Aditya Infotech (CP Plus) IPO: India’s Smart Security Giant Prepares for Listing
Aditya Infotech Ltd, better known as CP Plus, is bringing its IPO to strengthen its balance sheet and reduce debt. With a strong presence across 550+ Indian cities and a vast distributor network, the company is set to make a mark in the growing video security and IoT space.
Aditya Infotech Ltd – About The Company
Aditya Infotech Ltd is more popular under the brand name “CP Plus,” wherein it makes video security equipment and also provides video security solutions. This includes a number of products fitted to a smart home like IOT cameras, HD Analog systems, thermal cameras, long-range cameras etc. Its products currently sell across more than 550 cities and mofussil towns in India. It has a network of over 1,000 distributors to market its products.
The fresh funds will be used for prepayment of existing borrowings to reduce the leverage in the balance sheet. The promoters are Hari Shanker Khemka, Aditya Khemka, Ananmay Khemka, Rishi Khemka, Hari Khemka, and Khemka Family Trust. IPO will be lead managed by ICICI Securities and IIFL Capital; while MUFG Intime India Private Ltd will be the IPO registrar. The company is headquartered in New Delhi.
Highlights Of The IPO Issue Of Aditya Infotech Ltd
Here are the key highlights of the public issue of Aditya Infotech Ltd.
- The IPO of will be open from July 29th, 2025 to July 31st, 2025. It has a face value of ₹1 per share and the IPO price band has been set in the range of ₹640 to ₹675 per share.
- The IPO of Aditya Infotech Ltd will be a combination of a fresh issue of shares and offer for sale (OFS) component.
- The fresh issue portion of the IPO comprises the issue of 74,07,407 shares (74.07 lakh shares), which at the upper price band of ₹675 per share translates into ₹500.00 crore.
- The offer for sale (OFS) portion of 1,18,51,851 shares (118.52 lakh shares), which at the upper price band of ₹675 per share translates into OFS size of ₹800.00 crore.
- The overall IPO will comprise of a fresh issue and OFS of 1,92,59,258 shares (192.59 lakh shares) worth ₹1,300.00 crore at the upper band price of ₹675 per share.
The IPO of Aditya Infotech Ltd will be listed on the NSE and the BSE on the IPO mainboard.
Key Dates, Investor Allocation, And Lot Sizes
Here are the key dates pertaining to the IPO of Aditya Infotech Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | 29th July 2025 |
| IPO Close Date | 31st July 2025 |
| Basis of Allotment | 01st August 2025 |
| Initiation of Refunds to non-allottees | 04th August 2025 |
| Credit of Shares to Demat | 04th August 2025 |
| Listing Date on NSE and BSE | 05th August 2025 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Category of Investors | Allocation of shares | % Share |
|---|---|---|
| Reservation for Employees | 1,03,448 shares | 0.52% of total IPO size |
| Anchor Allocation | 86,26,666 shares | 43.46% of total IPO size |
| QIB Shares Offered | 60,65,625 shares | 30.56% of total IPO size |
| NII (HNI) Shares Offered | 30,32,812 shares | 15.28% of total IPO size |
| Retail Shares Offered | 20,21,874 shares | 10.19% of total IPO size |
| Total Shares Offered | 1,98,50,425 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion, and the IPO QIB portion is reduced proportionately. Total shares here marginally differs from original announcement. Below is a quick look at the lot sizes applicable for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹ 14,850 |
| Retail (Max) | 13 | 286 | ₹ 1,93,050 |
| S-HNI (Min) | 14 | 308 | ₹ 2,07,900 |
| S-HNI (Max) | 67 | 1,474 | ₹ 9,94,950 |
| B-HNI (Min) | 68 | 1,496 | ₹ 10,09,800 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable.
Financial Highlights Of Aditya Infotech Ltd
The table captures the key financials of Aditya Infotech Ltd for last 3 financial years.
| Particulars | FY25 | FY24 | FY23 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 3,111.87 | 2,782.43 | 2,284.55 |
| Sales Growth (%) | 11.84% | 21.79% | |
| Profit after Tax (₹ in crore) | 351.37 | 115.17 | 108.31 |
| PAT Margins (%) | 11.29% | 4.14% | 4.74% |
| Total Equity (₹ in crore) | 1,017.67 | 424.21 | 311.59 |
| Total Assets (₹ in crore) | 3,174.54 | 1,644.18 | 1,708.76 |
| Return on Equity (%) | 34.53% | 27.15% | 34.76% |
| Return on Assets (%) | 11.07% | 7.00% | 6.34% |
| Asset Turnover Ratio (X) | 0.98 | 1.69 | 1.34 |
| Earnings per share (₹) | 33.02 | 11.24 | 10.57 |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
The company has seen a surge in profits in the latest year, but that could be more due to restatement due to an exceptional gain of ₹249 crore from fair valuation of previously held equity interest. Hence, a more sustainable picture would be flat growth in PAT in FY25.
Valuation Metrics Of The Aditya Infotech Ltd IPO
Aditya Infotech Ltd is a company that has seen a surge in profits in the latest year, but as stated earlier, it is due to the surge in one-time gain from equity fair valuation of interest. Devoid of that the growth has been flat. Hence, after including the one-time gain effect, the P/E at the IPO price works out to 20.44X. However, if that impact is eliminated, the sustainable P/E ratio at the IPO price is closer to 58-60X, which is relatively much higher.
Aditya Infotech Ltd is a leader in India in the video surveillance equipment business; and has a product and solutions business. This derisks its model. It caters to the commercial and consumer segments through its distribution network. Even excluding the one-time gain impact, the ROE is around 30%, which is good. The capital intensive nature of the business has kept the asset turnover under stress. Overall, Investors can look at the IPO with the knowledge that sustainable P/E is much higher. Business model surely has a niche!
A BRIEF ON THE ANCHOR ALLOCATION OF ADITYA INFOTECH LTD
The anchor allocation of Aditya Infotech Ltd saw a relatively strong response on 28th July 2025 with 43.46% of the IPO size absorbed by anchors. Out of 1,98,50,425 shares (198.50 lakh shares) on offer, anchors picked up 86,26,666 shares (86.27 lakh shares) accounting for 43.46% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹675 per share. This includes the face value of ₹1 per share plus a share premium of ₹674 per share. The anchor bidding opened and closed on 28th July 2025.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Aditya Infotech Ltd
| Bid Date | July 28, 2025 |
|---|---|
| Shares Offered | 86,26,666 shares |
| Anchor Portion Size (₹ in crore) | ₹582.30 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | August 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 28, 2025 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
ANCHOR ALLOCATION INVESTORS IN ADITYA INFOTECH LTD
On 22nd July 2025, Aditya Infotech Ltd allotted 86,26,666 shares to 54 anchor investors. The allocation was done at the upper IPO price band of ₹675 per share which resulted in overall anchor allocation of ₹582.30 crore. The anchors have already absorbed 43.46% of the total issue size of ₹1,339.90 crore. Listed below are top-10 anchor investors in the IPO who accounted for anchor collection of ₹258.28 crore or 44.36% of total anchor allocation.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Government of Singapore | 8,81,496 | 10.22% | ₹ 59.50 |
| 02 | Goldman Sachs India Equity | 4,14,810 | 4.81% | ₹ 28.00 |
| 03 | Nomura India Stock Mother Fund | 4,14,810 | 4.81% | ₹ 28.00 |
| 04 | Ashoka Whiteoak India Fund | 4,14,810 | 4.81% | ₹ 28.00 |
| 05 | HDFC Manufacturing Fund | 3,11,102 | 3.61% | ₹ 21.00 |
| 06 | Abu Dhabi Investment Authority | 3,03,688 | 3.52% | ₹ 20.50 |
| 07 | Kotak Business Cycle Fund | 3,03,688 | 3.52% | ₹ 20.50 |
| 08 | Mirae Asset Great Consumer Fund | 3,03,688 | 3.52% | ₹ 20.50 |
| 09 | Birla Sun Life Special Ops Fund | 2,56,124 | 2.97% | ₹ 17.29 |
| 10 | SBI Consumption Opportunities Fund | 2,22,222 | 2.58% | ₹ 15.00 |
| Grand Total | 38,26,438 | 44.36% | ₹ 258.28 |
Data Source: BSE Filings (Value Allocated in ₹ in Crore)
The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.
Out of the 86,26,666 shares allocated to the anchors in the IPO, a total of 38,01,040 shares were allocated to domestic mutual funds registered with SEBI. This allocation was spread across 34 mutual fund schemes belonging to 15 asset management company (AMCs). The mutual fund allocation in the anchor portion amounted to 44.01% of total anchor size.
NEXT STEPS IN THE ADITYA INFOTECH LTD IPO
Post the closure of the IPO subscription on 31st July 2025, the basis of allotment will be finalized on 01st August 2025 and the refunds will be initiated on 04th August 2025. In addition, the demat credits are expected to also happen on 04th August 2025 and the stock will list on 05th August 2025 on the NSE and the BSE. Credits to demat account to the extent of shares allotted will happen by the close of 04th August 2025 under ISIN (INE819V01029).
IPO SUBSCRIPTION STATUS ON DAY-1
As of 6.00 pm on 29th July 2025, out of the 112.24 lakh shares on offer in the IPO (excluding anchor portion), Aditya Infotech Ltd saw bids for 229.86 lakh shares. This implies an overall subscription of 2.05X at a macro level. The granular break-up of subscriptions as of the close of Day-1 of the IPO of Aditya Infotech Ltd was as under:
The subscriptions were led by the Retail investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also in the case of QIB bids. Both the QIB and the NII bids pick momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here are details of the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 86,26,666 | 86,26,666 | 582.30 |
| Employee Quota | 1.48 | 1,03,448 | 1,53,054 | 10.33 |
| QIB Investors | 0.01 | 60,65,625 | 79,970 | 5.40 |
| HNIs / NIIs | 3.16 | 30,32,812 | 95,74,840 | 646.30 |
| Retail Investors | 6.52 | 20,21,874 | 1,31,78,242 | 889.53 |
| Total | 2.05 | 1,12,23,759 | 2,29,86,106 | 1,551.56 |
Data Source: NSE / BSE (as of close of Day-1 of the IPO)
The IPO is open up to July 31, 2024, at which point we will know the final subscription status of the IPO.
NEXT STEPS IN THE ADITYA INFOTECH LTD IPO
The basis of allotment will be finalized on 01st August 2025 and the refunds will be initiated on 04th August 2025. In addition, the demat credits are expected to also happen on 04th August 2025 and the stock will list on 05th August 2025 on the NSE and the BSE. Credits to demat account will happen by the close of 04th August 2025 under ISIN (INE819V01029).
ADITYA INFOTECH LTD - IPO SUBSCRIPTION STATUS ON DAY-2
As of 6.00 pm on 30th July 2025, out of the 112.24 lakh shares on offer in the IPO (excluding anchor portion), Aditya Infotech Ltd saw bids for 771.88 lakh shares. This implies an overall subscription of 6.88X at a macro level. The granular break-up of subscriptions as of the close of Day-2 of the IPO of Aditya Infotech Ltd was as under:
The subscriptions were led by the Retail investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also in the case of QIB bids. Both the QIB and the NII bids pick momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here are details of the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 86,26,666 | 86,26,666 | 582.30 |
| Employee Quota | 3.47 | 1,03,448 | 3,58,578 | 24.20 |
| QIB Investors | 0.24 | 60,65,625 | 14,56,312 | 98.30 |
| HNIs / NIIs | 11.46 | 30,32,812 | 3,47,62,596 | 2,346.48 |
| Retail Investors | 20.09 | 20,21,874 | 4,06,10,240 | 2,741.19 |
| Total | 6.88 | 1,12,23,759 | 7,71,87,726 | 5,210.17 |
Data Source: NSE / BSE (as of close of Day-2 of the IPO)
The IPO is open up to July 31, 2024, at which point we will know the final subscription status of the IPO.
NEXT STEPS IN THE ADITYA INFOTECH LTD IPO
The basis of allotment will be finalized on 01st August 2025 and the refunds will be initiated on 04th August 2025. In addition, the demat credits are expected to also happen on 04th August 2025 and the stock will list on 05th August 2025 on the NSE and the BSE. Credits to demat account will happen by the close of 04th August 2025 under ISIN (INE819V01029).
ADITYA INFOTECH LTD - IPO SUBSCRIPTION STATUS ON DAY-3
As of 7.40 pm on 31st July 2025, out of the 112.24 lakh shares on offer in the IPO (excluding anchor portion), Aditya Infotech Ltd saw bids for 11,300.98 lakh shares. This implies an overall subscription of 100.69X at a macro level. The granular break-up of subscriptions as of the close of Day-3 of the IPO of Aditya Infotech Ltd was as under:
The subscriptions were led by the QIB investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that was the case in this issue also. Both the QIB and the NII bids pick momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here are details of the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 86,26,666 | 86,26,666 | 582.30 |
| Employee Quota | 8.50 | 1,03,448 | 8,79,736 | 59.38 |
| QIB Investors | 133.21 | 60,65,625 | 80,80,16,792 | 54,541.13 |
| HNIs / NIIs | 72.00 | 30,32,812 | 21,83,51,628 | 14,738.73 |
| Retail Investors | 50.87 | 20,21,874 | 10,28,49,494 | 6,942.34 |
| Total | 100.69 | 1,12,23,759 | 1,13,00,97,650 | 76,281.59 |
Data Source: NSE / BSE (as of close of Day-3 of the IPO)
The IPO has closed as of the end of market hours on July 31, 2024. The data shown in the table above is the final subscription figure for Aditya Infotech Ltd.
NEXT STEPS IN THE ADITYA INFOTECH LTD IPO
The basis of allotment will be finalized on 01st August 2025 and the refunds will be initiated on 04th August 2025. In addition, the demat credits are expected to also happen on 04th August 2025 and the stock will list on 05th August 2025 on the NSE and the BSE. Credits to demat account will happen by the close of 04th August 2025 under ISIN (INE819V01029).
CHECKING THE ALLOTMENT STATUS OF ADITYA INFOTECH LTD IPO ON BSE WEBSITE
This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
- Under Issue Type – Select Equity Option
- Under Issue Name – Select Aditya Infotech Ltd from the drop down box
- Enter the Application Number / CAF exactly as in the acknowledgement slip .OR.
- Enter your PAN (10-digit alphanumeric) number
- Once this is done, you need to click on the Captcha to verify you are not a robot
- Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Aditya Infotech Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits.
CHECKING ALLOTMENT STATUS OF ADITYA INFOTECH LTD IPO ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
- Under Issue Type – Select Equity & SME IPO Details Option
- Under SELECT SYMBOL – Select CPPLUS from the drop down box
- Enter the Application Number / CAF exactly as in the acknowledgement slip .AND.
- Enter your PAN (10-digit alphanumeric) number
- Once both are entered, click on the Submit Button
You must input the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Aditya Infotech Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF ADITYA INFOTECH LTD ON MUFG INTIME INDIA PRIVATE LIMITED (REGISTRAR TO THE IPO)
Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
There are 4 options available to you to access the allotment status, and you can use any of these options to query.
- You can use PAN access. Enter the 10 character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.
- The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.
- You can use DPID-Client ID combination. For NSDL combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.
- You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. It is available on your cheque book.
Finally, click on the SUBMIT button.
In case, you have any issues with the output, register an investor query with MUFG Intime India Private Ltd. You can either send an email with all requisite details and problem to [emailprotected] or you can call on (0)-81081-14949 for voice call.
NEXT STEPS IN THE ADITYA INFOTECH LTD IPO
Once the basis of allotment is finalized on August 01, 2025, the refunds will be initiated on 04th August 2025. In addition, the demat credits are expected to also happen on 04th August 2025 and the stock will list on 05th August 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 04th August 2025 under ISIN (INE819V01029).
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