Aditya Infotech Limited is launching its Initial Public Offering (IPO) to raise funds for business expansion and reduce debts. The issue comprises a fresh issue of 0.74 crore equity shares totaling Rs. 500 crore and an offer for sale of 1.19 crore shares worth Rs. 800 crore.
The total offer size aggregates up to Rs. 1,300 crore. The IPO opens for subscription on July 29, 2025, and closes on July 31, 2025. The shares will be listed on NSE and BSE on Tuesday, August 5, 2025. Here’s everything you need to know.
GMP of Aditya Infotech Limited IPO
As of July 28th, 2025, the shares of Aditya Infotech Limited in the grey market were trading at a 32.59 percent premium. The shares in the Grey Market traded at Rs. 895. This gives it a premium of Rs. 220 per share over the cap price of Rs. 675.
Overview of Aditya Infotech Limited
Aditya Infotech Limited (AIL) is a well-known Indian company that provides video security and surveillance solutions under the brand name ‘CP Plus’. It offers a wide range of products such as smart home cameras, HD analog systems, network cameras, thermal cameras, and AI-based systems like number plate recognition and people counting. AIL also sells home-use products like Wi-Fi cameras, dash cams, and 4G-enabled cameras.
The company has a strong presence across India, offering over 2,986 stock-keeping units (SKUs) that are sold in more than 550 cities and towns. Its operations are backed by 41 branch offices and 13 return merchandise authorization (RMA) service centers. AIL works with over 1,000 distributors and 2,100 system integrators to reach customers in tier I, II, and III cities.
The company operates 10 strategically located warehouses across India in cities like Delhi, Gurugram, Noida, Bhiwandi, Ahmedabad, Indore, Kolkata, Guwahati, Chennai, and Bengaluru. These warehouses support fast distribution nationwide.
Additionally, Aditya Infotech Limited runs its manufacturing facility in Kadapa, Andhra Pradesh, helping the company meet growing demand and maintain control over product quality and supply.
Promoters of Aditya Infotech Limited
The promoters are Hari Shanker Khemka, Aditya Khemka, Ananmay Khemka, and Rishi Khemka. They hold leadership positions and bring decades of industry and entrepreneurial experience. Hari Khemka Business Family Trust also forms part of the promoter group.
Aditya Infotech Limited Selling Shareholders
The IPO of Aditya Infotech Limited includes a significant Offer for Sale component by both promoters and promoter group members. Promoter Aditya Khemka is offering shares worth Rs. 524 crore, followed by Rishi Khemka with Rs. 200 crore and Ananmay Khemka at Rs. 12.32 crore.
Among the promoter group, Hari Shankar Khemka (HUF) is offloading shares worth Rs. 42.64 crore, while Shradha Khemka and Aditya Khemka (HUF) are selling shares valued at Rs. 19.89 crore and Rs. 1.15 crore, respectively.
Lead Managers of Aditya Infotech Limited IPO
ICICI Securities Limited and IIFL Capital Services Limited are the book-running lead managers for the IPO. MUFG Intime India Private Limited is the registrar handling the offer process.
Objectives of the IPO Offer
Aditya Infotech Limited plans to utilize the IPO proceeds for two primary purposes. The company will allocate Rs. 375 crore towards prepayment or repayment of certain outstanding borrowings to reduce its debt burden and improve financial flexibility.
The remaining funds will be directed towards general corporate purposes. This allocation is intended to support the company’s operational requirements, enhance working capital, and contribute to its overall business growth strategy.
Financial Analysis of Aditya Infotech Limited
Aditya Infotech Limited’s total revenue has increased from Rs. 2,795.96 crore in FY24 to Rs. 3,122.93 crore in FY25, which represents a growth of 11.69 percent. The net profit has increased by 205.09 percent, from Rs. 115.17 crore in FY24 to Rs. 351.37 crore in FY25.
Aditya Infotech Limited’s total revenue and net profit have grown at a CAGR of 16.64 percent and 80.11 percent over the last two years. The company’s EBITDA has grown by 42.72 percent from Rs. 181.05 crore in FY24 to Rs. 258.39 crore in FY25.
Aditya Infotech vs Peers
There are no listed companies in India that are directly comparable to Aditya Infotech Limited in terms of its complete business model and range of services.
Strengths of Aditya Infotech Limited
- Strong brand, CP PLUS, well recognized across India’s security market.
- Extensive distribution, reaching more than 30,000 partners nationwide.
- Leadership in indigenous manufacturing with a large facility in Andhra Pradesh.
- Focus on continuous technological innovation, integrating AI and IoT.
- Significant market presence, securing over a million locations in India.
Weaknesses of Aditya Infotech Limited
- Large financial exposure due to subsidiary losses impacts overall performance.
- High reliance on major supplier Dahua Technology increases risk.
- Exposed to intense competition from global electronic security brands.
- Technological shifts require relentless innovation to avoid obsolescence.
- High working capital needed for operations can strain liquidity.
Conclusion
Aditya Infotech Limited presents investors with an opportunity to buy into India’s leading homegrown video security company. Strong market presence, innovative capabilities, and rapid growth support its long-term story. Investors should evaluate the company’s financials, risks, and sector dynamics before subscribing to the IPO.
Written By – Nikhil Naik
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