Aditya Infotech Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹640 - ₹675
- Lot size
- 22 shares
- Issue amount
- ₹1,300 cr
- Total subscription
- 106.2×
- Opens
- 29 Jul 2025
- Closes
- 31 Jul 2025
- Allotment
- 1 Aug 2025
- Listing
- 5 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 1,92,59,258 shares
- Face value
- ₹1 Per Share
- Minimum investment
- ₹14,080
- Fresh issue
- ₹500 cr
- Offer for sale
- ₹800 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,850
- Issue type
- Bookbuilding IPO
- Shares before issue
- 10,98,05,805
- Shares after issue
- 11,72,13,212
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 22 | ₹14,850 |
| sHNI | 14 | 308 | ₹2,07,900 |
| bHNI | 68 | 1,496 | ₹10,09,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 87,138 | 36,83,661 |
| HNIs(10L +) | 6,224 | 98,130 |
| HNIs (2-10L) | 3,112 | 2,08,955 |
| EMPLOYEES | 0 | 25,877 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 388.2 | 54,541.13 |
| RETAIL | 129.4 | 6,942.06 |
| HNIs 2+ | 64.7 | 4,534.08 |
| HNIs 10+ | 129.4 | 10,204.57 |
| EMPLOYEES | 6.59 | 59.38 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 33.02 | 11.24 | 10.57 |
| ROE | 34.53 | 27.15 | 34.76 |
| ROCE | 33.27 | 23.57 | 23.07 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
The company offers a wide range of products, including smart home IoT cameras, HD analog systems, network cameras, body-worn and thermal cameras, as well as long-range IR cameras. It also provides AI-powered solutions such as automatic number plate recognition (ANPR), people counting, and heat mapping. For residential customers, the company offers Wi-Fi cameras, 4G-enabled cameras, and dash cams. Its market presence spans over 500 cities and towns across India, supported by a network of more than 800 distributors and over 2,200 system integrators in Tier I to Tier III cities. The company operates 40 branch offices and RMA centers nationwide, ensuring widespread customer support. In terms of supply chain and manufacturing, the company maintains 10 warehouses located in Delhi-NCR, Bhiwandi, Ahmedabad, Indore, Kolkata, Guwahati, Chennai, and Bengaluru. It also has a dedicated manufacturing facility in Kadapa, Andhra Pradesh. As of March 31, 2024, the workforce comprised 970 employees. The company’s growth is driven by rising demand for AI-based surveillance in smart cities, retail, and traffic management, along with its expanding presence in Tier II and III cities through its distributor and integrator network. Additionally, government programs like the Safe City and Smart Cities Mission, as well as increased consumer adoption of IoT products such as smart home devices, dash cams, and 4G-enabled cameras, are fueling further expansion. Regarding IPO fund utilization, the primary allocation is towards debt reduction, amounting to ₹375 crore. This move is expected to lower interest costs, thereby improving profitability, strengthening the company’s balance sheet and credit profile, and enhancing its financial flexibility for future growth. The remaining proceeds will be used for general corporate purposes.
Strengths
- Leading Player in India’s Surveillance Market: The company is the top player in the Indian video security industry, holding a 20.2% market share in FY24 , and is well-recognized across both consumer and commercial segments.
- Extensive Product Range with Complete Security Solutions: Offers 2,900+ SKUs under the CP PLUS and Dahua brands — including CCTV, AI-powered analytics, access control, software, and accessories — meeting the needs of various industries and customers.
- Strong Tech Collaborations and Manufacturing Growth: Works with leading technology partners to create tailored security solutions and has strengthened its production capacity through a joint venture with Dixon Technologies, whose stake it fully acquired in September 2024.
Risk factors
- Heavy Reliance on Key Surveillance Products: In FY 2024, over 78% of revenue came from CCTV cameras, NVRs, DVRs, and PTZ cameras. Any drop in demand due to new technologies, rising competition, or policy changes could seriously affect sales and profit margins.
- Risk from Limited Supplier Network: The company depends on a small group of local and global suppliers for critical components like chips, lenses, PCBs, and sensors. Supply chain disruptions at any level can impact production and financial performance.
- Operational Risk from Single Manufacturing Site: All production is done at one facility in Kadapa, Andhra Pradesh . Any local issues — such as political unrest, natural disasters, or regulatory shifts — could bring operations to a halt, affecting cash flow and profitability.
Promoters
Hari Shanker Khemka
Aditya Khemka
Ananmay Khemka
Hari Khemka
Registrar & documents
Lead manager
ICICI Securities Limited, IIFL Capital Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
F-28, Okhla Industrial Area, Phase -1, New Delhi, New Delhi, 110020
+91 120 4555 666
[email protected]Company website ↗Understanding CPPLUS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.