The IPO of Aditya Infotech Ltd, known for its ‘CP Plus’ brand of video security and surveillance products, garnered strong investor interest, with a 6.87 times subscription by the end of Day 2 on Wednesday.
The public offering was fully subscribed within hours of opening on Tuesday. According to NSE data, the issue received bids for 7,71,16,314 shares against 1,12,23,759 shares on offer.
Retail Individual Investors (RIIs) subscribed 20.06 times their allotted quota, while the Non-Institutional Investors (NIIs) segment saw a subscription of 11.45 times. Meanwhile, the Qualified Institutional Buyers (QIBs) portion was subscribed 24 per cent.
Aditya Infotech has secured more than Rs 582 crore from anchor investors ahead of its Rs 1,300 crore initial public offering (IPO), which is set to close on July 31. The price band for the offering has been set at Rs 640–675 per share.
ICICI Securities and IIFL Capital Services are acting as the book-running lead managers for the IPO.
The IPO consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale (OFS) of Rs 800 crore by the company’s promoters. Of the fresh issue proceeds, Rs 375 crore will be used to repay debt, with the remaining funds allocated for general corporate purposes.
Aditya Infotech provides a wide range of advanced video security and surveillance products, technologies, and solutions catering to both enterprise and consumer markets. The company also delivers integrated security systems and security-as-a-service offerings through direct channels and its distribution network.
