India’s surveillance and security technology market is witnessing rapid expansion, and Aditya Infotech Limited is poised to take center stage with its upcoming initial public offering (IPO). As an industry leader in video surveillance, smart security solutions, and AI-powered safety infrastructure, the company’s IPO has generated considerable buzz in the capital markets. The Aditya Infotech IPO opens for bidding from 29th July 2025 to 31st July 2025, aiming to raise a substantial ₹1,300 crores through a mix of fresh issue and offer for sale (OFS).
With a strong GMP (Grey Market Premium), robust financials, and a market-leading product portfolio, this IPO is catching the eye of both institutional and retail investors. Let’s explore every critical facet of the Aditya Infotech IPO — from financial strength, market positioning, GMP trend, lot size, to listing expectations — to help you make an informed investment decision.
IPO Snapshot
| Parameter | Details |
|---|---|
| IPO Open Date | 29th July 2025 |
| IPO Close Date | 31st July 2025 |
| IPO Listing Date | 5th August 2025 (Tentative) |
| Issue Size | ₹1,300 crores |
| Fresh Issue | ₹500 crores |
| Offer for Sale | ₹800 crores |
| Face Value | ₹1 per share |
| Price Band | ₹640 to ₹675 per share |
| Lot Size | 22 shares |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Listing Platform | BSE and NSE |
About the Company: Aditya Infotech Limited
Founded in 1994, Aditya Infotech Limited is a top-tier Indian company delivering electronic security and surveillance solutions across 550+ cities and towns. Known for pioneering innovations in smart security technology, the firm caters to private enterprises, government bodies, smart city initiatives, and individual consumers.
The company offers a comprehensive product range that includes:
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Smart Home IoT Cameras
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Analog and IP Surveillance Systems
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AI-Powered Security Devices
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Integrated Safety Solutions
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Cloud-Based Access and Monitoring
Aditya Infotech boasts a vast distribution network through 1,000+ channel partners and operates 41 branch offices pan-India. The company’s strategic focus on advanced R&D, along with customer-centric innovation, has led it to become a dominant force in the security ecosystem.
Objectives of the IPO
The primary goals for the IPO proceeds include:
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Prepayment or Repayment of Borrowings
Reducing debt burden will allow the company to improve liquidity and invest in long-term growth. -
General Corporate Purposes
These include enhancing working capital, upgrading IT infrastructure, expanding operations, and boosting marketing efforts. -
Brand Strengthening and Expansion
The capital infusion will help scale up pan-India presence, invest in AI/IoT innovation, and penetrate international markets.
IPO Structure & Reservation
| Category | Reservation % |
|---|---|
| QIB | ≥ 75% of Net Offer |
| NII (HNI) | ≤ 15% of Net Offer |
| Retail | ≤ 10% of Net Offer |
This IPO is being issued through the bookbuilding process, and the shares will be allotted accordingly.
GMP Trend and Listing Expectations
Grey Market Premium (GMP) serves as a key indicator of investor sentiment. As of 25th July 2025, the GMP for Aditya Infotech IPO stands at ₹225 per share.
| Date | IPO Price | GMP | Estimated Listing Price | Listing Gains |
|---|---|---|---|---|
| 25-07-2025 | ₹675 | ₹225 | ₹900 | 33.33% |
| 24-07-2025 | ₹675 | ₹225 | ₹900 | 33.33% |
The current sentiment suggests strong listing gains of over 33%, making this IPO a high-potential short-term bet for market participants.
Financial Performance Overview
Aditya Infotech has demonstrated strong and consistent financial performance over the last three years.
Revenue and Profit Growth
| Year Ending | Revenue (Cr) | PAT (Cr) | EBITDA (Cr) | Net Worth (Cr) |
|---|---|---|---|---|
| March 2023 | ₹2,295.56 | ₹108.31 | ₹181.05 | ₹311.59 |
| March 2024 | ₹2,795.96 | ₹115.17 | ₹236.48 | ₹424.20 |
| March 2025 | ₹3,122.93 | ₹351.37 | ₹258.39 | ₹1,017.66 |
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Revenue CAGR (FY23-FY25): ~17%
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PAT CAGR (FY23-FY25): ~82%
The profit has seen a 205% YoY jump from FY24 to FY25, signaling operational efficiency and strong market demand.
Key Financial Ratios
| Indicator | Value (Pre-IPO) | Post-IPO Projection |
|---|---|---|
| EPS (₹) | 32.00 | 22.52 |
| PE Ratio | 21.09 | 29.98 |
| Return on Net Worth | 34.53% | Moderate |
| Return on Equity (ROE) | 34.53% | Moderate |
| ROCE | 33.27% | Slight dip expected |
| EBITDA Margin | 8.27% | Expected to expand |
| Price to Book Value | 7.06 | Higher post-listing |
These metrics indicate that the company is efficient in generating earnings and has a reasonable valuation even at the higher end of the price band.
IPO Lot Size and Investment
The minimum lot size for the IPO is 22 shares. Here’s a quick breakdown:
| Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail Min | 1 | 22 | ₹14,850 |
| Retail Max | 13 | 286 | ₹1,93,050 |
| S-HNI Min | 14 | 308 | ₹2,07,900 |
| B-HNI Min | 68 | 1,496 | ₹10,09,800 |
Retail investors can apply for up to 13 lots in a single application to remain within the ₹2 lakh limit.
Promoter Holding
| Holding Type | % Before IPO | % After IPO |
|---|---|---|
| Promoter Holding | 92.58% | 76.7% |
Post-IPO, the dilution in promoter holdings is about 15.88%, which is modest and shows continued promoter confidence.
Competitive Strengths
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Largest Indian surveillance product provider
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Integrated R&D and manufacturing units
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Pan-India distribution with 1,000+ channel partners
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Highly scalable product suite in both commercial and consumer segments
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Strong brand equity in AI and IoT-enabled security
Risks & Challenges
Despite promising fundamentals, potential investors should be aware of the following:
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Highly Competitive Industry
Aditya faces competition from both domestic and international players. -
Regulatory Hurdles
Any change in government policies or compliance requirements can impact operations. -
Dependence on Government Projects
Delays or cuts in public sector contracts may affect revenues. -
Liquidity Constraints
Being a capital-intensive industry, liquidity issues may arise if working capital is mismanaged.
IPO Subscription Status (To Be Updated)
As the IPO opens on 29th July 2025, real-time updates on subscription across categories (QIB, HNI, Retail) will be crucial. Early oversubscription in the QIB or HNI segment often boosts retail investor confidence.
How to Apply for Aditya Infotech IPO?
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Research the IPO details, GMP, and lot sizes
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Login to your broker platform or demat account
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Search for ‘Aditya Infotech IPO’ under the IPO section
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Select the number of lots and approve the payment mandate
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Track your application through the UPI app or broker site
Note: Apply from multiple demat accounts to increase the allotment probability.
How to Check IPO Allotment Status?
Through NSE:
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Visit www.nseindia.com
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Navigate to “IPO Allotment” section
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Enter PAN or Application No.
Through Registrar (MUFG Intime India):
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Visit www.linkintime.co.in
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Click on “IPO Allotment Status”
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Enter the required details to check status
Conclusion
The Aditya Infotech IPO offers a compelling blend of growth, innovation, and strong financials. Backed by a robust order book, leadership in surveillance technology, and a favorable GMP trend, the IPO presents an attractive investment opportunity for long-term wealth creation as well as short-term listing gains.
While the business fundamentals remain solid, prospective investors must also factor in market volatility and regulatory risks before placing bids. Nonetheless, the IPO’s pricing, momentum, and sectoral tailwinds make it one of the most anticipated issues of 2025.
Invest wisely after evaluating your financial goals and risk appetite. The tentative listing date is 5th August 2025, and all eyes are on whether Aditya Infotech will live up to the hype.
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