Aditya Infotech IPO fully subscribed within hours amid high investor demand

According to National Stock Exchange (NSE) data, the IPO received 1.05 times subscription till 1:36 pm. The company received bids for a total of 1,18,12,438 shares, while 1,12,23,759 shares were available in the offer.

Mumbai: Aditya Infotech Limited Initial Public Offer (IPO) was fully subscribed with tremendous enthusiasm from investors as soon as it opened on Tuesday. The company supplies video security and surveillance equipment under its 'CP Plus' brand. According to National Stock Exchange (NSE) data, the IPO received 1.05 times subscription till 1:36 pm. The company received bids for a total of 1,18,12,438 shares, while 1,12,23,759 shares were available in the offer.

According to the news, looking at the participation of investors, it was found that retail investors (RIIs) subscribed 3.66 times, non-institutional investors 1.42 times and limited institutional buyers subscribed only 1%. The company has already raised Rs 582 crore from anchor investors. This issue of ₹1,300 crore includes a fresh issue of ₹500 crore and an offer for sale (OFS) of ₹800 crore.

IPO To Open On This Date

Aditya Infotech Limited's IPO is open for bidding from 29 July and bidding can be done till 31 July. The company has fixed the price band in the IPO at Rs 640 - Rs 675 per share. The company will repay debt with Rs 375 crore from the amount raised from this IPO and the remaining amount will be used for general corporate needs. Aditya Infotech is a leading security technology company that provides video surveillance systems, smart security solutions, and security-as-a-service services for the consumer and enterprise segments. Its flagship brand CP Plus has a good hold in international markets including India.

GMP For Aditya Infotech IPO

As of 29 July, the grey market premium GMP for Aditya Infotech IPO is reported to be around Rs 255 to Rs 260. With an upper price band of Rs 675, the estimated listing price is around Rs 930 to Rs 935. It may list with a gain of around 37.78% to 38.5%. ICICI Securities and IIFL Capital Services are the lead managers to the IPO.

What Does The Company Do?

Aditya Infotech offers a wide range of video surveillance and security solutions for different sectors under its 'CP PLUS' brand. The company's solutions cater to the needs of both enterprise and consumer segments, making it a leading name in the security and surveillance space.