Introduction to Aditya Infotech & CP PLUS
The Aditya Infotech IPO is one of India’s most anticipated mainboard IPOs for 2025, attracting significant investor interest due to the company’s leadership in video security and surveillance through its renowned brand CP Plus. This article covers all critical aspects, including issue dates, price bands, objects of the issue, review, subscription data, and expert recommendations for investors.
IPO Highlights
- IPO Open Dates: July 29, 2025 to July 31, 2025
- Close: 31 Jul 2025 (UPI mandate by 5 PM)
- Price Band: ₹640 – ₹675 per share
- Total Issue Size: ₹1,300 crore
- Type: Book-building (Fresh Issue: ₹500 crore + Offer for Sale: ₹800 crore)
- Listing: BSE, NSE
- Lot Size: 22 shares (Minimum investment: ₹14,850)
- Face Value: ₹1 per share
- Allotment Date: August 1, 2025
- Listing Date: Tentatively August 5, 2025
About Aditya Infotech Limited
Aditya Infotech Limited is a market leader in India’s security and surveillance industry, best known for the CP Plus brand. The company manufactures and distributes a vast array of video surveillance products including network/analog cameras, DVRs, NVRs, mobile and body-worn cameras, thermal sensors, and advanced AI-powered solutions. Their products are widely deployed in sectors like banking, government, healthcare, and retail.
- Presence: 500+ cities and towns in India
- Manufacturing: Large-scale Kadapa facility (~15–17 million units/year supporting Make‑in‑India)
- Distribution Network: ~30,000 channel partners, 2,100+ integrators, presence in 500+ towns, 41 branches
- Business Segments: CP Plus products (manufacturing & trading); Other brand distribution (notably Dahua)
Aditya Infotech IPO: Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue (₹ Cr) | 3,122.93 | 2,795.96 | 2,295.56 |
| PAT (₹ Cr) | 351.37 | 115.17 | 108.31 |
| Net Worth (₹ Cr) | [Data Unavailable] | 424.2 | 311.59 |
| ROE | 27.1% | – | – |
| Debt/Equity | [Est. 0.2 post-ipo] | 0.96 | – |
Financials:
- Revenue: ₹2,796 Cr (FY24) → ₹3,123 Cr (FY25)
- Profit After Tax: ₹115 Cr → ₹351 Cr in two years
Key Ratios: PAT margin (2024) 4.12%; Debt to Equity pre-issue 0.96, reducing post-issue due to debt repayment
IPO Objectives
The IPO proceeds will primarily be used for:
- Repayment/Prepayment of Borrowings of debt (≈ ₹375 Cr of ₹405 Cr outstanding)
- Funding Working Capital Requirements
- General Corporate Purposes
Promoter Holding & Equity Dilution
- Promoters’ Holding (Pre-IPO): 92.58%
- Post-IPO Holding: 76.7% (approximate; may slightly vary)
Grey Market Sentiment & Subscription
- GMP ranges: ₹205–₹260(as of July 29, 2025), implying potential listing gains of 30–38% above ₹675 band
- On Day 1, IPO was 150% subscribed overall; retail portion oversubscribed ~5× The Economic Times
- Mixed brokerage views: strong demand vs valuation caution
Strengths & Risks
✅ Strengths:
- Leading ~20.2% share in India’s security surveillance market (FY24)
- Strong distribution, robust manufacturing, R&D & Make‑in‑India alignment
- Diverse product range integrating AI, analytics, enterprise and consumer segments
⚠️ Risks:
- High dependence on single supplier (Dahua) for critical components
- Competitive tech landscape, margins and quality compliance demands
- Working‑capital demands and execution risks from scaling production rapidly
Expert Reviews & Recommendations
- Most brokerages recommend “Subscribe” or “Apply with Caution”, highlighting strengths like strong brand, extensive network, and robust growth.
- Risks include higher than peer group valuation (FY24 P/E ~36x), moderate return ratios, and industry competition.
- Long-term outlook is positive, driven by the rising demand for security solutions and government support for domestic manufacturing.
How to Apply
- Via Brokers: Use UPI for IPO application through Console(Bid/IPO section).
- Via Bank ASBA: Apply directly through net banking-enabled ASBA services.
- Minimum investment: 1 lot = 22 shares = ₹14,850.
Disclaimer
This article on eduworldnews is for informational and educational purposes only and does not constitute investment advice or a solicitation to buy, sell, or hold securities. IPO investments are subject to market risks; please read the Red Herring Prospectus and consult a financial advisor before making any investment decisions. GMP figures are unofficial and should not be the basis for investment decisions.