Team Startupcity

• Aditya Infotech raised Rs 582.3 crore from 54 anchor investors, including global names like Goldman Sachs, Nomura, and Abu Dhabi Investment Authority.
• The Rs 1,300 crore IPO opens on July 29 with a price band of Rs 640 Rs 675 per share; listing is expected on August 5.
• Proceeds of Rs 375 crore from the fresh issue will be used to repay debt; remaining funds allocated for general corporate purposes.

Aditya Infotech, a leading provider of video security and surveillance products under the ‘CP Plus’ brand, has raised over Rs 582 crore from anchor investors, a day before its Initial Public Offering (IPO) opens for public subscription.

According to a circular released by the BSE, the company allotted 86.26 lakh equity shares at Rs 675 per share to 54 anchor investors. The anchor book saw strong participation from both domestic and global 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.

Aditya Infotech’s Rs 1,300 crore IPO will open for subscription on July 29 and close on July 31. The price band for the offer has been fixed at Rs 640-Rs 675 per share. The issue consists of a fresh equity issuance worth Rs 500 crore and an offer for sale (OFS) of Rs 800 crore by the company’s promoters.

The company plans to utilize Rs 375 crore from the fresh issue proceeds to repay outstanding debt, with the remainder earmarked for general corporate purposes. As of March 2024, the company’s total borrowings stood at approximately Rs 405 crore.

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Aditya Infotech is known for offering a wide range of video surveillance and security solutions under its CP Plus brand, catering to both enterprise and consumer segments. The company also provides integrated security systems and security-as-a-service through direct sales and a strong distribution network.

The IPO allocation includes 75% reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors.

ICICI Securities and IIFL Securities are the book running lead managers for the issue. The equity shares of Aditya Infotech are expected to be listed on the stock exchanges on August 5.