Aditya Infotech IPO: Strong GMP and Listing Preview

Posted on August 4, 2025

The Aditya Infotech IPO is set to be listed on both the BSE and NSE on August 5, 2025. The public issue received an overwhelming response, being subscribed over 100 times by investors across categories. As of August 4, 2025, the Grey Market Premium (GMP) for Aditya Infotech shares is around ₹300–₹302, which suggests a strong projected debut. This premium signals that shares could list at a price about 44–45% higher than the upper end of the IPO price band (₹675), indicating a robust listing performance is expected .

Basic IPO Details

IPO Dates: Opened July 29, 2025; closed July 31, 2025.
Listing Date: Scheduled for August 5, 2025, on both NSE and BSE.
Price Band: ₹640–₹675 per equity share.
Lot Size: 22 shares (minimum investment around ₹14,850).
Issue Size: ₹1,300 crore (Fresh issue: ₹500 crore, Offer for Sale: ₹800 crore).
Registrar: MUFG Intime India Pvt Ltd (formerly Link Intime).
Lead Managers: ICICI Securities, IIFL Capital Services .

Subscription Details

Overall Subscription: Oversubscribed by over 100 times (some sources even state much higher).
By Category:
- Qualified Institutional Buyers (QIBs): 133.21x
- Non-Institutional Investors: 72x
- Retail Investors: 50.87x–53.81x
- Employees: 8.5x

IPO Objectives

Fund Utilization: To prepay/repay certain outstanding borrowings and for general corporate purposes .

Company Background

About Aditya Infotech: A leader in India’s security surveillance sector, marketing under the popular ‘CP PLUS’ brand. Known for indigenous manufacturing and a wide distribution network across 550+ Indian cities, serving banks, healthcare, defense, education, and retail .
Product Range: Nearly 3,000 SKUs, including CCTV cameras, DVRs/NVRs, access control, mobile surveillance, and more.
Manufacturing: Major facility located in Kadapa, Andhra Pradesh, with capacity for 15 million units annually .

Financials & Market Position

Market Share: 20.8% share in India’s security surveillance market (FY2025).
Promoters: The Khemka family, with pre-issue holding of 92.58% (to reduce to around 76.7% post-issue).
Anchor Investors: Strong demand from marquee foreign and domestic funds, including Sovereign funds, large mutual funds, life insurers, and global investment houses.

Listing Gain and GMP

Grey Market Premium (GMP): Trading around ₹285–₹302 per share (as of August 4, 2025), implying a projected listing gain of approximately 44–45% over the issue price. This suggests a possible listing price in the ₹960–₹980 range, based on the upper end of the band .

Risks & Considerations

Strengths: Market leader, large distribution, strong brand, and indigenous manufacturing.
Risks: Heavy dependence on one product segment (CCTV), significant imports from China (exposure to trade risks), and all manufacturing in a single facility.

Allotment Status

Out on August 1, 2025. Applicants can check status via Link Intime (registrar), BSE, or NSE platforms .

Summary Table

Parameter	Details
Price Band	₹640–₹675 per share
Lot Size	22 shares (min investment ~₹14,850)
Issue Size	₹1,300 crore
Bidding Dates	29-31 July 2025
Listing Date	5 August 2025
Subscription (Total)	100.69–133.21x (category totals vary)
GMP (Aug 4, 2025)	₹285–₹302
Estimated Listing Price	₹960–₹980 (based on GMP)
Issue Structure	Fresh: ₹500cr; OFS: ₹800cr
Purpose	Debt repayment, general corporate use
Promoters	Khemka family (pre-issue 92.58%)
Anchor Investors	Yes, prominent global and domestic names

Aditya Infotech’s IPO is attracting significant market attention and is poised for a strong entry on the stock exchanges, as reflected by the prevailing grey market signals and exceptional subscription numbers .

Ref: Aditya Infotech IPO listing date in focus. GMP signals strong debut of shares

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