As investors eye India’s booming security tech market, Aditya Infotech’s IPO—backed by strong brand equity and marquee anchor investors—has sparked intense interest across retail and institutional segments. The ₹1,300-crore issue opened on July 29, 2025, and has already captured significant attention due to its CP Plus brand dominance and strong grey market momentum.
IPO Fundamentals at a Glance
Aditya Infotech Ltd, India’s leading player in video surveillance under the CP Plus brand, launched its Initial Public Offering (IPO) on July 29, 2025, and will close on July 31, 2025. The IPO includes:
| Particulars | Details |
|---|---|
| IPO Size | ₹1,300 crore |
| Fresh Issue | ₹500 crore |
| Offer for Sale (OFS) | ₹800 crore (by promoters) |
| Price Band | ₹640–₹675 per share |
| Face Value | ₹10 per share |
| Lot Size | 22 shares |
| Retail Investment (Min) | ₹14,850 |
| Listing Date | August 5, 2025 (tentative) |
| Exchanges | NSE, BSE |
| Valuation (FY25 P/E) | ~36.2x at upper band |
The IPO aims to raise capital for debt reduction (₹375 crore) and general corporate purposes, with anchor support and regulatory tailwinds playing key roles in investor sentiment.
Anchor Book Details
Aditya Infotech secured ₹582.3 crore from 54 anchor investors on July 28, 2025, signaling strong pre-IPO institutional backing.:
- Government of Singapore
- Monetary Authority of Singapore
- Goldman Sachs
- SBI Mutual Fund
- HDFC Mutual Fund
- Nomura
- Abu Dhabi Investment Authority
These marquee names provide institutional validation and long-term confidence for investors evaluating the public issue.
Subscription Status & Grey Market Buzz
IPO Subscription Day 1 (as of 1:32 PM IST, July 29)
| Category | Subscription (%) |
|---|---|
| Retail | 3.5x |
| NII | 1.0x |
| QIB | 1.0% |
| Total | 1.14x |
Retail interest has driven the initial momentum, with the entire retail quota getting oversubscribed within hours of opening.
Aditya Infotech IPO GMP Trends (Grey Market Premium)
| Date | GMP (₹) | Listing Gain (%) |
|---|---|---|
| July 28, 2025 | 220 | ~32.6% |
| July 29, 2025 | 250 | ~37% |
Grey market watchers like Investorgain and IPO Watch report a steady uptick in demand, suggesting strong debut expectations.
Strengths: Brand, Tech & Market Edge
Aditya Infotech is the powerhouse behind the CP Plus brand—India’s leading name in AI-powered CCTV, surveillance hardware, and integrated security solutions. Key competitive advantages include:
- 🧠 Advanced AI/ML integration with Edge-based analytics
- 🇮🇳 Strong alignment with ‘Make in India’, including IP SoC development with L&T Semiconductor
- 🏭 The company’s Kadapa facility in Andhra Pradesh supports scalable production, enhancing long-term operational growth.
- 🛡️ Fully integrated security-as-a-service (SaaS) delivery
These levers position the company to capture market share in India’s fast-growing security tech sector.
Pro Tip
Watch the post-listing momentum—while GMP is strong, valuations are rich at ~36x P/E. Investors should temper excitement with fundamental diligence.
Should You Apply? Analyst View
Aditya Birla Money: ★★★★☆
“Strong brand, manufacturing muscle, and favorable regulatory tailwinds post-STQC norms make this a solid bet. We recommend a ‘Subscribe’.”
Anand Rathi: ★★★★☆
“IPO is fully priced at a FY25 P/E of 22.5x, but market leadership and profitability trends make this attractive for long-term investors.”
Bajaj Broking: ★★★☆☆
“Backed by anchor support and retail enthusiasm, but valuation concerns remain. Suited for investors with a 2–3 year investment horizon, especially those seeking growth in the tech-manufacturing space.”
Risks and Red Flags to Watch
Despite robust fundamentals, investors must remain cautious about the following:
- High Valuation: P/E of ~36.2x is above sector average
- Supply Chain Risk: Heavy reliance on international suppliers for core components
- Geographical Concentration: Single manufacturing unit in Andhra Pradesh
- Promoter Control: Post-issue, promoters still hold 77%—potential governance oversight concerns
Promoter Dilution Snapshot
| Detail | Value |
|---|---|
| Pre-IPO Promoter Holding | 95% |
| Post-IPO Promoter Holding | 77% |
| Stake Diluted | 18% |
While the dilution is significant, promoter holding still remains high, allowing continued control post-listing.
What’s Next: Key Dates & Listing Buzz
| Event | Tentative Date |
|---|---|
| Allotment Finalization | August 1, 2025 |
| Refund Initiation | August 4, 2025 |
| Demat Credit | August 4, 2025 |
| Listing on NSE/BSE | August 5, 2025 |
Expect price action around August 1–5, especially if broader markets remain favorable.
Final Word
The Aditya Infotech IPO presents a compelling mix of solid fundamentals, strong retail interest, and brand visibility—though it comes with a premium valuation that warrants careful consideration. For investors seeking exposure to India’s growing security infrastructure sector, this IPO could be a strategic bet.


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