Aditya Infotech IPO gets 100 times subscription, huge demand from investors

The initial public offering (IPO) of Aditya Infotech Limited, which produces video security and surveillance products under the 'CP Plus' brand, received 100.69 times subscription on the closing day of bidding on Thursday. As per figures available with NSE, its initial share sale of Rs 1,300 crore got bids for 1,13,00,92,216 shares as against 1,12,23,759 shares.

The portion of qualified institutional buyers (QIBs) got 133.21 times the subscription. The portion of non-institutional investors got 72 times, and the portion of retail individual investors (RIIs) got 50.87 times the subscription.

Aditya Infotech Limited's initial public offering got completely subscribed within hours of opening of bids on Tuesday. Aditya Infotech had raised more than Rs 582 crore from anchor investors on Monday.

The issue price band of this IPO is Rs 640-675 per equity share. The IPO of the company is a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale aggregating to Rs 800 crore by the promoters.

The amount of Rs 375 crore raised from the fresh issue is earmarked for debt repayment, while a portion will be used for general corporate purposes.

Aditya Infotech offers a wide range of advanced video security and surveillance products, technologies, and solutions for the enterprise and consumer segments under the 'CP Plus' brand.

In addition, the company provides solutions and services such as fully integrated security systems and security services directly and through its distribution network.

ICICI Securities and IIFL Capital Services are the book-running lead managers to the issue.