Aditya Infotech IPO Day 2: Issue booked 27.91 times so far; HNI, retail segments subscribed up to 46.50x

The initial public offering (IPO) of Aditya Infotech Ltd, known for its 'CP Plus' brand of video security and surveillance products, been subscribed 27.91 times so far on the final day of bidding, Thursday, July 31.

As per the BSE data, the IPO received bids for 31.32 crore shares against 1.12 crore shares on offer.

Category-wise subscription details

The non-institutional investors (NIIs) category witnessed highest demand, subscribed 46.50 times, while the retail investor portion also saw robust demand, fetched 37.13 times. Meanwhile, the qualified institutional buyers (QIBs) segment was subscribed 15.92 times.

Ahead of its IPO opening, CP Plus owner Aditya Infotech raised over Rs 582 crore from anchor investors. The company has launched the IPO with setting price band between Rs 640 and Rs 675 per share.

BRLMs, registrar details

ICICI Securities and IIFL Capital Services are the book-running lead managers to the issue, while MUFG Intime India acts as registrar.

The Rs 1,300-crore IPO which opened on Tuesday, July 29, will conclude on Thursday, July 31. It consists of a fresh issue of shares worth Rs 500 crore and an offer for sale (OFS) of Rs 800 crore by promoters.

Funds utilisation

Of the fresh issue proceeds, Rs 375 crore is earmarked for debt repayment, while the remaining funds will go toward general corporate purposes.

About Aditya Infotech

Aditya Infotech provides a wide range of advanced video surveillance products and solutions for both enterprise and consumer markets under the CP Plus brand. The company also offers integrated security systems and security-as-a-service, delivered both directly and through its distribution network.