Aditya Infotech IPO set to list today. GMP at 45% signals robust debut

Synopsis

Aditya Infotech, India's largest video surveillance products company, is set to debut on the stock exchanges with a strong grey market premium of Rs 300, signaling positive investor sentiment. The IPO, which was oversubscribed by 106.23 times, saw significant interest from institutional and HNI investors. The company plans to use the IPO proceeds for debt repayment and general corporate purposes.

After a blockbuster subscription, Aditya Infotech is poised to debut on the bourses on Tuesday with a grey market premium (GMP) of Rs 300, or 45% over the issue price of Rs 675. The strong grey market interest signals high expectations from investors as the company readies for listing on NSE and BSE.

The Rs 1,300 crore IPO — comprising a fresh issue of Rs 500 crore and an offer for sale of Rs 800 crore — saw overwhelming subscription of 106.23 times, led by institutional and HNI segments. Qualified institutional buyers (QIBs) subscribed 140.5 times, non-institutional investors 75.93 times, and retail investors 53.81 times. The anchor book had already secured Rs 582.3 crore from marquee investors ahead of the issue.

Aditya Infotech is India’s largest video surveillance products company, operating under the CP Plus brand, with a wide footprint across more than 550 cities and towns and a deep channel network of over 1,000 distributors and 2,100 integrators. Its product portfolio spans smart home IoT cameras, AI-powered security systems, and industrial surveillance gear.

For FY25, the company reported a net profit of Rs 351 crore on revenue of Rs 3,123 crore, registering 205% profit growth year-on-year.

The IPO proceeds will be used for debt repayment (Rs 375 crore) and general corporate purposes.

Market watchers say the stock may see a euphoric listing if sentiment holds, though valuations and sector concentration could moderate gains in the longer term. All eyes will now be on how CP Plus captures investor confidence when trading begins tomorrow.

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