Key facts
- GenXAI Analytics' IPO was subscribed 16.99 times.
- The company raised Rs 14.99 crore from anchor investors.
- Grey market premium (GMP) is around 1%, suggesting a listing price of Rs 117.
- The IPO issue price was Rs 116.
- GenXAI Analytics provides enterprise performance management and analytics solutions.
GenXAI Analytics is scheduled to make its market debut on the NSE SME platform on Friday. Despite robust demand during its initial public offering (IPO), grey market signals suggest a subdued listing. The company's shares are currently trading with a grey market premium (GMP) of approximately 1%, indicating a potential listing price of around Rs 117, slightly above the IPO issue price of Rs 116.
The Rs 54.8 crore IPO, which was entirely a fresh issue of 47.28 lakh shares, attracted significant investor interest, achieving an overall subscription rate of 16.99 times. The non-institutional investor (NII) segment led the demand with subscriptions of 30.92 times, followed by qualified institutional buyers (QIBs) at 17.58 times, and retail investors at 12.59 times. Ahead of the public offering, GenXAI Analytics secured Rs 14.99 crore from anchor investors.
Founded in 2007, GenXAI Analytics specializes in enterprise performance management and analytics solutions, leveraging artificial intelligence to enhance workflow efficiency and decision-making for organizations. The company offers proprietary products such as GenXAI Smart IP for invoice processing, a sales incentive compensation management platform, and its GenAI Engine. Its client base spans across consumer goods, manufacturing, retail, telecom, technology, and BFSI sectors, with operations in India, Singapore, and the United States.
Financially, GenXAI Analytics has demonstrated strong growth. For FY25, total income was Rs 28.9 crore with a profit after tax of Rs 6.6 crore. In the first nine months of FY26, revenue reached Rs 64.5 crore, and profit after tax doubled to Rs 13.3 crore. EBITDA for the nine months ended December 2025 was Rs 19 crore, compared to Rs 10 crore for the full FY25. The stock's debut performance will likely be influenced by overall market sentiment towards technology and AI companies, and investor confidence in the company's growth prospects.