Aditya Infotech, known for its ‘CP Plus’ brand that sells video security and surveillance products, launched its IPO (Initial Public Offering) on July 29, 2025. The three-day IPO will close on July 31, 2025. The IPO received strong investor interest and was fully subscribed within the first few hours on Day 1. As of the end of 2nd subscription day, the IPO is subscribed 7 times.
Aditya Infotech IPO Subscription Status:
By the end of the second day of bidding on July 30, the Aditya Infotech IPO was subscribed 7.27 times. Investors applied for over 7.73 crore shares, even though only 1.06 crore shares were available.
Retail investors showed strong interest, subscribing 21.27 times their allotted portion. Non-Institutional Investors (NIIs) subscribed 12.08 times, while Qualified Institutional Buyers (QIBs) had only subscribed to 25% of their share by that point.
On the first day, July 29, the IPO had already seen good demand, with an overall subscription of 2.15 times and retail investors subscribing 6.93 times.
Aditya Infotech IPO Details:
The Aditya Infotech IPO is a book-building issue worth Rs 1,300 crore, which includes a fresh issue of Rs 500 crore and an offer-for-sale (OFS) of Rs 800 crore by the promoters. It opened for subscription on July 29, 2025, and will close on July 31, 2025.
The price band for the IPO is set between Rs 640 and Rs 675 per share. The lot size is 22 shares, which means the minimum investment for retail investors is Rs 14,080. There is also a special reservation of up to 97,561 shares for employees at a Rs 60 discount on the issue price.
From the Rs 500 crore raised through fresh shares, the company plans to use Rs 375 crore to repay debts, and the remaining amount for general business purposes.
The IPO allotment is expected to be finalized on August 1, 2025. Refunds for unsuccessful applicants and credit of shares to demat accounts are expected on August 4, 2025. The shares are likely to be listed on both the BSE and NSE on August 5, 2025.
ICICI Securities Limited is managing the issue, and MUFG Intime India Private Limited (Link Intime) is the registrar.
Aditya Infotech Anchor Investment:
Before the IPO opened, the company raised over Rs 582 crore from anchor investors, which indicates strong confidence from institutional investors.
Aditya Infotech Grey Market Premium (GMP):
The GMP for Aditya Infotech shares is currently Rs 280, which means that in the grey (unlisted) market, shares are trading around Rs 955. This reflects a 41.48% premium over the IPO price of Rs 675, showing strong demand, according to investorgain.com.
Should You Apply?
Analysts suggest that Aditya Infotech has a strong position in the video surveillance industry, with growing profits and steady revenue. According to Anand Rathi, Bajaj Broking and Canara Bank, it should be subscribed for long term.
“At a price-to-earnings (P/E) ratio of 22.5x, the IPO is seen as fairly priced. It should be “Subscribe for Long Term” rating, based on the company’s growth potential and market leadership,” noted Brokerage firm Anand Rathi.
“Aditya Infotech’s control over the supply chain, strategic brand positioning through CP PLUS, and presence in both enterprise and consumer segments strengthen its long-term outlook. The IPO is valued at a P/E of 20.44x based on FY25 postexceptional earnings. We recommend a SUBSCRIBE rating with a medium to long-term horizon,” said Canara Bank.
“In Fiscal 2025, the company sold its products in over 550 cities and towns across India. Its nationwide operations were supported by a robust infrastructure. Additionally, to enhance retail presence and customer accessibility, the company had established 69 dedicated CP PLUS Galaxy stores operated by its distributors across India as of March 31, 2025,” noted Bajaj Broking.
Company Overview:
Aditya Infotech is a leading provider of security solutions under the CP Plus brand. It offers products and services such as cameras, surveillance systems, and security software. The company serves both businesses and individual customers through direct sales and a distribution network.
In the financial year 2025, the company had 2,986 different product models and sold them in over 550 cities and towns across India.
AIL runs its business through a network of 41 branch offices and 13 service across the country. It sells its products through more than 1,000 distributors in large and small cities, and it works with over 2,100 system integrators who install and manage the systems.
Financial Performance:
In the financial year 2025, Aditya Infotech reported a revenue of Rs 3,111.8 crore, showing a 12% increase compared to the previous year. The company’s net profit (PAT) rose sharply by 205% to Rs 351.37 crore.
As of March 31, 2025, Aditya Infotech’s net worth was Rs 1,017.66 crore, and its debt-to-equity ratio was 0.41, indicating low financial risk.
Disclaimer
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