Security-tech firm Aditya Infotech Ltd, known for its CP Plus brand of advanced video surveillance systems, today announced its maiden public offering. Priced at ₹640–675 per share, the IPO opens on July 29 and closes on July 31, with the anchor book scheduled to open on July 28 .
Aimed at raising ₹1,300 crore, the issue comprises a fresh issue of ₹500 crore and offer-for-sale by existing shareholders worth ₹800 crore. Of the fresh funds, ₹375 crore has been earmarked for debt repayment (total borrowings stood at ₹405.45 crore as of March 2024), and the remaining for general corporate purposes. Retail investors can bid in lots of 22 shares, with institutional quotas: 75% for QIBs, 15% for NIIs, and 10% for retail. An employee reservation of up to ₹6 crore is also in place. The basis of allotment is expected on August 1, with refunds and demat credits scheduled for August 4 and listing on the BSE/NSE earmarked for August 5.
Managed by ICICI Securities and IIFL Securities, the IPO comes at a time when Aditya Infotech is strengthening its presence across sectors via its extensive distribution network, multiple warehouses, and integrated security services.
