Genxai Analytics IPO Day 3: GMP signals 5% listing gains; check subscription status and other details
Genxai Analytics IPO, closing today, has received strong investor interest. The ₹55 crore offering includes 0.47 crore shares priced between ₹110 and ₹116, mainly targeting working capital and development expenses.
Genxai Analytics IPO: The initial public offering (IPO) of Genxai Analytics, which is slated to close for bidding today, 9 June, has garnered a strong response from investors so far. The offer opened for subscription on 5 June. Investors have till 5 pm today to bid for the SME IPO.
Genxai Analytics IPO, worth ₹55 crore, is entirely a fresh issue of 0.47 crore shares. The company has set a price band of ₹110 to ₹116 per share for the initial share sale. Investors can apply for the SME IPO in lots of 800 shares. A retail investor needs to apply for at least two lots of the IPO, resulting in a payout of ₹2,78,400 at the upper end of the price band.
The company plans to use the funds raised for funding working capital needs of the company, repayment of certain borrowings, capital expenditure to meet development expenses of new products and general corporate purposes.
In the offer, 50% is earmarked for qualified institutional buyers (QIBs), 15% for non-institutional investors (NII) and the remaining 35% for retail investors.
The allotment for Genxai Analytics IPO will be finalised on 10 June, with the listing of shares slated for 12 June on NSE SME.
Genxai Analytics IPO subscription
As of the third day of the book-building process at 2.45 pm, Genxai Analytics IPO's subscription status stood at 7.89 times. The offer received bids for 2.52 crore shares as against 31.95 lakh shares on offer.
The NII portion was booked the most at 21.15 times, followed by the retail segment at 6.69 times and lastly the QIB quota garnered 1.45 times subscription so far.
Genxai Analytics IPO GMP
The grey market premium (GMP) for Genxai Analytics IPO stood at ₹6 today. This means that shares of Genxai Analytics are trading ₹6 higher than the offer price in the unofficial market. At the prevailing GMP, Genxai Analytics IPO listing price could be ₹122, signalling a listing gain of 5.17%.
The highest GMP for the offer has been ₹15, and the lowest is ₹0.
About Genxai Analytics
Genxai Analytics is a technology-driven provider of enterprise performance and analytics solutions that enable organisations to streamline workflows, improve system performance, and enhance operational efficiency.
It integrates data and processes across finance, sales, operations, customer management, and human resources into unified systems, enabling teams to work with a single source of information and make operational decisions more efficiently.
To support these outcomes, the company offers a suite of AI-enabled workflow and analytics tools, including AI-assisted recommendation and content-generation solutions. These tools are designed to integrate with existing IT infrastructure to automate workflows and support data-driven decision-making.
Its service offerings span enterprise planning, data engineering, analytics, application development, and generative Artificial Intelligence (AI)-led solutions.
Disclaimer: This story is for educational purposes only. We advise investors to check with certified experts before making any investment decisions.
About the Author
Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.<br> At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.<br> Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.<br> Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.
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