GenXAI Analytics Eyes ₹54.66 Crore IPO on June 5
With an IPO aimed at raising ₹54.66 crore, GenXAI Analytics is set to expand its operations by leveraging diverse technology solutions and capitalizing on market opportunities in BFSI and consumer-focused sectors.
Highlights
- •GenXAI Analytics plans to launch an IPO to raise ₹54.66 crore
- •The company's shares will be listed on the NSE Emerge platform starting June 5, 2026
- •Solutions offered by GenXAI include ERP, EPM, data engineering and analytics, application development, and generative AI
- •Net proceeds from the IPO will fund capital expenditure, debt repayment, and working capital
Mumbai-based technology company GenXAI Analytics is poised to make a substantial entry into the market with an Initial Public Offering (IPO) scheduled for June 5, 2026. The primary objective of this public offering is to raise ₹54.66 crore. Shares will be listed on the NSE Emerge platform.
GenXAI Analytics, founded and headquartered in Mumbai with operations in Jaipur, offers a diverse range of technology solutions targeted at businesses across segments such as BFSI (Banking, Financial Services, and Insurance) and consumer-focused companies. The company is leveraging its expertise in enterprise performance management (EPM), data engineering and analytics, application development, as well as generative AI to serve its clientele.
Price Band and Funding Use
The price band for the public issue has been set at Rs 110 to Rs 116 per equity share with a face value of Re 1 each. With net proceeds anticipated from this IPO, GenXAI plans to utilize the capital towards essential expenditures including capital expenditure (CapEx), debt repayment, and working capital requirements.
GenXAI Analytics aims to capitalize on its technological prowess in providing solutions that enhance performance and analytics across large enterprises, aiming for growth through public investment. This move could significantly bolster the company's financial and operational capabilities moving forward.
