Genxai Analytics Limited is set to launch its Initial Public Offering (IPO).
It is a fast-growing provider of AI-enabled enterprise performance and analytics solutions.
The subscription window for this issue opens on Friday, June 5, 2026, and runs through Tuesday, June 9, 2026.
Don't want to miss latest IPOs of 2026, track it at our dedicated IPO calendar of 2026.
Through this 100% book-built fresh issue, the company aims to raise approximately ₹54.84 Crores at the upper price band of ₹116 per share.
The proceeds are heavily targeted towards developing new proprietary AI products, marking a strategic shift from pure services to a product-led model.
In this article, you will find Genxai Analytics IPO GMP today, price band, and a detailed review with financial analysis.
Briefs of Genxai Analytics IPO Details:
- Price Band: ₹110 – ₹116 per equity share
- Face Value: ₹10 per share
- Employee Discount: ₹10.00 per share
- IPO Open Date: June 5, 2026
- IPO Close Date: June 9, 2026
- Lot Size: 1,200 Shares (Note: The Minimum Application in Retail is 2 Lots / 2,400 Shares)
- Issue Size: 47,28,000 Equity Shares / ~₹54.84 Crores
- Fresh Issue: 100% Fresh Issue
- Registrar: Bigshare Services Pvt. Ltd.
- Listing Exchange: NSE SME
IPO Reservation:
The offering comprises 47,28,000 shares. After setting aside 2,40,000 shares for the market maker and 1,80,000 shares for corporate staff, the remaining 43,08,000 shares are distributed to the public in the following manner:
- QIB Portion: Up to 21,54,000 Equity Shares (Anchor Investors may be allocated up to 12,92,400 Equity Shares from this portion).
- NII (HNI) Portion: Not less than 6,46,200 Equity Shares.
- Retail (RII) Portion: Not less than 15,07,800 Equity Shares.
What is the GMP of Genxai Analytics IPO Today?
Check our master tracker page for current GMP premium data, noting that these figures are speculative, change daily with market appetite, carry no official regulatory backing, and are insufficient on their own for picking investments.
What Are The Important Dates for Genxai Analytics IPO?
To help investors manage their funds, the vital schedule for this public offering is detailed below
- IPO Open Date: Friday, June 5, 2026
- IPO Close Date: Tuesday, June 9, 2026
- Basis of Allotment Date: Wednesday, June 10, 2026
- Refund Initiation Date: Thursday, June 11, 2026
- Credit of Shares: Thursday, June 11, 2026
- Listing Date: Friday, June 12, 2026
What Are The Objectives of Genxai Analytics IPO?
The firm intends to deploy the capital raised from the new share issuance toward the following core strategic goals:
- Product Development (Capex): A significant ₹28.37 Crores is earmarked for the in-house development and commercialization of new AI-driven products, specifically an advanced AI Cloud Engine (Agentic AI) and a Sales Incentive Compensation Management (SICM) Portal.
- Working Capital: ₹7.20 Crores will fund incremental working capital requirements to manage the extended credit cycles of global enterprise clients.
- Debt Repayment: ₹3.00 Crores is allocated to repay or prepay existing borrowings, lowering finance costs.
- General Corporate Purposes: The company plans to allocate the leftover balance toward day-to-day business contingencies and strategic projects.
How is The Financial Performance of Genxai Analytics?
Below is a summary of the business's overall financial health based on adjusted group-wide reports.
(Figures in ₹ Crores)
Particulars | Period Ended 31 Dec 25 (9M) | FY 2024-25 | FY 2023-24 | FY 2022-23 |
Total Income | 64.47 | 28.88 | 24.21 | 16.61 |
Profit After Tax (PAT) | 10.66 | 6.61 | 2.65 | 0.84 |
EBITDA | 18.97 | 10.03 | 4.13 | 1.42 |
Total Borrowing | 16.07 | 7.27 | 4.11 | 0.82 |
Assets | 72.79 | 23.61 | 11.33 | 6.75 |
Source: RHP
Financial Analysis & Observations:
Total Income:
Genxai demonstrated exceptional growth, with Total Income surging from ₹16.61 Crores in FY23 to ₹28.88 Crores in FY25.
The momentum accelerated dramatically in the 9-month period ending December 2025, reaching ₹64.47 Crores, driven by strategic acquisitions and strong global demand for AI analytics solutions.
Profit After Tax (PAT):
Profitability followed the top-line expansion, with PAT jumping from ₹0.84 Crores in FY23 to ₹6.61 Crores in FY25, and further to ₹10.66 Crores in the recent 9-month period.
The PAT margin expansion to over 16.5% highlights successful migration towards higher-value enterprise projects.
EBITDA:
Operational efficiency improved markedly, with EBITDA rising to ₹18.97 Crores by December 2025.
The EBITDA margins expanded significantly to 29.52%, reflecting the scalability of their specialized consulting and analytics services.
Total Borrowing:
To fund rapid organic and inorganic growth, total borrowings increased to ₹16.07 Crores by December 2025.
The IPO proceeds allocated for debt repayment will aid in deleveraging the balance sheet.
Assets:
The company's total assets grew to ₹72.79 crores by December 2025.
This rapid expansion is primarily fueled by a surge in unbilled revenues and trade receivables, underscoring the working capital intensity associated with servicing large B2B clients.
What Are The P/E Ratio and Peer Comparison?
To understand the valuation, we look at the Price-to-Earnings (P/E) ratio calculated at the upper price band.
- Issue Price (Upper Band): ₹116
- EPS (FY25): ₹5.01
- P/E Ratio: ~23.15x
Peer Comparison Table (FY 2024-25 Data):
Company | P/E Ratio | RoNW (%) | EPS (₹) | Total Revenue (₹ Lakhs) |
Genxai Analytics | 23.15 | 85.49 | 5.01 | 2,853.18 |
Latent View Analytics | 34.97 | 12.07 | 8.45 | 84,784.30 |
AION-Tech Solutions | 14.25 | 12.16 | 2.86 | 8,890.00 |
Analysis:
Genxai Analytics is entering the market at a P/E multiple of approximately 23.15x based on its FY25 EPS.
When compared to the industry giant Latent View Analytics (34.97x), the issue appears attractively priced, though it is at a premium to AION-Tech Solutions (14.25x).
Crucially, Genxai has a Return on Net Worth (RoNW) of 85.49%, massively outperforming its listed peers.
High returns on capital and strong earnings efficiency suggest that the company's move into a product-centric structure could support a loftier market valuation.
What is the Industry Outlook of Genxai Analytics Limited?
Growth Potential:
The global AI and advanced analytics market is in a structural super-cycle, driven by enterprise digitization across BFSI, retail, and manufacturing sectors.
Market Trends:
There is a distinct shift from generalized IT support to specialized, proprietary AI product solutions. Genxai's strategic investment in "Agentic AI" and cloud engines aligns perfectly with the industry's move towards automated, high-margin SaaS ecosystems.
What Are The Strengths and Risks of Genxai Analytics IPO?
Strengths:
- High Profitability: A stellar RoNW of over 85% in FY25 indicates excellent management of shareholder equity.
- Strategic Shift: Deploying the majority of IPO funds toward proprietary AI product development creates a roadmap for recurring revenue and margin expansion.
- Global Reach: Generating over 50% of revenue from international markets (primarily the Americas) provides a strong hedge against domestic slowdowns.
Risks:
- Extreme Client Concentration: The top 10 customers contributed over 74% of revenue in the recent period. Loss of a key enterprise client would severely impact financials.
- Negative Cash Flows: Despite strong accounting profits, the company reported negative operating cash flows (-₹9.69 Crores in 9M FY26) due to high trade receivables and unbilled revenue.
- Talent Attrition: Operating in the hyper-competitive AI sector, the company faces high employee attrition (over 46% in FY25), which can drive up wage costs and disrupt project delivery.
Key Considerations for Investors
Investors should note the Minimum Investment structure.
- Minimum Application: The lot size is 1,200 Shares. Based on the data provided, the minimum application for Retail Individual Investors is 2 Lots (2,400 Shares), amounting to ₹2,78,400. Note: This investment amount exceeds the typical ₹2 Lakh retail limit, which implies this category effectively targets Small-HNI investors.
- Valuation vs. Risk: At ~23.1x P/E, the pricing seems fair given the explosive recent growth and high RoNW. However, the negative cash flows and client concentration remain critical operational risks.
- Promoter Commitment: The promoters hold over 90% pre-issue and will maintain a strong majority post-issue, aligning their interests with shareholders.
Key Takeaways
- IPO Price: ₹116 per share (Upper Band).
- Min Investment: ₹2,78,400 (2,400 Shares).
- Valuation: P/E of ~23.15x (Fair relative to Peers).
- Financials: Revenue ₹28 Cr (FY25);
- Listing: NSE SME platform on June 12, 2026.
Other Important IPO Links:
1. IPO allotment status key details page.
3. Daily IPO subscription analysis
4. IPO Listing Performance Tracker 2026 – Complete Dataset of IPO Listing Gains in India
5. IPO GMP vs Listing Accuracy Study 2026
FAQs on Genxai Analytics IPO
What is Genxai Analytics IPO GMP today?
Check today's gmp of this IPO at our latest gmp section.
What is Genxai Analytics IPO price band?
The price band is fixed at ₹110 to ₹116 per equity share.
What is Genxai Analytics IPO allotment date?
The allotment status is expected to be finalized on Wednesday, June 10, 2026.
How to check Genxai Analytics IPO allotment status?
Investors can check the status on the website of Bigshare Services Pvt. Ltd. (the Registrar) or via the NSE IPO allotment portal.
What is Genxai Analytics IPO listing date?
The shares are tentatively scheduled to list on Friday, June 12, 2026.
Investment Perspective on Genxai Analytics IPO
Genxai Analytics offers a high-growth opportunity in the fast-expanding AI and analytics space.
While the company boasts exceptional return ratios and a clear strategy to move towards a proprietary product model, investors must carefully weigh the high working capital intensity, negative operating cash flows, and extreme client concentration before investing.
Disclaimer:
This article is strictly for educational purposes. Please consult a SEBI-registered investment advisor before making any investment decisions.
