The Indian IPO market has had an excellent year in the year 2025, and among the highly discussed issues is the Aditya Infotech IPO. Aditya Infotech Limited has a solid business foundation and potential for growth in the primary market, as it is recognized for its brand CP Plus in the security and surveillance sector. In this blog, we will address all the issues of the Aditya Infotech IPO, including issue size, price band, allotment, performance of the listing, financials, subscription, strengths, risks, and whether it is a worthwhile long-term investment or not.
Aditya Infotech Limited (AIL) Company Profile
Aditya Infotech Limited (AIL) is among the biggest video surveillance and security solutions providers in the Indian market. It operates under the globally recognized brand CP Plus, offering a diverse range of IoT cameras for the smart home, as well as advanced AI-based solutions for various industries. The company has a pan-India presence with the warehouses, distributors, and service centers dispersed in various states. It also operates a manufacturing plant at Kadapa, Andhra Pradesh, and is thus a Make in India player in the rising tech security industry.
Key Business Segments:
- Wi-Fi cameras and IoT cameras of the smart home.
- Thermal and body-worn cameras.
- HD analog and hi-tech network cameras.
- Dashcams and 4G cameras.
- Artificial intelligence (AI) surveillance (number plate recognition, people counting, heat mapping).
Aditya Infotech IPO Details
| IPO Date | July 29 – July 31, 2025 |
| Listing Date | August 5, 2025 |
| Issue Type | Book-Built |
| Face Value | ₹1 per share |
| Price Band | ₹640 – ₹675 |
| Final Issue Price | ₹675 |
| Lot Size | 22 Shares |
| Fresh Issue | ₹500.36 Cr |
| Offer for Sale (OFS) | ₹799.64 Cr |
| Total Issue Size | ₹1,300 Cr (1.92 Cr shares) |
| Listing Exchanges | BSE, NSE |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Lead Manager | ICICI Securities Ltd. |
Aditya Infotech IPO LoT Size and Investment
Investors could apply for a minimum of 1 lot (22 shares) and a maximum, depending on the category. Employees were offered shares at a discount of ₹60 on the issue price.
| Investor Type | Minimum Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,850 |
| Retail (Max) | 13 | 286 | ₹193,050 |
| sNII (Min) | 14 | 308 | ₹207,900 |
| sNII (Max) | 67 | 1,474 | ₹994,950 |
| bNII (Min) | 68 | 1,496 | ₹10,09,800 |
Aditya Infotech IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | July 29, 2025 |
| IPO Close Date | July 31, 2025 |
| Basis of Allotment | August 1, 2025 |
| Refunds Initiation | August 4, 2025 |
| Credit of Shares to Demat | August 4, 2025 |
| Listing Date | August 5, 2025 |
Aditya Infotech IPO Reservation
The allocation of shares was done across different investor categories:
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB (Institutional) | 1.43 Cr | 74.62% |
| NII (HNI) | 28.75 Lakh | 14.92% |
| Retail Investors | 19.17 Lakh | 9.95% |
| Employees | 97,560 | 0.51% |
| Total | 1.92 Cr | 100% |
Aditya Infotech Anchor Investors
On July 28, 2025, Aditya Infotech raised ₹582.30 crore from anchor investors by allocating 86.26 lakh shares.
| Anchor Portion Size | ₹582.30 Cr |
| Shares Offered | 86.26 Lakh |
| Lock-in End Date (50%) | Aug 30, 2025 |
| Lock-in End Date (100%) | Oct 29, 2025 |
Aditya Infotech Promoter Holding
The promoters include Hari Shanker Khemka, Aditya Khemka, Ananmay Khemka, and Hari Khemka Business Family Trust.
| Stage | Holding |
|---|---|
| Pre-Issue | 92.58% |
| Post-Issue | 76.70% |
Aditya Infotech Company Financial Performance
Aditya Infotech has shown strong financial growth in recent years.
| Particulars (₹ Cr) | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Assets | 1,708.76 | 1,644.18 | 3,174.54 |
| Total Income | 2,295.56 | 2,795.96 | 3,122.93 |
| EBITDA | 181.05 | 236.48 | 258.39 |
| Profit After Tax | 108.31 | 115.17 | 351.37 |
| Net Worth | 311.59 | 424.20 | 1,017.66 |
| Borrowings | 409.60 | 405.45 | 412.84 |
Highlights:
- Revenue up 12% YoY in FY 2025
- PAT up 205% YoY which showing a big jump in profitability
- Strong net worth growth from ₹311 Cr in FY 2023 to over ₹1,000 Cr in FY 2025
Key Performance Indicators (KPIs)
| ROE | 34.53% |
| ROCE | 33.27% |
| Debt/Equity | 0.41 |
| PAT Margin | 11.25% |
| EBITDA Margin | 8.27% |
| Price/Book | 7.06 |
| Pre-IPO EPS | ₹32.00 |
| Post-IPO EPS | ₹29.98 |
| P/E (Post IPO) | 22.52x |
Aditya Infotech IPO Subscription Status
The IPO was hugely oversubscribed, showing strong investor demand.
| Category | Subscription (X) | Shares Offered | Shares Bid |
|---|---|---|---|
| QIB | 140.50x | 57.51 Lakh | 80.80 Cr |
| NII | 75.93x | 28.75 Lakh | 21.83 Cr |
| Retail | 53.81x | 19.17 Lakh | 10.31 Cr |
| Employee | 9.01x | 97,561 | 8.79 Lakh |
| Total | 106.23x | 1.06 Cr | 113.04 Cr |
Total applications: 40.16 lakh
Aditya Infotech Listing Performance
On August 5, 2025, the IPO listed with a strong premium.
| Detail | NSE | BSE |
|---|---|---|
| Issue Price | ₹675 | ₹675 |
| Opening Price | ₹1,018 | ₹1,015 |
| Day Low | ₹1,014.65 | ₹1,015 |
| Day High | ₹1,104.20 | ₹1,104 |
| Closing Price | ₹1,084.10 | ₹1,082.65 |
This means investors got a 60% listing gain.
Aditya Infotech Market Performance (as of Sep 29, 2025)
| Price | ₹1,276.10 |
|---|---|
| 52-Week High | ₹1,476 (Sep 17, 2025) |
| 52-Week Low | ₹1,015 (Aug 5, 2025) |
| Market Cap | ₹7,911 Cr |
The stock has continued to perform well post-listing.
Competitive Strengths
India-based security and surveillance market leader.
- Brand recall of CP Plus.
- High density of distribution (1,000 plus distributors and 2,100 system integrators).
- Tremendous product portfolio, both consumer and commercial.
- State-of-the-art research and development, and a manufacturing plant in Andhra Pradesh.
- Good financial performance and an increase in profit margins.
Objects of the Issue
The company plans to use the IPO proceeds for:
| Purpose | Amount (₹ Cr) |
|---|---|
| Repayment of Borrowings | 375 |
| General Corporate Purpose | 94.71 |
This will help reduce debt and support expansion.
Risks and Concerns
- Aggressive Valuation: The P/E ratio is a little higher than peers.
- Reliance on Distributors: So much dependence on channel partners.
- Competitive Market: Hikvision and Dahua are international players who are dangerous.
- Technology Risk – The Surveillance market is a fast-changing enterprise that needs innovative approaches at all times.
Should You Invest?
All types of investors have been greatly attracted to Aditya Infotech IPO, which is supported by:
- Outstanding financial performance (205 percent increase in PAT).
- Well-established brand in a developing market.
- Good listing benefits and post-IPO stable performance.
- Although the valuation is high, the security and surveillance market in India has the potential to expand over the long term, making it a decent medium- to long-term investment.
Conclusion
Short-term investors have already seen impressive returns, with gains of over 60% on the listing day. Long-term investors also have reasons to stay optimistic, supported by the growing demand for surveillance solutions, the government’s strong focus on security infrastructure, and the company’s expanding network. Overall, the Aditya Infotech IPO has lived up to expectations. With strong fundamentals, a successful listing, and high subscription levels, it holds strong potential to remain a key player in India’s security and technology industry for years to come.
FAQs
Ans. No, Aditya Infotech Limited is not listed on NSE or on BSE.
Ans. It is privately listed and therefore cannot be bought by retail investors.
Ans. It belongs to Aditya Group, which has its focus on security and surveillance solutions.
Ans. Not, as it is unlisted, which does not pay dividends to the mass shareholders.
Ans. Security-tech listed companies or IT companies listed in India can be researched by investors.
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