Aditya Infotech Ltd. IPO Full Details

 

🏷️ IPO Snapshot

• Price band: ₹ 640–675 per share around
• Issue size: ₹ 1,300 crore in total 
• Structure:

• Fresh issue: ₹ 500 crore
• Offer‑for‑sale (OFS) by promoters: ₹ 800 crore 

📅 Timeline & Key Dates

• Open: July 29, 2025
• Closes: July 31, 2025
• Allotment date: August 1, 2025
• Refunds & demat credit: August 4, 2025
• Listing date: August 5, 2025 on both BSE and NSE 

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💰 Minimum Investment

• Lot size: 22 shares
• Min. investment at upper band: ₹ 14,850
• Some sources list ₹ 14,080, but most confirm ₹ 14,850 as accurate for 22 shares at ₹ 675. 

📊 Allocation & Investor Reservation

• Retail Individual Investors (RII): ~10%
• Non‑Institutional Investors (NII): ~15%
• Qualified Institutional Buyers (QIB): ~75%
• Anchor Investors got 44–45% of promoter‑offered shares 
• The top anchor investors include Government of Singapore, HDFC MF, Goldman Sachs, Abu Dhabi Investment Authority, and others 

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🔍 Grey Market Premium (GMP)

• Indicative GMP ranges from ₹ 40–217 above the upper band, pointing to potential listing gains of 6%–32%.
• ETMarkets notes GMP at ₹ 45 at open. 
• Mint & Moneycontrol report the GMP closer to ₹ 200–217, signaling about 30% expected listing gain. 

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🏢 Business & Financial Highlights

• Core business: CP Plus brand — distributor and solutions provider in electronic security and surveillance (CCTV, networking, access control) 
• Network: Present in over 650 cities through ~15,000 channel partners; strong pan‑India presence 

• Financial growth:

  Revenue: ₹ 2,782 Cr (FY23) → ₹ 3,112 Cr (FY25)
• Net profit jumped from ₹ 115 Cr (FY24) to ₹ 3,513 Cr (FY25) — analysts flag margin expansion and possible anomalies 

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🚩 Risks & Analyst Commentary

• Challenges:

• Heavy working capital requirements
• Dependence on imported components (notably China) – exposing supply chain risk
• Valuation concerns:

• Some analysts warn of rich pricing and limited margin of safety at current P/E valuations (~36×–77×) 
• Others, including Anand Rathi, remain bullish on long‑term potential, citing leadership in security tech and strong growth prospects