The ₹1,300 crore initial public offering (IPO) of Aditya Infotech Ltd, an ICICI Securities-backed company known for its CP Plus surveillance products, opened for subscription today and received a robust response from retail investors, with a total subscription of 90% by mid-day.
IPO Subscription Snapshot (as of 1:00 PM IST)
- Total Subscription: 0.90 times
- Retail Individual Investors (RIIs): 3.13 times
- Non-Institutional Investors (NIIs): 1.20 times
- Employees: 0.70 times
- Qualified Institutional Buyers (QIBs): 0.00 times
Aditya Infotech is part of the blockbuster IPO week beginning July 29, featuring 14 listings across mainboard and SME segments, with combined fundraising exceeding ₹7,000 crore. Alongside NSDL and Aditya Infotech, names like Laxmi India Finance and Shree Lotus Developers are also in focus.
Grey Market Premium and Valuation
The IPO is witnessing strong interest in the grey market, with a GMP of ₹240–₹250 per share, implying a 36% premium over the upper price band of ₹675. Analysts expect the listing price to reach around ₹915, reflecting solid investor appetite.
At the upper band, Aditya Infotech’s P/E ratio is ~22.5x based on FY25 earnings and nearly 60x on FY24 figures — signaling aggressive but justified pricing given the company’s growth.
Financials and Company Overview
- FY25 Revenue: ₹3,123 crore
- FY24 Revenue: ₹2,796 crore
- FY25 Net Profit: ₹351.37 crore (vs ₹115.17 crore in FY24)
- ROE: ~34.5% | ROCE: ~33.3% | Debt-to-Equity: ~0.41x
Operating under the CP Plus brand, Aditya Infotech has a nationwide presence across 550+ cities with 30,000+ partners, 41 branches, and a manufacturing base in Andhra Pradesh.
IPO Structure and Timeline
- IPO Size: ₹1,300 crore
- ₹500 crore (Fresh Issue)
- ₹800 crore (Offer for Sale by promoters)
- Price Band: ₹640–₹675
- Lot Size: 22 shares (₹14,080 minimum)
- Employee Discount: ₹60 per share
- Allotment Date: August 1, 2025
- Listing Date: August 5, 2025
- Exchanges: NSE and BSE
The IPO allotment will be done on a pro-rata basis and the shares will be credited to successful investors’ demat accounts ahead of listing.
As market momentum continues and grey market signals remain strong, the Aditya Infotech IPO could emerge as one of the most successful listings in the ongoing IPO season.
