Aditya Infotech IPO fully subscribed on day 1: Check price band, lot size, and key details about ₹1,300 crore offer

Aditya Infotech IPO: The initial share sale of Aditya Infotech Limited, which offers video security products under the 'CP Plus' brand, has been fully subscribed on the opening day on Tuesday, July 29. The issue will conclude on July 31. The price band has been set at ₹640-₹675 per share.

The ₹1,300 crore initial public offer is a mix of a fresh issuance of shares aggregating to ₹500 crore and an offer for sale (OFS) of shares worth ₹800 crore by promoters.

The capital raised will be used to the tune of ₹375 crore for payment of debt, while the rest will be utilised for general corporate purposes.

Aditya Infotech IPO: Subscription status

The offer has received bids for 1,18,12,438 shares compared to 1,12,23,759 shares on offer, leading to 1.05 times subscription until 1:40 pm on the first day of bidding.

Before the IPO, the company raised ₹582.3 crore from anchor investors, including the Government of Singapore, HDFC Mutual Fund, the Monetary Authority of Singapore, Goldman Sachs, Nomura, SBI Mutual Fund, the Abu Dhabi Investment Authority, and the Ashoka Whiteoak India Opportunities Fund.

As per the circular on BSE, Aditya Infotech allotted 86.26 lakh shares to 54 funds at ₹675 apiece.

Aditya Infotech IPO: Key dates

Aditya Infotech IPO GMP

Aditya Infotech offers a comprehensive range of advanced video security and surveillance products, technologies, and solutions for enterprise and consumer segments under the 'CP Plus' brand.

IIFL Securities and ICICI Securities are the book-running lead managers to the issue. Aditya Infotech Ltd is expected to list on the NSE and the BSE on August 5.