoice processing, a Sales Incentive Compensation Management Portal and the GenAI Engine. Its upcoming Agentic AI platform will feature tools like Enterprise Copilot, Document Library and a Policy & News Intelligence Platform.
Facilities & Capacity
GenXAI Analytics follows a technology-based approach in terms of its mode of operation, opting for cloud-hosting services instead of any infrastructure or manufacturing facilities. Its offices are based in rented co-working offices in Jaipur, Rajasthan. On March 31, 2026, GenXAI Analytics had a total number of 116 employees, which includes 14 contractual consultants. The plan of the firm is to acquire more office space in view of the growing number of employees.
Brands & Market Presence
GenXAI Analytics Ltd. has established a growing presence across enterprise clients in BFSI, healthcare, technology, retail, consumer goods, manufacturing and telecom sectors. The company is ISO 9001:2015 certified and has a strong foothold in India and international markets, particularly in the Asia-Pacific region and the United States. Its long-standing strategic association with Anaplan, a leading connected planning platform, remains one of its core competitive advantages.
Revenue Streams & Business Model
The primary revenue streams for GenXAI Analytics Ltd. include implementation services, resourcing services, support contracts, IT infrastructure services and sales commission-linked engagements. For the nine months ended December 31, 2025, total income stood at ₹64.47 crore, with the Technology, Media and Telecommunications segment contributing the largest share at ₹30.20 crore (46.99%), followed by Consumer Goods & Retail at ₹11.81 crore (18.38%) and Manufacturing at ₹11.00 crore (17.11%). The business model focuses on recurring software subscriptions and multi-year consulting engagements to ensure predictable revenue flows.
Management & Shareholding
GenXAI Analytics Ltd. is backed by Mr. Rakesh Agarwal and Mrs. Lakshmi Agarwal with their respective shareholdings of 54.17% and 36.11%, which totals to 1.19 crore shares accounting for 90.28% of the total equity before issue. The company also has 22 public shareholders whose shareholding constitutes 9.72%. With the current issue of 47.28 lakh shares, the share capital will rise from 1.32 crore.
Board & Key Management
GenXAI Analytics Ltd. has a board headed by the Managing Director, Rakesh Agarwal and Whole-Time Director, Lakshmi Agarwal, who direct the company’s affairs strategically. The non-executive directors, namely Raj Kishore Khaware, along with independent directors Manan Jain and Shobhit Goyal, are appointed by the company for the purpose of regulatory compliance. In terms of management functions, the CEO of the firm is Sharad Singhvi, while the CFO of the company is Ashish Goyal.
Genxai Analytics IPO Financial Information
Latest Revenue
64.27
₹ Crore
Profit After Tax
13.31
₹ Crore
Net Worth
30.74
₹ Crore
Total Borrowing
16.07
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 72.79 | 64.27 | 13.31 | 30.74 | 19.19 | 16.07 | |||
| 31 Mar 2025 | 23.61 | 28.53 | 6.55 | 11.03 | 11.30 | 7.27 | |||
| 31 Mar 2024 | 11.33 | 24.06 | 2.65 | 4.43 | 4.23 | 4.11 | |||
| 31 Mar 2023 | 6.75 | 16.57 | 0.84 | 1.77 | 1.58 | 0.82 | |||
| Amount in ₹ Crore | |||||||||
Genxai Analytics Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | 51.33 % |
| Debt/Equity | 0.52 |
| RoNW | 51.04 % |
| PAT Margin | 16.58 % |
| EBITDA Margin | 29.52 % |
| Price to Book Value | 4.99 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.96 | 9.89 |
| P/E (x) | 23.41 | 11.73 |
GenXAI Analytics IPO Objectives
GenXAI Analytics Ltd. intends to utilise the net IPO proceeds for the following key objectives:
- • Capital expenditure for development of new products, including the Agentic AI platform and SICM Portal enhancements: ₹28.37 crore
- • Funding working capital requirements: ₹7.20 crore
- • Repayment and/or prepayment of outstanding borrowings: ₹3 crore
- • General corporate purposes: remaining balance
GenXAI Analytics IPO Review
GenXAI Analytics Ltd. occupies a growing position within India's enterprise technology and digital transformation sector, specialising in performance management and AI-driven analytics solutions. Its product portfolio is characterised by recurring software engagements and a diversified client base across high-growth sectors. This focus allows the company to benefit from the increasing enterprise demand for cloud-based AI and analytics infrastructure.
Financially, the company has demonstrated strong growth, with total income rising from ₹16.61 crore in FY23 to ₹28.88 crore in FY25 and PAT improving from ₹0.84 crore to ₹6.55 crore over the same period. For the nine months ended December 31, 2025, the company reported total income of ₹64.47 crore and PAT of ₹13.31 crore, reflecting significant business acceleration.
Key Risks that may be present include a large concentration of customers, wherein the ten largest customers account for 74.36% of total revenues and a high turnover rate of employees at 46.50%. Additionally, there is also a significant contribution from international sales made by companies related to a non-executive director. The business, on the whole, provides an avenue for investors interested in India’s AI and analytics sector to invest through a regulated platform.
Conclusion
The GenXAI Analytics IPO gives investors the chance to invest in a rapidly growing firm offering enterprise performance management and AI analytics services with proven financial success and increasing presence across the globe. The IPO has strong positioning in the digital transformation environment of India with the help of its partnership with Anaplan and the creation of its own platform. The capital raised through the IPO would be mainly used for product development, working capital and paying down debt.
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Competitive Strengths
Multi-Sector Client Portfolio: Established presence across diverse business sectors, minimising single-industry cyclical downturn liabilities.
Long-Term Strategic Alliances: A sustained development and delivery relationship with connected planning platforms like Anaplan.
Agnostic Integration Architecture: Proven capabilities in connecting various corporate data modules (Finance, Sales, HR) into a single accurate visual reporting structure.
Evolving Technological Roadmap: Active internal investment tracks aimed at incorporating advanced processing capabilities such as generative AI frameworks.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2400 | 278400 |
| Individual investors (Retail) (Max) | 2 | 2400 | 278400 |
| S-HNI (Min) | 3 | 3600 | 417600 |
| S-HNI (Max) | 7 | 8400 | 974400 |
| B-HNI (Min) | 8 | 9600 | 1113600 |