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GenXAI Analytics Ltd IPO
GenXAI Analytics Ltd
?2,64,000 /2400 sharesMinimum investment
IPO listing details
Listed on
12 Jun '26
Issue price
?116.00
Listing price
?92.80
Listing gains
-?23.20 (20.00%)
Exchange
--
IPO details
Minimum investment
?2,64,000
Price range
?110 - ?116
Lot size
1,200
Issue size
54.84 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers17.58x
Non-Institutional Investor22.79x
Retail Individual Investor12.40x
Total15.79x
As of 09 Jun'26, 05:02 PM
Schedule
5 Jun 2026
IPO open date
9 Jun 2026
IPO close date
10 Jun 2026
Allotment date
10 Jun 2026
Funds unblock or debit
12 Jun 2026
Tentative listing date
About
Founded in
2007
MD/CEO
Mr Rakesh Agarwal
Parent organisation
GenXAI Analytics Ltd
Genxai Analytics Financials
Revenue
Total Assets
Profit
All values are in ? Cr
Strengths & Risks
Strengths
Risks
GenXAI Analytics has a long-standing association with Anaplan, a connected planning platform provider, since 2019. The company claims to provide advisory, implementation, modelling, and managed services for enterprise performance management across industries such as BFSI, manufacturing, telecommunications, and consumer goods.
The company has built long-term relationships with several clients, including IndusInd General Insurance Company Limited, Hero Fincorp Limited, and Uniparts India Limited. As per the prospectus, 28 customers have been associated with the company for at least three reporting periods and contributed around 74.11% of revenue from operations in FY25.
GenXAI Analytics operates across multiple sectors, including BFSI, manufacturing, healthcare, consumer goods & retail, technology, telecommunications, and government services. This diversified industry presence may help reduce dependence on a single sector and allow the company to provide solutions across varied operational environments.
The company claims to have developed proprietary products such as Smart Invoice Processing, Sales Incentive Compensation Management Portal, and GenAI Engine. These products are designed to support workflow automation, analytics, forecasting, and operational planning for enterprise clients.
The company has expanded its operations through subsidiaries and step-down subsidiaries in India, Singapore, and the United States. These subsidiaries are engaged in areas such as AI automation, enterprise consulting, software development, cloud migration, IoT solutions, and enterprise performance management services.
GenXAI Analytics claims to provide services on major enterprise platforms, including SAP and Anaplan. Its ERP-related offerings include SAP S/4HANA implementation, migration, maintenance, SAP Analytics Cloud, and SAP Business Technology Platform-related services.
The company is led by promoters and management personnel with experience in enterprise analytics, consulting, and technology services. The management team has also overseen the company’s expansion into data engineering, application development, automation, and AI-led enterprise solutions through acquisitions and subsidiary businesses.
The company has not incurred any expenditure towards independent research and development or scalable proprietary infrastructure in the last three fiscals. This could impact the company’s competitiveness, scalability, and ability to keep pace with rapid advancements in the AI and analytics industry.
Non-Executive Director Raj Kishore Khaware is associated with entities such as Predictive Business Intelligence INC and Veear Projects INC, which operate in businesses similar to or overlapping with the company’s AI and analytics offerings. Group companies, including Harbinger Techaxes Private Limited, Veear Projects Inc., and Proximaray Technologies Private Limited, are engaged in business activities similar to those of the company. Conflict of interest arising from such overlapping business activities could hurt the company’s operations, profitability, and investor trust.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 16.57 crore in FY23 to Rs 24.06 crore in FY24 and Rs 28.53 crore in FY25. PAT increased from Rs 0.84 crore in FY23 to Rs 2.65 crore in FY24 and Rs 6.55 crore in FY25.
The top 10 customers of the company accounted for Rs 18.61 crore (65.23%), Rs 15.21 crore (63.20%), and Rs 10.39 crore (62.70%) of revenue from operations in FY25, FY24, and FY23, respectively. The top customer alone accounted for Rs 5.53 crore (19.38%) in FY25. Any failure to retain these customers, reduction in orders, delays in payments, or inability to renew contracts on favourable terms can adversely affect the company’s business and financial performance. Further, the company does not have long-term or exclusive agreements with its customers. Any strategic shift by key customers toward competing service providers or changes in their procurement policies could negatively impact the company’s revenue visibility and operations.
A significant portion of the company’s revenue is derived from customers located outside India, particularly from the Americas region. Revenue from outside India contributed Rs 7.37 crore (25.84%), Rs 7.74 crore (32.14%), and Rs 5.12 crore (30.90%) in FY25, FY24, and FY23, respectively, of which the Americas contributed Rs 6.48 crore (22.71%), Rs 6.22 crore (25.85%), and Rs 3.14 crore (18.97%), respectively. Any adverse regulatory, economic, geopolitical, or trade-related developments in these overseas markets, including the United States, can negatively impact the company’s business and financial performance. Changes in outsourcing regulations, technology spending, visa policies, currency fluctuations, or restrictions on cross-border data transfers could reduce demand for the company’s services or delay project execution.
The company recorded negative cash flow from operating activities amounting to Rs 9.69 crore in the nine months ending December 31, 2025. The negative operating cash flow was primarily attributed to an increase in inventories and other current assets during the period. If the company continues to generate negative cash flows from operating activities in the future, it may face challenges in meeting working capital requirements, funding expansion plans, servicing debt obligations, or making new investments. Any inability to generate sufficient cash from operations could adversely affect the company’s business and financial condition.
The company, its subsidiaries, promoters, directors, key managerial personnel (KMPs), and senior management personnel (SMPs) are involved in certain ongoing legal, criminal, and tax-related proceedings before various courts and regulatory authorities. The outcomes of these proceedings remain uncertain and may result in penalties, fines, liabilities, or adverse orders against the company and its management. Any adverse judgment in these matters could negatively impact the company’s business operations, financial condition, and profitability.
As of May 22, 2026, the company and its subsidiaries had aggregate outstanding borrowings of Rs 16.72 crore, including fund-based and non-fund-based borrowings. The borrowings include cash credit facilities, vehicle loans, property loans, unsecured business loans, and bank guarantees from multiple financial institutions. Any failure to service or repay these borrowings on time may adversely affect the company’s financial condition and operations.
Application details
For Genxai Analytics IPO, eligible investors can apply as Individual investor & Employee.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ?110 - ?116 | ?2 - ?5 Lakhs | 1200 |
| Employee | ?100 - ?106 | ?2 - ?5 Lakhs | 1200 |
About
Objective of GenXAI Analytics IPO Proceeds
|
Particulars |
Estimated Amount (in ? Cr.) |
|
Funding working capital requirements of the Company |
7.20 |
|
Repayment and / or pre-payment, in full or in part, of outstanding borrowings availed by the Company |
3.00 |
|
Capital expenditure to meet expenses for development of new products |
28.37 |
|
General Corporate Purposes |
[.] |
|
Total |
38.57 |
Book Running Lead Managers & Registrar of GenXAI Analytics IPO
|
Book Running Lead Manager |
Choice Capital Advisors Private Limited |
|
Registrar to the Issue |
Bigshare Services Private Limited |
|
Market Maker |
Choice Equity Broking Private Limited |
GenXAI Analytics Key Performance Indicators (KPIs)
|
KPI |
Value (For the Period ended December 31, 2025) |
|
ROCE (%) |
51.33 |
|
EBITDA Margin (%) |
29.52 |
|
PAT Margin (%) |
16.58 |
|
Debt/Equity ratio |
0.52 |
|
EPS (Basic) (Post IPO) (?) |
9.89 |
|
Return on Net Worth (RoNW) (%) |
51.04 |
|
NAV per Equity Share (?) |
23.26 |
GenXAI Analytics IPO Contact Details
|
Company Name |
GenXAI Analytics Limited |
|
Registered Office |
3rd Floor, Tower-7, Plot No.7, Teachers Colony, Baba Market, DCM, Ajmer Road, Jaipur- 302 021, Rajasthan, India |
|
Phone |
+91 92160 43668 |
|
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|
|
Website |
GenXAI Analytics IPO Registrar Contact Details
|
Company Name |
Bigshare Services Private Limited |
|
Phone |
022-62638200 |
|
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Website |