The RS 1,300 Crore IPO – consisting of a new number of RS 500 Crore and an offer for sale of RS 800 Crore – saw an overwhelming subscription of 106.23 times, led by institutional and HNI segments. Qualified institutional buyers (QIBS) subscribed 140.5 times, non-institutional investors 75.93 times and retail investors 53.81 times. The anchor book had already secured RS 582.3 Crore from selection framework investors prior to the issue.
Aditya Infotech is the largest business company of the video assurance products from India, active under the CP Plus brand, with a wide footprint in more than 550 towns and villages and a deep channel network of more than 1,000 distributors and 2,100 integrators. The product portfolio includes Smart Home IoT cameras, AI-driven security systems and industrial surveillance equipment.
For FY25, the company reported a net profit of RS 351 Crore on the turnover of RS 3,123 Crore, with a profit growth of 205% on an annual basis.
The IPO proceeds are used for reimbursement of the debt (RS 375 Crore) and general business purposes.
Market guards say that the shares can see a euphoric list if sentiment applies, although valuations and sector concentration can moderate profit in the longer term. All eyes will now be about how CP Plus records the trust of investors when the trade starts tomorrow. (Indemnification: Recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)
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