GenXAI Analytics IPO
GenXAI Analytics LtdSME
This IPO has listed.
- Open date
- 5 Jun 2026
- Close date
- 9 Jun 2026
- Min. Investment
- ₹2,78,400
- Lot Size
- -
- Fresh Issue
- ₹54.66 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers17.58x
- Non-Institutional Investors22.82x
- Retail-Individual Investors12.59x
- Total15.88x
Schedule
- Completed: IPO open date5 Jun 2026
- Completed: IPO close date9 Jun 2026
- Completed: Allotment date10 Jun 2026
- Completed: Funds unblock or debit11 Jun 2026
- Completed: Tentative listing date12 Jun 2026
About
Promoter shareholding in GenXAI Analytics Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Rakesh Agarwal | 71,58,768 | 54.17% | 71,58,768 | 39.90% |
| Lakshmi Agarwal | 47,72,574 | 36.11% | 47,72,574 | 26.60% |
Financials of GenXAI Analytics IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 24.07 | 28.53 | 88.32 |
| Total Expenses | 20.67 | 19.98 | 66.94 |
| Profit Before Tax | - | - | - |
| Total Profit | 2.65 | 6.61 | 13.62 |
GenXAI Analytics IPO Strengths & Risks
- Long-standing strategic association with Anaplan.
- Established long-term client base.
- Diversified client & industry presence across high-growth sectors.
- Experienced promoters with strong management team having domain knowledge.
- Risks Relating to the Business: A significant portion of the company revenue is dependent on a limited number of customers, and the loss of any such customer could adversely affect its business, financial condition, and results of operations.
- Risks Relating to the Business: A significant portion of the company revenue is derived from customers located outside India, and any adverse regulatory, economic, or geopolitical developments in such countries, including the United States, may adversely affect its business and results of operations.
- Risks Relating to the Business: The company business requires highly skilled professionals. Inability to attract, train, and retain qualified AI and analytics talent may adversely impact its operations.
- Risks Relating to the Business: The company faces risks related to dependency on third-party platforms and strategic partnerships.
- Risks Relating to the Business: The company business is dependent on demand from the key industries its serve, and any decline in demand in these industries may adversely affect its revenue and results of operations.
- Risks Relating to the Business: The Company's existing office premises is not sufficient to accommodate proposed new hires, and its expansion plans are dependent on securing additional leased office space.
- Risks Relating to the Business: Any real or perceived defects, errors, failures, or disruptions in the company platform could adversely impact its reputation, customer relationships, and financial performance.
- Risks Relating to the Business: The Company has not entered into binding agreements with cloud service providers and its anticipated cloud infrastructure costs are based on preliminary quotations.
- Risks Relating to the Business: Raj Kishore Khaware, Non-Executive Director of the Company may be associated with ventures which is engaged in overlapping line of business that are an alternative to its AI solutions. Any conflict of interest which may occur between the company business and the activities undertaken by such companies, could adversely affect its business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The Company has not incurred any expenditure towards independent research and development or scalable infrastructure in the preceding three fiscal years, which may impact its competitiveness and scalability.
- Risks Relating to the Business: Valuation reports for certain past acquisitions, including acquisitions of foreign entities, were obtained subsequent to the execution of the respective transactions, which may attract regulatory scrutiny.
- Risks Relating to the Business: The company offices, including its Registered Office is located on leased premises or in co-working spaces. If these leases are terminated or not renewed on terms acceptable to the company, it could has a material adverse effect on its business, financial condition and results of operations.
- Risks Relating to the Business: Exchange rate fluctuations may adversely affect the company business, results of operations and cash flow.
- Risks Relating to the Business: There may has been certain discrepancies noticed in some of the company corporate records relating to forms filed with ROC and there may has been certain instances of non-compliances with respect to certain corporate actions taken by the Company in the past. Consequently, its may be subject to regulatory actions and penalties.
- Risks Relating to the Business: The company business depends on the quality and successful implementation of its AI solutions. Delays or failures in meeting contractual timelines or the expectation of the company clients may result in cost overrun, loss of business and disputes which in turn could adversely impact its business, financial condition and results of operations.
- Risks Relating to the Business: The company Board of Directors does not has prior experience in managing the affairs of a listed company, which may impact its ability to comply with regulatory requirements.
- Risks Relating to the Business: The Company has experienced negative net cash flow from operating activities in the nine months period ended December 31, 2025 and may continue to does so in future, which could has a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
- Risks Relating to the Business: Any delay in payment of statutory dues by the Company in future, may result in the imposition of penalties and in turn may has an adverse effect on its Company's business, financial condition, results of operation and cash flows.
- Risks Relating to the Business: The company has certain contingent liabilities as stated in the Restated Consolidated Financial Information, which if they materialize, may adversely affect its financial condition.
- Risks Relating to the Business: The Company, its subsidiaries, Promoters, Directors, KMPs and SMPs are parties to certain legal proceedings. Any adverse decision in such proceedings may has a material adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: The Company has availed unsecured borrowing which is repayable on demand.
- Risks Relating to the Business: The company Promoters has provided personal guarantees in connection with its borrowings. The company business, financial condition, results of operations and prospects may be adversely affected by the revocation of all or any of the guarantees provided by them in connection with its borrowings.
- Risks Relating to the Business: Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Risks Relating to the Business: Conflicts of interest may arise out of common business undertaken by the Company and its Group Companies.
- Risks Relating to the Business: The company funding requirements and proposed deployment of the Net Proceeds of the Issue has not been appraised by a bank or a financial institution, and the proposed utilization of Net Proceeds is based on, amongst others, its current business plan and management estimates, and if there is any delays or cost overruns, the company business, cash flows, financial condition and results of operations may be adversely affected.
- Risks Relating to the Business: The company is subject to restrictive covenants under its financing agreements that could limit the company flexibility in managing its business or to use cash or other assets. Any defaults could lead to acceleration of the company repayment obligations, cross defaults under other financing agreements, termination of one or more of its financing agreements or force the company to sell its assets, which may adversely affect the company cash flows, business, results of operations and financial condition.
- Risks Relating to the Business: The company has in this Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to its operations and financial performance. These non-GAAP measures and industry measures may vary from any standard methodology that is applicable across the industry and therefore may not be comparable with financial or industry related statistical information of similar nomenclature computed and presented by other companies.
- Risks Relating to the Business: Any actual or perceived breach in data security, cyberattack, or system vulnerability could adversely affect the company business operations, reputation, and financial performance.
- Risks Relating to the Business: The company is subject to evolving laws and regulations governing artificial intelligence, data privacy, cybersecurity, and intellectual property, which may increase its compliance costs and adversely affect the company business operations.
- Risks Relating to the Business: Changes in the company subscription or pricing models could adversely affect its operating results.
- Risks Relating to the Business: Fraud, errors, or misconduct by the company employees, consultants, or third-party vendors could adversely affect its reputation and financial results.
- Risks Relating to the Business: The company inability to effectively manage its growth or successfully implement the company business strategies may adversely affect its business, financial condition, and results of operations.
- Risks Relating to the Business: The company success depends on its ability to adapt to changes in client requirements, market trends, and emerging technologies. Failures to innovate or adopt new tools may adversely affect the company growth and competitiveness.
- Risks Relating to the Business: If the company is unable to establish and maintain effective internal controls and compliance systems, its business and reputation could be adversely affected.
- Risks Relating to the Business: If the market for enterprise cloud software develops slowly than the company expect or declines its business could be adversely affected.
- Risks Relating to the Business: Artificial general intelligence may disrupt the market and adversely affect the company business model and ability to compete.
- Risks Relating to the Business: If the company fail to continue to enhance its platform and adapt to rapid technological change, the company ability to remain competitive could be impaired.
- Risks Relating to the Business: If the company is unable to obtain or maintain adequate insurance coverage, its business, financial condition, and results of operations may be adversely affected.
- Risks Relating to the Business: Investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- Risks Relating to the Business: For its business, the company relies heavily on its Promoters namely, Rakesh Agarwal and Lakshmi Agarwal, who is the Managing Director and Whole-Time Director, respectively as well as the company Key Managerial Personnel and Senior Management. Its business performance may has an adverse effect by their departure or by the company failures to recruit or keep them.
- Risks Relating to the Business: Any failures to offer high-quality technical, maintenance, and support services or to meet contractual timelines may adversely affect its customer relationships, reputation, and financial performance.
- Risks Relating to the Business: Failures or disruption of the company information technology ("IT") systems or breach of data security could adversely affect its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The company may not be able to adequately protect its intellectual property, which may adversely affect the company.
- Risks Relating to the Business: The company enter into certain related party transactions in the ordinary course of its business and the company cannot assure you that such transactions will not adversely affect its business, results of operations, profitability and margins, cash flows and financial condition.
- Risks Relating to the Business: The company material subsidiaries does not has any registered intellectual property, which may limit their ability to protect their proprietary rights and may expose them to risks of infringement or imitation.
- Risks Relating to the Business: The company has undertaken, and may continue to undertake, strategic acquisitions and investments, which may not perform in line with its expectations or may be prone to other contingencies.
- Risks Relating to the Business: Failures to obtain or maintain or renew licenses, registrations, permits and approvals in a timely manner or at all may adversely affect its business, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: Certain sections of this Red Herring Prospectus contain information from the D&B Report which has been commissioned and paid for by the company and any reliance on such information for making an investment decision in this offering is subject to inherent risks.
