Aditya Infotech Ltd., a leading provider of CCTV and video surveillance solutions under the ‘CP Plus’ brand, has announced the price band for its upcoming Initial Public Offering (IPO) at ₹640 to ₹675 per share. The company aims to raise ₹1,300 crore through the public issue, which will open for subscription on July 29 and close on July 31. The IPO consists of a fresh issue of equity shares worth ₹500 crore, along with an offer-for-sale (OFS) of shares valued at ₹800 crore by the company’s promoters. Aditya Infotech is expected to list on the stock exchanges on August 5.
Investor Allocation
As per the company’s filing, the IPO will allocate:
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75% of the offer to Qualified Institutional Buyers (QIBs)
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15% to Non-Institutional Investors (NIIs)
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10% to Retail Individual Investors (RIIs)
ICICI Securities and IIFL Securities are serving as the book-running lead managers for the IPO.
Use of Proceeds
From the fresh issue, ₹375 crore will be utilized towards debt repayment, while the remaining amount will be directed towards general corporate purposes. As of March 2024, Aditya Infotech’s total borrowings stood at approximately ₹405 crore, according to the draft red herring prospectus.
Aditya Infotech offers a wide range of advanced video security and surveillance products under its flagship brand ‘CP Plus’. The company provides integrated security systems and Security-as-a-Service (SaaS) solutions to a diverse clientele spanning banking, insurance, real estate, education, healthcare, hospitality, manufacturing, retail, defence, and law enforcement sectors.
Since the launch of CP Plus in 2014, the company has focused on making cost-effective, high-quality security solutions accessible to both enterprise and consumer markets across India.
With the upcoming IPO, Aditya Infotech seeks to strengthen its financial position and accelerate its growth in India’s expanding surveillance technology landscape.
