Aditya Infotech Limited, best known as the parent company of India's leading surveillance brand CP PLUS, closed its ₹1,300 crore Book Built IPO with an impressive subscription figure of 43.19 times as of July 31, 2025, 7 PM. This overwhelming demand indicates high investor confidence, driven by the company’s market leadership in the security and surveillance domain.

The IPO comprised a Fresh Issue of ₹500 crore (74.07 lakh shares) and an Offer for Sale (OFS) worth ₹800 crore (118.51 lakh shares), with a price band of ₹640–675 per share. The equity shares are slated to be listed on the BSE and NSE on August 5, 2025.

About Aditya Infotech

Founded over 17 years ago, Aditya Infotech Limited (AIL) has built a strong brand around CP PLUS, making it one of the most trusted CCTV and security solutions providers in India. The company's extensive product portfolio spans commercial, industrial, residential, and government sectors, with installations across India’s remotest corners.

Led by Aditya Khemka (Managing Director) and Hari Shanker Khemka (Chairman & Whole-Time Director), the company’s leadership boasts decades of industry experience, contributing to AIL’s consistent growth and innovation in the surveillance ecosystem.

Financial Performance

AIL’s financial track record reveals robust and consistent growth:

• EBITDA Margin FY25: 16.23%

• Pre-Issue EPS (FY24): ₹33.02

• Post-Issue EPS (FY24): ₹29.98

• Post-Issue P/E (at ₹675): 22.52x

• Industry P/E: 25x (approx.)

These figures underscore efficient capital deployment, strong return ratios, and a growing bottom line.

IPO Details at a Glance

• IPO Size: ₹1,300 Crores

• Price Band: ₹640–675 per share

• Lot Size: 22 shares

• Retail Investment Minimum: ₹14,850 (1 lot)

• HNI Minimum Investment: ₹2,07,900 (14 lots)

• Market Cap (at ₹675): ₹7,911.89 Crores

• Registrar: MUFG Intime India Pvt Ltd

• BRLMs: ICICI Securities, IIFL Capital Services

• Anchor Investment: ₹582.29 Cr from marquee investors on July 28, 2025

Grey Market Premium (GMP)

As of July 25, 2025, the GMP was ₹200, suggesting an expected listing price of ₹875 – a potential 29.62% listing gain over the issue price. While GMP is unofficial and speculative, it often reflects demand anticipation in secondary markets.

IPO Objectives

The net proceeds from the Fresh Issue will be utilised as follows:

1. ₹375 crore for repayment or prepayment of borrowings.

2. Balance for general corporate purposes.

These objectives are aligned with deleveraging goals and expansion strategies, positioning AIL for future growth.

Subscription Breakdown

The IPO saw strong demand across investor categories:

Anchor Investors Participation

On July 28, 2025, Anchor Investors were allotted 86,26,666 shares at ₹675 apiece, aggregating to ₹582.29 crore. This includes participation from mutual funds, insurance firms, and FIIs, further reinforcing market confidence.

Allotment & Listing Schedule

• IPO Close Date: July 31, 2025

• Allotment Finalization: August 1, 2025 (Friday)

• Listing Date: August 5, 2025 (Tuesday)

How to Check Allotment:

1. Visit the Registrar’s IPO allotment page.

2. Select Aditya Infotech IPO from the dropdown.

3. Enter your PAN, Application No., or DP Client ID.

4. Click Submit to view your allotment status.

Recommendation

Considering:

• Strong revenue and profit growth

• Market leadership in a critical and expanding industry (CCTV & surveillance)

• Reasonable valuations with room for upside

• Positive market sentiment (43.19x subscription, ₹200 GMP)

We recommend investors to APPLY to the Aditya Infotech Limited IPO for listing gains. The fundamentals also support a long-term investment perspective.

Disclaimer

The above analysis is for educational and informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Kindly consult your financial advisor before investing.

The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Parth Electricals & Engineering, Jyoti Global Plast, Essex Marine, Aaradhya Disposal Industries.

The Current active IPO are Flysbs Aviation, Cash Ur Drive Marketing, Renol Polychem, B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty.

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