Aditya Infotech IPO: Price Band, GMP & ₹1,300 Cr Issue Details

Aditya Infotech Ltd, known for its CP Plus security solutions, launches a ₹1,300 crore IPO with a price band of ₹640–675. Grey Market Premium (GMP) trending at ₹205‑210 signals over 30% listing gains ahead.

Aditya Infotech IPO – An Overview of the ₹1,300 Crore CP Plus Listing

Aditya Infotech Ltd, the parent company behind the popular CP Plus surveillance brand, has announced its mainboard IPO to raise ₹1,300 crore. The subscription window opens on July 29, 2025, and closes on July 31, 2025. The price band is set between ₹640 and ₹675 per share, with the listing aimed for August 5, 2025 on both BSE and NSE .

Company Overview – CP Plus and Market Leadership

Founded in 1994, Aditya Infotech Ltd operates under the CP Plus brand and is India’s leading video surveillance and security equipment provider. The company produces and sells surveillance cameras, video recorders, IoT systems, AI-powered analytics, and provides integrated security services across sectors like healthcare, education, retail, and defence .

Manufacturing: Kadapa facility with 17.2 million unit capacity
Distribution: Over 30,000 channel partners, 2,100+ system integrators
Market Share: ~20–21% of India’s surveillance market in FY25

IPO Structure & Key Dates

Issue Highlights

Total Size: ₹1,300 crore (₹500 crore fresh issue + ₹800 crore OFS by promoters)
Price Band: ₹640–675 per share (Re. 1 FV)
Lot Size: Minimum 22 shares (₹14,080–14,850 per lot)

Timeline and Subscription Routing

Open Date: July 29, 2025
Close Date: July 31, 2025
Allotment: August 1
Refunds & Dematerialization: By August 4
Listing Day: August 5, 2025 on BSE & NSE
Employee Discount: ₹60 per share for eligible employee bids

Grey Market Premium (GMP) Insights

The Aditya Infotech IPO GMP currently stands around ₹205–210 per share, reflecting an over 30% premium over the ₹675 upper price band. This strong premium underscores high investor confidence and expected listing enthusiasm .

Financial Performance & Valuation Metrics

Metric	FY23	FY24	FY25
Revenue (₹ Cr)	2,284.5	2,782.4	3,511.9
PAT (₹ Cr)	108.3	115.2	351.4
EPS (₹)	10.57	11.24	33.02

ROE: 34.5%, ROCE: 33.3%
Debt/Equity Ratio: ~0.4x
P/E Ratio: ~20x on FY25 earnings, indicating moderate valuation in SME category

Demand Analysis – Retail, QIB & Institutional Response

Allocation Structure: 75% QIBs, 15% NIIs, 10% Retail
Anchor Book: Substantial institutional interest noted
Retail Appetite: Supported by CP Plus brand credibility and valuation across Rs 14k–15k per lot

Risks & Key Considerations

Concentration Risk: ~77% of revenue dependent on CCTV and recorders
Geographic Dependency: Major operations centered in Kadapa, Telangana
Market Growth Dependency: Price sensitivity to surveillance spending
Valuation Sensitivity: High post-IPO Expectations due to strong GMP

Expert Commentary & Market Perspective

Positive Viewpoint: Analysts highlight listing potential and strong fundamentals
Valuation Caution: Valuation remains premium for SME peer set; long-term success hinges on margin and scale traction
Investment Sentiment: Over 30% GMP indicates rally expectation among IPO subscribers

FAQs

Q1: When does Aditya Infotech IPO open and close?
It opens on July 29, 2025, and closes on July 31, 2025.

Q2: What is the current GMP for the IPO?
Grey Market Premium stands at ₹205–210 per share, over 30% above the upper price band.

Q3: How much are retail investors required to invest at minimum?
One lot (22 shares) costs ₹14,080 at the lower price band, up to ₹14,850 at the upper band.

Q4: What is the objective of the fresh issue?
Around ₹375 crore will be used to repay debt, and the rest for general corporate purposes.

Conclusion

Aditya Infotech’s upcoming IPO is one of the most noteworthy equity issues in July 2025, given its strong brand presence, robust GMP, and listing optimism. Retail investors must weigh the high subscription costs against listing gains and long-term potential in India’s growing surveillance market.