Aditya Infotech, known for its popular CP Plus brand in the video surveillance space, has opened its initial public offering this week with a strong response from investors. With a goal of raising ₹1,300 crore, the public issue comprises a fresh issue of ₹500 crore and an offer for sale worth ₹800 crore. The IPO opened for bidding on July 29 and will close on July 31, with listing scheduled on both BSE and NSE around August 5.
The price band for the IPO is fixed between ₹640 and ₹675 per share. For retail investors, the minimum lot size is 22 shares, which requires an investment of ₹14,080. High net-worth individuals fall under two separate brackets. Small investors in this category need to invest in 14 lots, which means 308 shares at around ₹2 lakh, while large investors can subscribe to 68 lots, translating to 1,496 shares or nearly ₹10 lakh.
The IPO has already shown promising traction in the market. By the end of the first day of bidding, the issue had been subscribed over two times, which reflects strong investor confidence in the company’s fundamentals and growth prospects. This momentum is further supported by activity in the grey market, where Aditya Infotech’s shares are commanding a premium of ₹263. With the IPO price ceiling at ₹675, this suggests a potential listing price around ₹938, indicating an estimated 39 percent upside.
There is also a dedicated reservation of close to 97,561 equity shares for employees, who are being offered a discount of ₹60 per share compared to the general offer price. This move not only adds value for long-term internal stakeholders but also reflects the company’s intent to share ownership across its ecosystem.
Aditya Infotech plans to use a significant portion of the fresh issue proceeds to reduce outstanding borrowings, which will strengthen its balance sheet and enhance financial flexibility. The remaining capital will be directed towards general corporate purposes, including business development and operational growth.
The company has appointed ICICI Securities as the lead book-running manager for the issue, while MUFG Intime India, formerly known as Link Intime, will act as the registrar. Both firms bring considerable experience in managing large-scale IPOs, further boosting investor confidence.
Founded as a technology solutions company, Aditya Infotech has built a strong position in India’s rapidly growing video surveillance sector. Under the CP Plus brand, the company offers a wide array of security products and services. These include smart home cameras, HD analogue systems, advanced network surveillance, thermal cameras, and body-worn cameras used by law enforcement. CP Plus also offers AI-powered solutions that include number plate recognition, people counting, and heat mapping technologies. This product diversity and technological focus place the brand at the forefront of security innovation in India.
With rising demand for digital security systems across sectors such as residential, commercial, industrial, and government infrastructure, the market potential for CP Plus is immense. The IPO comes at a time when businesses are actively looking to upgrade their surveillance infrastructure, and Aditya Infotech’s leadership in this space could position it well for future growth.
As India continues to witness a boom in home and commercial surveillance adoption, the CP Plus brand is expected to remain a significant player in the evolving security technology market. For investors, this IPO offers exposure to a growing sector backed by a strong brand and clear expansion strategy.
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