Genxai Analytics' initial public offering (IPO) allotment date is expected today, June 10, 2026, according to livemint.com. The company launched a 55 crore rupees SME IPO, which was a fresh issue of shares, meaning all proceeds will go directly to the company. The IPO price was set at 116 rupees per share.
The grey market premium (GMP) for Genxai Analytics shares is currently trading at 121 rupees, reflecting a 4.31% premium over the IPO price. Investors can check their allotment status through platforms like Bigshare and the NSE, as detailed on livemint.com. The fresh issue structure indicates the company is raising capital for expansion or operational needs rather than existing shareholders selling stakes.
This IPO is significant as it represents a capital raise in the SME segment, which has seen increased activity in recent years. The fresh issue approach contrasts with many IPOs that include secondary sales, highlighting Genxai Analytics' focus on growth funding. The premium in the grey market suggests positive investor sentiment ahead of the listing, which could influence the stock's initial performance.
Investors awaiting the allotment can verify their status on official platforms today. The company’s fresh issue of 55 crore rupees marks a key milestone in its funding journey, with the IPO price set at 116 rupees and the grey market indicating a potential listing premium.