Aditya Infotech IPO Receives Over 106x Subscription On Day 3, Retail Booked By 53.8x; Check Latest GMP | Ipo News
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Aditya Infotech IPO GMP Today, Subscription Status: Its grey market premium currently stands at 42.96%, indicating strong listing gains for investors.
Aditya Infotech IPO GMP Today.
Aditya Infotech IPO GMP Today, Subscription Status: The initial public offering of Aditya Infotech, which offers video security and surveillance products under ‘CP Plus’ brand, has been closed today, Thursday, July 31. The price band of the mainboard IPO, which plans to raise Rs 1,300 crore, was fixed in the range of Rs 640 to Rs 675 apiece. On the final day of bidding on Thursday, the issue received a 106.23 times subscription, garnering bids for 1,13,04,01,778 shares as against the 1,06,41,266 shares on offer.
The retail and NII participation stood at 53.81x and 75.93x, respectively. The QIB category has received a 140.50x subscription.
The IPO’s grey market premium currently stands at 42.96%, indicating strong listing gains for investors.
Aditya Infotech IPO Key Dates
The IPO will remain open for public subscription between July 19, 2025, and July 31, 2025. The share allotment will likely be finalised on August 1, and the company is expected to be listed on both BSE and NSE on August 5.
Aditya Infotech IPO Price & Lot Size
The price band of the IPO has been fixed in the range of Rs 640 to Rs 675 per share.
For investors, the minimum lot size for the IPO is 22. It means investors will have to apply for a minimum of 22 shares or in multiple thereof. So, retail investors require a minimum capital of Rs 14,080 to apply for the IPO.
Aditya Infotech IPO GMP
According to market observers, unlisted shares of Aditya Infotech Ltd are currently trading at Rs 965 against the upper IPO price of Rs 675. It means a grey market premium or GMP of Rs 290, which is 42.96% over its issue price, indicating strong listing gains.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Aditya Infotech IPO: Analysts’ Recommendations
Most brokerages have recommended a ‘Subscribe’ rating for long-term investors, on the back of Aditya Infotech’s market position and industry tailwinds. However, a few have raised challenges on valuation and supplier dependency.
Anand Rathi Shares & Stock Brokers offered a ‘Subscribe for long-term’ view, calling Aditya Infotech “India’s leading provider of video security and surveillance products” with a market share of 20.8% in FY25. The brokerage noted its broad product portfolio and minimal competition. It sees strong growth potential through compliance with emerging cybersecurity regulations and next-gen tech upgrades.
Ventura Securities maintained a ‘Subscribe’ stance, stating that Aditya Infotech is poised to benefit from tailwinds such as Smart Cities and Digital India. “The residential segment alone is expected to grow at a CAGR of 15.1 per cent in revenue from FY24 to FY29,” it said, praising the company’s distribution network and wide-ranging product suite.
SMIFS echoed similar optimism, recommending investors ‘Subscribe’ to the issue. “Aditya Infotech’s dominant market position, scalable business model, and long-term growth potential,” along with strategic partnerships and a focus on innovation, position it strongly in India’s evolving surveillance sector.
Swastika Investmart also suggested a ‘Subscribe’ rating, pointing to the company’s expanding Ebitda margin (8.27% in FY25), nationwide reach, and sector growth. “Based on recent financials and dependence on key suppliers like Dahua, the issue appears reasonably priced but carries concentration risks,” it warned, suggesting investors apply for both long-term and listing gains.
Aditya Birla Money has given a straightforward ‘Subscribe’ recommendation. It emphasized the IPO’s goal of reducing debt and cited the impact of the new STQC norms. “At the upper price-band, the issue is valued at 43x P/E… AIL with its manufacturing muscle & strong brand image is best placed to benefit from the tailwinds created,” the note said.
Lakshmishree Investment & Securities also leaned positive with a ‘Subscribe for long-term’ rating. It acknowledged risks such as reliance on China and revenue concentration but noted that “with scalable growth and strong fundamentals, we rate this IPO a Subscribe for long-term wealth creation.” The brokerage also highlighted the company’s “AI-powered, ‘Make in India’-aligned product line” and its strategic manufacturing hub in Kadapa.
Canara Bank Securities has given a ‘Subscribe with caution’ rating. It highlighted the company’s leadership position, scalable business model, and presence across enterprise and consumer segments through the CP PLUS brand. “The IPO is valued at a P/E of 20.44 times based on FY25 post exceptional earnings. We recommend a SUBSCRIBE rating for well-informed investors with a medium to long-term horizon,” it said.
SBI Securities, however, has issued an ‘Avoid’ call. While acknowledging the benefits from new quality norms and backward integration plans, the brokerage flagged high valuations and weak cash flows. “It trades at FY25 P/E of 77 times, which we believe is exorbitant, in the backdrop of mid-teen return ratios and weak operating cash flows,” it noted, also citing comparability issues due to the AIL-Dixon JV consolidation.
Aditya Infotech IPO: More Info
The company’s IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer For Sale (OFS) of shares valued at Rs 800 crore by promoters.
Proceeds from the fresh issue to the tune of Rs 375 crore have been earmarked for payment of debt, and besides, a portion will be used for general corporate purposes.
This anchor portion witnessed participation from domestic and foreign institutional investors, including Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority, according to a circular uploaded on the BSE website.
As per the circular, Aditya Infotech has allotted 86.26 lakh equity shares to 54 funds at Rs 675 apiece. This aggregates the transaction size to Rs 582.3 crore.
As of March 2024, the company’s total borrowings stood at around Rs 405 crore, according to its draft papers.
Aditya Infotech offers a comprehensive range of advanced video security and surveillance products, technologies and solutions for enterprise and consumer segments under ‘CP Plus’ brand.
In addition, the company offers solutions and services such as fully integrated security systems and security-as-a-service directly and through its distribution network.
The company announced that 75 per cent of the offer size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per for retail investors.
ICICI Securities and IIFL Securities are the book-running lead managers to the issue. Aditya Infotech is expected to list on the bourses on August 5.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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