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The initial public offering of Aditya Infotech Ltd (AIL), recognised for its video surveillance brand CP Plus, saw a strong response from all category investors, led by qualified institutional buyers. The IPO was subscribed over 100 times, precisely 100.69 times, as it received bids for 113 crore shares against 1.12 lakh shares on offer, as per exchange data.
The portion for Retail Individual Investors (RIIs) was subscribed 50.87 times, while the quota for non-institutional investors received bids 72 times. QIBs turned the most aggressive on the last day of issue closing, subscribing 133.21 times over their allotted quota, while the employee portion received bids for 8.5 times.
The company has set a price band of ₹640 to ₹675 a share for its ₹1,300-crore IPO. The IPO includes a fresh issue of ₹500 crore and an offer-for-sale worth ₹800 crore by the promoters and promoter group.
Anchor investors
As part of the IPO, the company has mopped up over ₹582 crore from anchor investors. This anchor portion witnessed participation from domestic and foreign institutional investors, including the Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority.
From the fresh issue, the company will retire debt to the tune of ₹375 crore, while the remaining amount will go towards general corporate purposes. As of March 2025, the company’s total borrowings stood at around ₹412.84 crore, according to its RHP. For FY25, the company posted a net profit of ₹351.37 crore, up from ₹115.17 crore posted in FY24. Revenue rose to ₹3,111.87 crore (₹2,782.42 crore).
Laxmi India Finance IPO subscribed 1.87x; retail bids stronger
Meanwhile, Laxmi India Finance, which also closed its subscription today, managed to sail through by receiving bids for 1.87 times. The IPO came out with a price band of ₹150-158
The QIB, retail investor, and HNI portions were subscribed 1.30 times, 2.2 times, and 1.84 times, respectively. The ₹254.26-crore IPO comprises a fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by the promoters. As part of the IPO, Laxmi India Finance raised over ₹75 crore from anchor investors on Monday.
Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes.
Published on July 31, 2025
