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Aditya Infotech IPO: The initial share window of Aditya Infotech, which offers video security and surveillance products under the 'CP Plus' brand, opened on Tuesday, July 29, and will conclude on Thursday, July 31. The company has launched an IPO aimed at raising Rs 1,300 crore. It fixed the price band between Rs 640 and Rs 675 per share
The company's IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer For Sale (OFS) of shares valued at Rs 800 crore by promoters.
The initial share window of Aditya Infotech, which offers video security and surveillance products under the 'CP Plus' brand, opened on Tuesday, July 29, and will conclude on Thursday, July 31. The company has launched an IPO aimed at raising Rs 1,300 crore. It fixed the price band between Rs 640 and Rs 675 per share.
The company's IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer For Sale (OFS) of shares valued at Rs 800 crore by promoters.
Anchor investor details
Ahead of its IPO launch, the company raised Rs 582.3 crore from anchor investors on Monday. The anchor book saw participation from a mix of prominent domestic and global institutional investors, including the Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority. The company has allotted 86.26 lakh equity shares to 54 anchor funds at the upper end of the price band.
Proceeds utilisation
Out of the fresh issue proceeds, Rs 375 crore has been earmarked for debt repayment, with the remaining to be used for general corporate purposes.
According to the draft red herring prospectus, the company’s total borrowings stood at approximately Rs 405 crore as of March 2024.
Allocation structure
As per the IPO structure, 75 per cent of the issue is reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.
Who are BRLMs, registrar
ICICI Securities and IIFL Securities are acting as the book running lead managers to the issue, while MUFG Intime India has been appointed as official registrar.
Aditya Infotech listing date
Shares of Aditya Infotech are expected to list on the stock exchanges--NSE and BSE--on August 5.
About Aditya Infotech
Aditya Infotech is known for offering a wide portfolio of advanced video security and surveillance solutions under the ‘CP Plus’ brand, catering to both enterprise and consumer markets. It also provides integrated security systems and security-as-a-service through direct channels and an extensive distribution network.
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