GenXAI Analytics IPO Allotment: How to check status online on NSE, Bigshare Services

GenXAI Analytics IPO allotment status is expected to be finalised on Wednesday, June 10. The bid finalisation details will be out on the websites of the NSE and Bigshare Services.

The ₹54.84 crore initial share sale was solely a fresh issuance of 47.28 lakh shares. There was no offer for sale (OFS) component.

The proceeds will be utilised for development of new products, working capital requirements, repayment of borrowings, and general corporate purposes.

"We believe that listing will enhance our corporate image and visibility of brand name of our company. We also believe that our company will receive the benefits from listing of equity shares on the Emerge Platform of NSE. It will also create a public trading market for the equity shares of our company," GenXAI Analytics said in its red herring prospectus.

With a price band of ₹110 to ₹116 per share, a lot consisted of 1,200 shares. The minimum investment for an individual investor was two lots or 1,200 shares.

Before the IPO, the company had raised ₹15 crore from anchor investors, including Navbharat Investment Trust, Wealth Wave Capital Fund, Astratinvest Quant Long Short Fund, Mint Focused Growth Fund PCC-Cell 1 and 1008 Bharat Growth Fund-I, among others.

GenXAI Analytics Ltd provides enterprise performance and analytics solutions across enterprise performance management, ERP, data engineering, application development and generative artificial intelligence (AI) segments.

For FY25, the company posted a revenue of ₹28.53 crore and a profit after tax of ₹6.61 crore.

GenXAI Analytics IPO allotment date and time

The basis of allotment of GenXAI Analytics IPO allotment status is likely to be finalised on Wednesday, June 10, by late evening.

How to check GenXAI Analytics IPO allotment status online on NSE

• Go to NSE's bid finalisation page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick ‘Equity & SME IPO bid details’
• Choose 'GENXAI' from the 'Select Symbol' dropdown
• Enter your application number and PAN
• Click on the 'Submit' button

Steps to check GenXAI Analytics IPO allotment status online on Bigshare Services

• Go to this link: www.bigshareonline.com/ipo_Allotment.html
• Select any server from the 3 available
• Click on 'GenXAI Analytics Ltd' from the list
• Enter any of these— Application number, beneficiary ID, or PAN
• Click the 'Search' button

GenXAI Analytics IPO listing date and time

Shares of GenXAI Analytics will be listed on the NSE SME platform on Friday, June 12, at 10 am.

GenXAI Analytics IPO GMP

According to investorgain.com and media reports, GenXAI Analytics' unlisted shares were trading at ₹121 per share, reflecting a grey market premium (GMP) of 4.31% over the upper price band of ₹116.