GenXAI Analytics, a technology driven enterprise performance and analytics solutions provider, plans to raise ₹55 crore through initial public offering on NSE Emerge platform.
The company will issue 47.28 lakh equity shares in the price band of ₹110 – ₹116 a share. The lot size has been fixed at 1,200 equity shares.
The net proceeds from the IPO will be used for capital expenditure for development of new products, repayment of borrowings, working capital requirements and the general corporate purposes. The anchor bidding opens on Thursday while it will open on Friday for other investors.
The company has appointed Choice Capital Advisors as the Book Running Lead Manager while Bigshare Services will be the Registrar.
Rakesh Agarwal, Managing Director, GenXAI Analytics said over the years, the company has evolved from a consulting-led organisation into a technology-driven analytics and AI solutions provider, focused on delivering value-driven digital transformation services to enterprises across industries.
The IPO represents not just a fundraising event, but a stepping stone towards scaling capabilities and strengthening market presence, he said.
Ratiraj Tibrewal, Director, Choice Capital Advisors said the country’s digital transformation and enterprise analytics industry has been witnessing strong momentum, driven by rapid adoption of AI, cloud technologies, automation and data-driven decision-making across businesses.
The evolving landscape presents significant long-term opportunities for technology-focused companies like GenXAI Analytics, he said.
The company has demonstrated significant growth with its diversified technology solutions spanning ERP, EPM, Data Engineering and Analytics, Application Development and Generative AI solutions. The company’s focus on innovation, customer-centric execution and scalable business model positions it to capitalise on the growing demand for enterprise digital transformation services, he added.