Aditya Infotech shares see stellar debut, list at over 50% premium to issue price

Following a blockbuster subscription, shares of Aditya Infotech listed on the bourses on Tuesday, August 5, with a premium of over 50% as against the issue price of ₹675. The stock listed at ₹1,018 on BSE, at a premium of 50.8%, while it listed at a premium of 50.37%, at ₹1,015 on NSE.

The IPO saw overwhelming subscription of 106.23 times, led by institutional and HNI segments. Qualified institutional buyers (QIBs) subscribed 140.5 times, non-institutional investors 75.93 times, and retail investors 53.81 times.

Aditya Infotech's ₹1,300-crore IPO was opened for bidding between July 29 and July 31.

The company, which offers video security and surveillance products under 'CP Plus' brand, sold its shares in a fixed price band of ₹640-675.

The offer included a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS) of shares valued ₹800 crore by promoters.

Proceeds from the fresh to the tune of ₹375 crore have been earmarked for payment of debt while a portion will be used for general corporate purposes.

Aditya Infotech had already raised over ₹582 crore from anchor investors like 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.

Company overview

Aditya Infotech, under its widely recognised 'CP PLUS' brand, offers a comprehensive range of advanced video security and surveillance products and solutions for both enterprise and consumer segments.

Its offerings include AI- and IoT-enabled technologies, integrated security systems, and Security-as-a-Service, catering to sectors such as banking, healthcare, defence, retail, and law enforcement.

The business is divided into manufacturing and trading of CP PLUS products and distribution of Dahua products collectively commanding 25% market share in India with over 2,900 SKUs in FY25.

For FY25, the company reported a net profit of ₹351 crore on revenue of ₹3,123 crore, witnessing a profit growth of 205% year-on-year.

ICICI Securities and IIFL Capita were the book-running lead manager of the Aditya Infotech IPO, while MUFG Intime India (Link Intime) was the registrar.