Genxai Analytics IPO, June 9 -- 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 Rs.55 crore, is entirely a fresh issue of 0.47 crore shares. The company has set a price band of Rs.110 to Rs.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 Rs.2,78,400 at the upper end of the price band.

The company plans to use the funds raised for funding working capital need...