Aditya Infotech Limited (AIL), the pioneer behind the well-known CP PLUS surveillance brand, has officially launched its Initial Public Offering (IPO) on 29 July 2025. This IPO represents a significant milestone for one of India’s leading companies in the CCTV and security products sector, boasting the most extensive product portfolio across the industry.

The IPO comprises a Book Built Issue amounting to ₹1,300.00 Crores, which includes a Fresh Issue of 74.07 Lakh shares valued at ₹500 Crores and an Offer for Sale of 118.51 Lakh shares totaling ₹800 Crores. The public subscription window is open until 31 July 2025, with allotment expected on or about 1 August 2025. The shares are scheduled to be listed on both BSE and NSE around 5 August 2025.

The price band for the IPO is fixed between ₹640 and ₹675 per equity share, placing the company’s expected market capitalization at approximately ₹7,911.89 Crores at the upper price band. The lot size is 22 shares, requiring retail investors to invest a minimum of ₹14,850, while High Net Worth Individuals (HNIs) must invest at least 14 lots (308 shares), equaling ₹2,07,900 at the upper band.

The IPO is managed by reputed book running lead managers, ICICI Securities Limited and IIFL Capital Services Limited, with MUFG Intime India Private Limited handling the registrar responsibilities.

Grey Market Premium and Market Sentiment

The current Grey Market Premium (GMP) for Aditya Infotech IPO stands at ₹125, reflecting an anticipated listing price near ₹800, which implies a substantial premium of 18.51% over the upper price band. This premium indicates strong demand sentiment in the unregulated market, though GMP is not a guarantee of listing price and should be considered informational.

Subscription Status on Day 1

As of 1:00 PM on 29 July 2025, the IPO has been subscribed 0.52 times, demonstrating healthy but incomplete investor participation on the very first day. The subscription trend over the remaining days will determine the overall success of the offering.

Anchor Investors Support

Before opening to public investors, Aditya Infotech secured ₹582.29 Crores from anchor investors by allotting 86,26,666 equity shares at the upper price band of ₹675. This strong anchor subscription underpins institutional confidence in the company’s growth prospects.

Company Overview

Aditya Infotech Limited is renowned for launching the CP PLUS brand over 17 years ago and has since become India’s foremost surveillance brand. The company provides a comprehensive range of CCTV and security products, catering to government, commercial, residential, and industrial sectors across India. Their products enjoy extensive deployment throughout the country, addressing diverse security needs across multiple verticals.

The company’s leadership includes Managing Director Aditya Khemka and Chairman Hari Shanker Khemka, who have steered the company’s growth and strategic expansion with experienced and professional management oversight. The company also benefits from an active and experienced Board of Directors who contribute to governance and strategic decisions.

Financial Performance

Aditya Infotech has demonstrated significant financial growth over the last three fiscal years:

• FY 2023: Revenue ₹22,955.56 Million | EBITDA ₹1,752.57 Million | PAT ₹1,083.11 Million

• FY 2024: Revenue ₹27,959.60 Million | EBITDA ₹2,112.41 Million | PAT ₹1,151.72 Million

• FY 2025: Revenue ₹31,229.26 Million | EBITDA ₹5,070.17 Million | PAT ₹3,513.69 Million

The company’s pre-issue EPS is ₹33.02, with a post-issue EPS of ₹29.98 for FY24. The P/E ratio stands at 20.44x pre-issue and 22.52x post-issue, which is reasonable considering the company’s growth and profitability. Key returns metrics include a Return on Capital Employed (ROCE) of 33.27%, Return on Equity (ROE) of 34.53%, and Return on Net Worth (RoNW) of 34.53%, underscoring operational efficiency and shareholder value creation.

Use of IPO Proceeds

The funds raised will be primarily utilized for:

1. Prepayment and/or repayment of certain outstanding borrowings amounting to ₹3,750 Million, thereby strengthening the company’s balance sheet.

2. General corporate purposes to support ongoing growth initiatives and operational needs.

IPO Allotment and Listing

Investors can check their allotment status starting from 1 August 2025 through the registrar website by selecting the IPO name, entering their Application Number, PAN, or DP Client ID, and submitting for status confirmation. The shares will be listed on both BSE and NSE tentatively on 5 August 2025.

Day-Wise GMP Trend

Investment Outlook

Given Aditya Infotech’s leading position in the Indian surveillance market, robust financial growth, reasonable valuation metrics, and strong anchor investor backing, the IPO offers an attractive opportunity for investors seeking exposure to the fast-growing security products sector. The ₹125 GMP indicates positive market expectations of listing gains.

However, investors should weigh the risks inherent in IPO investments and sector dynamics before subscribing.

Disclaimer: This content is for informational purposes only and should not be considered financial advice. Potential investors should consult financial advisors and conduct due diligence before investing. Investments in equity markets carry risk, and readers must carefully review all relevant documents before applying.

The Upcoming IPOs in this week and coming weeks are Highway Infrastructure, Flysbs Aviation, Part Electricals & Engineering, Jyoti Global Plast, M&B Engineering, Cash Ur Drive Marketing, Renol Polychem, Jyoti Global Plast, Takyon Networks, Mehul Colours, Sri Lotus Developers & Realty, Jyoti Global Plast, B.D. Industries (Pune), NSDL.

The Current active IPO are Aditya Infotech, Lakshmi India Finance, Kaytex Fabrics, Umiya Mobile, Repono, Shree Refrigerations, Sellowrap Industries, Shanti Gold International, Patel Chem Specialities.

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