Shares of Aditya Infotech made a powerful debut on the Indian stock exchanges on August 5, listing at ₹1,015 per share on the NSE — over 50% higher than its IPO price of ₹675. On the BSE, the listing was equally strong at ₹1,018, implying a 51% premium. The company’s market capitalisation at debut stood close to ₹11,900 crore.
The listing performance beat grey market expectations, where shares were trading at a ₹980 level before the debut, showing a grey market premium (GMP) of over 45%.
The ₹1,300-crore IPO of Aditya Infotech, which manufactures CCTV and other security solutions, had generated massive interest from investors. The issue was subscribed more than 100 times during its three-day bidding window from July 29 to July 31. The IPO included a fresh issue of ₹500 crore and an offer-for-sale of ₹800 crore by the promoter Khemka family.
Ahead of the IPO, Aditya Infotech raised ₹582.3 crore through its anchor book on July 28, with participation from 54 institutional investors such as Government of Singapore, Monetary Authority of Singapore, Goldman Sachs, Nomura Trust, Abu Dhabi Investment Authority, and others. A total of 86.26 lakh shares were allotted to anchor investors at ₹675 each.
The company plans to use ₹375 crore from the IPO proceeds to reduce its outstanding debt of ₹422.8 crore (as of May 2025), and the remaining funds will be used for general corporate purposes.
While the IPO was successful due to Aditya Infotech’s market leadership in security products and its strong financials, analysts are cautiously watching the long-term prospects. Jickson Sajee, Research Analyst at INVasset PMS, said that the promoter’s high control and niche business model could be risks in the future. However, he also noted that strong GMP activity and investor demand are good early signals.
ICICI Securities and IIFL Capital acted as the book running lead managers for the issue.
Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com
Source: Moneycontrol
News Desk
