GenXAI Analytics Ltd IPO
IT - Software
Price Band
₹110 – ₹116
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹278400
Issue Size
₹54.84Cr
Opens
2026-06-05
Closes
2026-06-09
Listing
12-06-2026
Subscription Status
Qualified Institutional Buyers
17.58 x
Non-Institutional Investor
22.79 x
Retail Individual Investor
12.4 x
Total
15.79 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1W0N01014
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
GenXAI Analytics Limited is a technology-driven company providing enterprise performance management, analytics, data engineering, ERP, application development, and generative AI solutions. The company offers services related to enterprise performance management (EPM), SAP-based enterprise resource planning (ERP), data analytics, web and application development, and artificial intelligence (AI)-led workflow automation. Its proprietary products include Smart Invoice Processing, Sales Incentive Compensation Management Portal, and the GenAI Engine, which includes finance, sales, and operations language models. The company serves industries such as BFSI, manufacturing, healthcare, retail, technology, telecommunications, and government sectors. GenXAI Analytics operates through multiple subsidiaries engaged in AI automation, software development, enterprise consulting, and IT-enabled services. The company is headquartered in Jaipur, Rajasthan, and has offices in Mumbai, Indore, Lucknow, Gurugram, Bengaluru, Pune, Singapore, and the United States.
Pros
- • 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.
Cons
- • 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.
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