GenXAI Analytics Ltd on Thursday raised Rs 15 crore from anchor investors ahead of its initial public offering (IPO), which is scheduled to open for public subscription on Friday.
The company allotted 12.92 lakh equity shares to 11 anchor investors, including at Rs 116 apiece, the upper end of the price band, garnering Rs 14.99 crore, according to a filing with the NSE.
Navbharat Investment Trust, Mint Focused Growth Fund PCC-Cell 1, Wealth Wave Capital Fund, Astratinvest Quant Long Short Fund, and 1008 Bharat Growth Fund-I, among others, participated in the anchor round.
The Jaipur-based technology and analytics solutions provider plans to raise up to Rs 54.66 crore through its IPO.
The issue is entirely a fresh issue of 47.28 lakh equity shares and has been priced in the range of Rs 110-116 per share.
The IPO will open on June 5 and close on June 9. Shares of the company will be listed on the NSE Emerge platform.
The proceeds will be used for development of new products, repayment of borrowings, working capital requirements, and general corporate purposes.
GenXAI Analytics provides enterprise performance and analytics solutions across ERP, enterprise performance management, data engineering, application development and generative AI segments.
For FY25, the company reported a revenue of Rs 28.53 crore and a profit after tax of Rs 6.61 crore.
Choice Capital Advisors is the sole book-running lead manager for the IPO.
