Aditya Infotech IPO 2025: Date, Review, Price, Allotment Details
The Aditya Infotech IPO, a mainboard IPO from New Delhi-based Aditya Infotech Limited, opens for subscription on July 29, 2025, and closes on July 31, 2025, aiming to raise ₹1,300 crores. Priced at ₹640–₹675 per share, this IPO targets investors interested in the booming video security and surveillance sector. As of July 25, 2025, the grey market premium (GMP) ranges from ₹225–₹250, suggesting potential listing gains of 33–37%. This article provides a comprehensive overview of the Aditya Infotech IPO, including key dates, price details, financial performance, review, and allotment process to guide investors.
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Aditya Infotech IPO Details
The Aditya Infotech IPO is a book-built issue comprising a fresh issue of 74.07 lakh equity shares (₹500 crores) and an offer for sale (OFS) of 1.18 crore shares (₹800 crores) with a face value of ₹1 per share. Below are the key details based on the Red Herring Prospectus (RHP) filed on July 23, 2025, and recent updates:
| Particulars | Details |
|---|---|
| IPO Open Date | July 29, 2025 |
| IPO Close Date | July 31, 2025 |
| Face Value | ₹1 per equity share |
| IPO Price Band | ₹640 to ₹675 per share |
| Issue Size | Approx. ₹1,300 crores (1.93 crore shares) |
| Fresh Issue | Approx. ₹500 crores (74.07 lakh shares) |
| Offer for Sale | Approx. ₹800 crores (1.18 crore shares) |
| Lot Size | 22 shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| Retail Quota | Not more than 10% |
| QIB Quota | Not more than 75% |
| NII Quota | Not more than 15% |
| Employee Discount | ₹60 per share |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
| Anchor Investors List | Click Here |
| Book Running Lead Managers | ICICI Securities Limited, IIFL Capital Services Limited |
| Registrar | MUFG Intime India Private Limited (Link Intime) |
The IPO allocates 75% to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and 10% to Retail Individual Investors (RIIs), with an employee reservation offering a ₹60 discount. The minimum investment for retail investors is ₹14,850 (22 shares at ₹675). The public issue constitutes approximately 26% of the post-issue paid-up equity share capital. The OFS includes ₹524 crores by Aditya Khemka, ₹200 crores by Rishi Khemka, ₹12.32 crores by Ananmay Khemka, ₹42.64 crores by Hari Shankar Khemka (HUF), ₹19.89 crores by Shradha Khemka, and ₹1.15 crores by Aditya Khemka (HUF).
Aditya Infotech IPO Market Lot
The Aditya Infotech IPO minimum market lot is 22 shares with a ₹14,850 application amount at the upper price band. Retail investors can apply for up to 13 lots (286 shares, ₹1,93,050) within the ₹2 lakh cap, while HNIs have higher minimums, per BSE/NSE bidding rules effective July 1, 2025.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 22 | ₹14,850 |
| Retail Maximum | 13 | 286 | ₹1,93,050 |
| S-HNI Minimum | 14 | 308 | ₹2,07,900 |
| B-HNI Minimum | 68 | 1,496 | ₹10,09,800 |
Aditya Infotech IPO Dates
The key dates for the Aditya Infotech IPO are as follows:
| Event | Date |
|---|---|
| IPO Open Date | July 29, 2025 |
| IPO Close Date | July 31, 2025 |
| Basis of Allotment | August 1, 2025 |
| Refunds | August 4, 2025 |
| Credit to Demat Account | August 4, 2025 |
| IPO Listing Date | August 5, 2025 |
Investors can track subscription status on BSE, NSE, or the registrar’s portal (Link Intime) during the subscription period. Bidding closes at 5:00 PM on July 31, with UPI mandate acceptance until 5:00 PM.
Promoters of Aditya Infotech IPO
The promoters are Hari Shanker Khemka, Aditya Khemka, Ananmay Khemka, and Hari Khemka Business Family Trust.
About Aditya Infotech IPO
Incorporated in 1995 as Perfect Lucky Goldstar International Limited and renamed Aditya Infotech Limited in 1997, the company is India’s largest Indian-owned provider of video security and surveillance products, holding a 20.2% market share in FY24, per Frost & Sullivan. Operating under the CP PLUS brand since 2014, Aditya Infotech offers a wide range of products, including HD analog cameras, IP network cameras, digital/network video recorders, biometric and access control systems, body-worn cameras, thermal cameras, and AI-powered solutions like automatic number plate recognition and heat mapping. Its 2,986 SKUs serve residential and enterprise segments across banking, healthcare, defense, education, and retail. The company operates a manufacturing facility in Kadapa, Andhra Pradesh (15.59–17.20 million units annual capacity), an R&D center in Noida, Uttar Pradesh, and a network of 800+ distributors, 2,200+ system integrators, 40 branch offices, and 48 CP PLUS Galaxy stores across 550+ cities. Strategic partnerships with Dahua India and Dixon Technologies bolster its “Make in India” alignment. Key clients include Delhi Police and Madhya Pradesh Police.
Aditya Infotech IPO Company Financial Report
Aditya Infotech’s financials reflect strong growth, with a 205% PAT increase in FY25. Below is a summary of its financial performance:
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 2,295.56 | 2,156.07 | 108.31 | 1,708.76 |
| 2024 | 2,795.96 | 2,606.11 | 115.17 | 1,644.18 |
| 2025 | 3,122.93 | 2,937.47 | 351.37 | 3,174.54 |
Revenue grew by 12% and PAT by 205% from FY24 to FY25, with a 17% revenue CAGR and 80% PAT CAGR from FY23–FY25, driven by increased demand and operational efficiency.
Aditya Infotech IPO Valuation – FY2025
Key valuation metrics for Aditya Infotech IPO based on FY25 financials are as follows:
| KPI | Values |
|---|---|
| ROE | 34.53% |
| ROCE | 33.27% |
| EBITDA Margin | 8.27% |
| PAT Margin | 11.25% |
| Debt to Equity Ratio | 0.41 |
| Earning Per Share (EPS) | ₹33.02 (Basic, Pre-Issue) |
| Price/Earning P/E Ratio | 20.44 (at ₹675) |
| Return on Net Worth (RoNW) | 34.53% |
| Net Asset Value (NAV) | ₹95.64 |
The P/E ratio is calculated using FY25 EPS, indicating a reasonable valuation for a market leader. Note: Some sources report a P/E of 22.5x, but 20.44x aligns with RHP data.
Peer Group Comparison
There are no listed peers in India’s video surveillance sector, making Aditya Infotech a unique investment opportunity.
| Company | EPS | PE Ratio | RoNW % | NAV | Income (₹ Cr) |
|---|---|---|---|---|---|
| NA | – | – | – | – | – |
Objects of the Issue
The net proceeds from the fresh issue will be used for:
- Prepayment or repayment of outstanding borrowings (₹375 crores, out of ₹405.45 crores as of March 2024).
- General corporate purposes (balance amount).
Aditya Infotech IPO Review
The Aditya Infotech IPO, opening July 29, 2025, has generated significant buzz, with X posts highlighting its ₹1,300 crore issue and 20.2% market share under the CP PLUS brand. The ₹500 crore fresh issue and ₹800 crore OFS, priced at ₹640–₹675, target growth in the video surveillance market, projected to grow at a 13.3% CAGR globally from FY24–FY29. FY25 financials show ₹3,122.93 crores revenue (12% growth) and ₹351.37 crores PAT (205% growth), with a 34.53% RoNW and 0.41 debt-to-equity ratio. The P/E ratio of 20.44 (at ₹675) is attractive for a market leader with no listed peers. The GMP of ₹225–₹250 suggests a listing price of ₹900–₹925 (33–37% gains), though the 10% retail quota may limit allotments if oversubscribed. Brokerages like IPO Watch (“May Apply”) and Dilip Davda (positive outlook) cite AIL’s monopoly-like status and partnerships with Dahua and Dixon. Risks include high QIB allocation (75%) and potential price volatility due to no prior market. Mandatory STQC certification post-April 2025 strengthens AIL’s position, as one of three certified firms.
Recommendation: Suitable for long-term investors with moderate risk tolerance, given strong fundamentals, market leadership, and “Make in India” alignment. Short-term investors should monitor subscription trends and GMP due to potential allotment challenges. Consult a financial advisor before investing.
Aditya Infotech IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: adityainfotech.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- IIFL Capital Services Limited
Company Address
Aditya Infotech Ltd.
F-28, Okhla Industrial Area, Phase -1,
New Delhi, New Delhi, 110020
Phone: +91-120-4555-666
Email: investor@adityagroup.com
Website: https://www.adityagroup.com/
Aditya Infotech IPO FAQs
What is Aditya Infotech IPO?
Aditya Infotech IPO is a mainboard IPO to raise ₹1,300 crores via a fresh issue of ₹500 crores and an OFS of 1.18 crore shares. The issue is priced at ₹640 to ₹675 per share and will list on BSE and NSE.
When will Aditya Infotech IPO open for subscription?
The IPO opens on July 29, 2025, and closes on July 31, 2025.
What is Aditya Infotech IPO Investors Portion?
The investors’ portion is 75% for QIB, 15% for NII, and 10% for Retail.
How to Apply for the Aditya Infotech IPO?
Apply via ASBA online through your bank account or UPI through stock brokers like Zerodha or Upstox. Alternatively, fill an offline IPO form and submit it to your broker.
What is Aditya Infotech IPO Issue Size?
The issue size is ₹1,300 crores, comprising a fresh issue of ₹500 crores and an OFS of ₹800 crores.
What is Aditya Infotech IPO Price Band?
The price band is ₹640 to ₹675 per share.
What is Aditya Infotech IPO Lot Size?
The minimum lot size is 22 shares, with a ₹14,850 application amount at the upper price band.
What is the Aditya Infotech IPO Allotment Date?
The allotment date is August 1, 2025.
What is the Aditya Infotech IPO Listing Date?
The listing date is August 5, 2025, on BSE and NSE.
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