Aditya Infotech's Rs 1,300 Crore IPO: Price Band Set at Rs 640-675 Per Share

Aditya Infotech, the company behind the popular 'CP Plus' brand of video security and surveillance products, is set to launch its Initial Public Offering (IPO) with a price band of Rs 640-675 per share. The Rs 1,300 crore IPO is scheduled to open for subscription on July 29 and will conclude on July 31.

IPO Structure and Allocation

The IPO comprises two components:

• A fresh issue of shares worth Rs 500 crore
• An Offer For Sale (OFS) of Rs 800 crore by the company's promoters

The offer has been structured with the following allocation:

• 75% reserved for Qualified Institutional Buyers (QIBs)
• 15% for Non-Institutional Investors (NIIs)
• 10% for Retail Individual Investors (RIIs)

Use of Proceeds

Aditya Infotech plans to utilize the funds raised from the fresh issue as follows:

• Rs 375 crore for debt repayment
• The remaining amount for general corporate purposes

It's worth noting that the company's total borrowings stood at approximately Rs 405 crore.

Company Profile

Aditya Infotech has established itself as a comprehensive provider of video security and surveillance products for both enterprise and consumer segments. The company's offerings include:

• Video security and surveillance products under the 'CP Plus' brand
• Integrated security systems
• Security-as-a-service solutions

The company leverages its extensive distribution network to reach its customers effectively.

IPO Details

• Book Running Lead Managers: ICICI Securities and IIFL Securities
• Subscription Period: July 29 - July 31
• Expected Listing Date: August 5

Investors interested in participating in this IPO should conduct their due diligence and consider consulting with financial advisors before making investment decisions.

This IPO represents a significant opportunity for Aditya Infotech to raise capital and potentially expand its operations in the growing video security and surveillance market.