The GenXAI Analytics Ltd IPO is a Jaipur-based company that operates in high-growth segments such as enterprise analytics, ERP solutions, and Generative AI-powered software, making it a business that naturally benefits from the growing adoption of artificial intelligence across industries.
While the AI theme has generated significant excitement among investors, a compelling business story alone is not enough to justify an investment. Understanding the company’s financial performance, growth prospects, valuation, and potential risks is equally important, especially in the SME IPO segment where volatility can be higher.
This guide aims to help investors make a well-informed decision before applying and understand the IPO price band, the minimum investment, the company’s financial performance, its real strengths and the risks that come with an SME listing.
GenXAI Analytics Ltd IPO at a Glance
Here is the quick snapshot. The GenXAI Analytics Ltd IPO is a book-built fresh issue listing on the NSE SME platform. The full details are in the table below.
| IPO Detail | Information |
| IPO open date | Friday, 5 June 2026 |
| IPO close date | Tuesday, 9 June 2026 |
| Price band | ₹110 to ₹116 per share |
| Face value | ₹10 per share |
| Minimum lot size | 1,200 shares |
| Retail minimum investment | 2 lots — 2,400 shares (₹2,78,400) |
| Issue size | Fresh issue of 47,28,000 shares (~₹54.84 crore) |
| Allotment date | Wednesday, 10 June 2026 |
| Refund/credit to demat | Thursday, 11 June 2026 |
| Listing date | Friday, 12 June 2026 |
| Listing exchange | NSE SME |
| Registrar | Bigshare Services Private Limited |
| Book Running Lead Manager | Choice Capital Advisors Private Limited |
Detailed review of GenXAI Analytics Limited
About the company
GenXAI Analytics Limited is a technology-driven provider of enterprise performance and analytics solutions. In plain terms, it helps large organisations streamline workflows, improve system performance and run more efficiently. It does this by pulling data and processes across finance, sales, operations, customer management and human resources into one unified system, so teams work from a single source of truth.
The services offered span enterprise planning, data engineering, analytics, application development and generative Artificial Intelligence (AI)-led solutions. Its product stack covers Enterprise Performance Management (EPM), Enterprise Resource Planning (ERP), data engineering & analytics, application and web development, plus AI-assisted recommendation and content tools that plug into a client’s existing IT setup.
Incorporated back in 2007, the company runs a global delivery model with offices in Singapore, the United States (California and Delaware) and several Indian cities including Jaipur, Mumbai, Indore, Lucknow, Gurugram, Bengaluru and Pune. It serves clients across BFSI, manufacturing, consumer goods, retail, technology, telecom, healthcare and the public sector, and has a long-standing strategic association with Anaplan along with SAP-ecosystem capabilities.
Who are the promoters of GenXAI Analytics?
GenXAI Analytics began as a private limited company and converted to a public limited company ahead of listing. The promoters are Rakesh Agarwal and Lakshmi Agarwal, with Rakesh Agarwal serving as the Managing Director. Experienced promoters with strong domain knowledge are listed among the strengths of GenXAI Analytics.
Lot Size and Minimum Investment
The GenXAI Analytics IPO price band is fixed at ₹110 to ₹116 per equity share (the 110 to 116 band you’ll see quoted everywhere). The minimum lot size is 1,200 shares. Because this is an SME issue, the retail entry point is higher than a mainboard IPO.
Here is how the application sizes break down at the upper price band of ₹116:
| Investor type | Lots | Shares | Amount (₹) |
| Retail (minimum) | 2 | 2,400 | 2,78,400 |
| HNI (minimum) | 3 | 3,600 | 4,17,600 |
Eligible employees also get a reservation of up to 1,80,000 shares with a discount of ₹10 per share. The minimum investment of about ₹2.78 lakh is meaningful, so size your application against your overall portfolio rather than chasing the listing alone.
GenXAI Analytics Financial Performance
The financial performance is where the IPO looks genuinely strong. Total income, EBITDA and profit after tax have all grown sharply over the last three fiscal years on a restated consolidated basis.
| Particulars (₹ crore) | FY23 | FY24 | FY25 |
| Total Income | 16.609 | 24.208 | 28.880 |
| EBITDA | 1.420 | 4.126 | 10.027 |
| Profit After Tax (PAT) | 0.844 | 2.652 | 6.550 |
PAT has jumped from roughly ₹0.84 crore in FY23 to ₹6.55 crore in FY25, close to an 8x rise in two years, while EBITDA margins have expanded steadily. That kind of operating leverage is attractive, though SME numbers can be lumpy, so read the restated figures in the Red Herring Prospectus before any investment decision.
Strengths of GenXAI Analytics
The strengths of GenXAI Analytics, as set out in its offer documents, include:
• A long-standing strategic association with Anaplan and SAP-ecosystem capabilities.
• An established, long-term client base across high-growth sectors.
• A diversified client and industry presence, reducing single-sector dependence.
• Experienced promoters and a management team with deep domain knowledge.
• A timely product focus on data engineering, analytics, application development and generative AI.
Risk factors Investors Should know
• Customer concentration: a large share of revenue comes from a limited number of clients.
• High overseas exposure, especially the United States, which adds regulatory and geopolitical risk.
• Dependence on attracting and retaining skilled AI and analytics talent.
• Reliance on third-party platforms and cloud providers, with some agreements not yet binding.
• No independent R&D spend in the last three fiscal years, which the company flags itself.
GenXAI Analytics IPO GMP Today
As of 4 June 2026, the GenXAI Analytics IPO grey market premium (GMP) has not yet built up and is effectively flat. GMP is an unofficial indicator of listing sentiment, set by grey-market dealers and not by the company, the exchange or SEBI. It can swing wildly in the final days of subscription and tells you nothing about the business itself.
Treat GMP as background noise, not a signal. A flat or low GMP near the open is common for SME issues and often firms up only once subscription numbers come in. Base your decision on the financials, valuation and risk factors, not on a grey-market quote.
How to Apply for the GenXAI Analytics IPO
You can apply for the GenXAI Analytics IPO online through any broker using UPI, or via ASBA through your bank’s net banking. If you don’t have a trading account yet, you’ll first need to open a demat account. Here is the typical UPI flow:
1. Log in to your demat and trading account and open the current IPO section.
2. Select the GenXAI Analytics IPO from the list of open issues.
3. Enter the number of lots (minimum 2 for retail) and bid at the cut-off price of ₹116.
4. Enter your UPI ID and submit the bid to the exchange.
5. Approve the mandate notification in your UPI app to block the funds.
Once allotment is finalised, the blocked amount is debited only for the shares you receive; the rest is released. You can later check your allotment status on the registrar’s (Bigshare Services) website. For more on the primary market, see our blog and IPO guides, or explore our trading and demat services.
Conclusion
The GenXAI Analytics Ltd IPO offers investors exposure to the fast-growing AI, analytics, and enterprise software space, backed by strong revenue and profit growth. While the company benefits from a growing technology market and established client relationships, investors should also consider risks such as customer concentration, overseas dependence, and SME market volatility.
As with any IPO, the decision should be based on the company’s fundamentals, valuation, and your own risk appetite rather than market hype. A balanced assessment of both opportunities and risks can help investors make a more informed investment decision.
FAQs
Q1. Is the GenXAI Analytics IPO worth applying for?
It’s profitable and growing fast with a strong AI focus, but carries customer concentration, heavy US exposure, and SME liquidity risk. Weigh the financials against your goals and read the RHP before deciding.
Q2. What’s the minimum amount needed to apply?
Retail must apply for at least 2 lots (2,400 shares) for about ₹2,78,400 at the ₹116 upper band. Don’t stretch your finances for one IPO.
Q3. How financially strong is GenXAI Analytics?
PAT jumped from ₹0.84 crore (FY23) to ₹6.55 crore (FY25), with income up from ₹16.6 to ₹28.9 crore — strong growth, though SME earnings can be lumpy.
Q4. What are the biggest risks?
Customer concentration, high US/overseas dependence, reliance on scarce AI talent and third-party cloud platforms, and no independent R&D spend in the last three years.
Q6. When is allotment and listing?
Allotment on 10 June, demat credit/refunds on 11 June, and listing on the NSE SME on 12 June 2026. Check status on the Bigshare Services site.
Disclaimer:
This blog is intended for informational and educational purposes only and should not be considered investment advice or a recommendation to buy or sell any securities. Investments in the securities market are subject to market risks. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
