Aditya Infotech IPO: Date, Overview, And GMP

Aditya Infotech IPO - Complete Overview 

Aditya Infotech IPO, a Mainboard IPO, is a book-built issue of Rs. 1300 Cr (1.93 Cr Shares) by Aditya Infotech Limited. It is the largest Indian-owned company that manufactures and provides video security and surveillance products and services under the brand name ‘CP Plus’, with a market share of 20.8% of the Indian video surveillance market in terms of revenue in Fiscal 2025.

The sale of Dahua-supplied goods accounts for a sizeable amount of operating revenue, which in Fiscal 2024 amounted to 28.41% of total income.

Some of the products the company provides include smart home IoT cameras, HD analogue systems, advanced network cameras, body-worn and thermal cameras, long-range infrared cameras, and AI solutions, such as automatic number plate recognition, people counting, and heat mapping. For the residential market, AIL provides video surveillance, smart and 4G Wi-Fi cameras, and dash cameras.

The product portfolio revenue is mainly concentrated in its camera and Digital Video Recorders (DVRs), which contributed approximately 90% to revenue in FY23 and around 88% in 9MFY24.

The company has reached over 500 cities and towns in India. The company has a famous tagline, “Uparwala Sab Dekh Raha Hai.”

AIL has 40 branches and RMA offices, and the video surveillance products are sold through over 800 distributors and over 2,200 system integrators across tier one, tier two, and tier three cities.

The company has 10 warehouses in Delhi, Gurugram, Haryana, Noida, and West India, such as Bhiwandi, Ahmedabad, Indore, and some in East and South, like Kolkata, Guwahati, Chennai, and Bengaluru.

Product Portfolio

AI Network Cameras

Network Video Recorders (“NVRs”)

Automatic Number Place Recognition (“ANPR”) Cameras

Mobile NVR (“MNVRs”)

Body Worn Cameras

EzyFi Smart Wi-Fi Cameras

4G Camera

CarKam Dash Cam

Wi-Fi Doorbell

Digital Door Locks

Video Door Phones

Power over Ethernet (“PoE”) Network Switches

NVR Racks / Digital Video Recorders (“DVRs”)

Cables

Switched-Mode Power Supply (“SMPS”) Power Supplies

 

Services

[A].  It provides centralized monitoring services powered by AI and IoT under the "OnVigil" brand.

Other services include:

1. CP PLUS AI Solution

• Video Analytics and Intelligence

• Security and Process Automation

• Optimized Hardware Offering

 

2. CP PLUS Cloud Storage
   
   

[B]. Industry-Based Solutions

• Banking

• Campuses

• Hospitality and Health Care

• Industrial

• Law Enforcement

• Oil and Gas

• Retail

• Safe City

• Smart Traffic

• Transportation, etc.
  
  

If you want to apply for the IPO, click to open a Demat Account.

 

 

Aditya Infotech IPO Details

The Aditya Infotech IPO open date is from Jul 29 to Jul 31, with IPO allotment on Aug 01, refund initiation on Aug 04, and listing on Aug 05, 2025.

The Rs. 1300 crore mainline IPO comprises a combination of a fresh issue of 0.74 Cr Shares (Rs. 500 Cr) and an offer for sale (OFS) of 1.19 crore Shares (Rs. 800 Cr).   

The Aditya Infotech IPO listing date is on Tuesday, 05 August 2025, and it will be listed at BSE and NSE. The Aditya Infotech IPO price band is Rs. 640 to Rs. 675 for each Share.

Industry Growth

Global Market For Video Surveillance

The market is projected to expand at a CAGR of 10.36% (sales-wise) between FY 2025 to FY 2030. It is expected that the volume of video surveillance will increase from 1,112.9 million units in Fiscal 2025 to 1,600.1 million units over the next five years.

 

Indian Market Data

The Indian video surveillance market grew from almost US$1.0 Bn in FY 2020 to US$1.3 Bn in FY 2025, with a projected CAGR of 16.46% till 2030.

 

Company Financial

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	3,174.54	1,644.18	1,708.76
Total Revenue	3,122.93	2,795.96	2,295.56
PAT	351.37	115.17	108.31
EBITDA	258.39	236.48	181.05
Net Worth	1,017.66	424.20	311.59
Reserves and Surplus	994.49	421.33	308.65
Borrowings	412.84	405.45	409.60

 

Valuation

Metric	Value
ROE	34.53%
ROCE	33.27%
Debt/Equity	0.41
RoNW	34.53%
P/E	20.44x
EBITDA	8.27%
Price to Book Value	7.06

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	272.08	(1,804.05)	557.63
Net Cash Flow Investing Activities	(11.98)	1,164.88	(1,218.96)
Net Cash Flow Financing Activities	(189.54)	(442.61)	1,091.31

 

Revenue Bifurcation

Channel-wise Revenue Breakdown

(Amount in millions)

 

Region-wise Revenue Breakdown

(Amount in millions)

 

Sales Bifurcation

(Source RHP)

 

The Objective of The Issue

• Repayment in full or in part of some outstanding loans that the company has taken out.

• General corporate purposes.

Click to check the IPO application status.

Peers of Aditya Infotech Ltd.

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

 

Evaluation

The Aditya IPO price is between Rs. 640 to Rs. 675 for each Share.

Evaluation of P/E Ratio

Considering the period of FY 2025, with an EPS of Rs. 33.02 from the last year, the resulting P/E ratio is 20.44x.

Considering the weighted EPS of Rs. 22.02 for the last three years, the P/E ratio is 30.65x.

Explore the Shanti Gold International IPO.

 

Comparative Analysis With Listed Peers

Since there is no listed peer, we can not compare its P/E valuation based on its listed peers.

IPO's Strengths 

• The biggest Indian player in the expanding security and video surveillance market in India, with a strong brand recall, concentrating on consumer and commercial markets.

• Pan-India network of sales, distribution, and services serving a wide range of clientele.

• End-to-end security solutions across verticals are provided by a broad portfolio of electronic security and surveillance products, solutions, and services.

• Advanced manufacturing and quality-centered research and development capabilities.

 

 

IPO’s Weaknesses

• The finance of the company depends on revenue generated through the sale of CCTV cameras, NVRs cameras. Any reduction in demand or change in consumer preferences may affect the business profitability.

• The company depends on a very limited number of suppliers for its purchases of parts and materials. Any interruptions in the availability of these inputs could adversely affect its operations and cash flows.

• Import dependency due to the partial importation of raw materials and components mainly from China.

• Geographical concentration in the AP region.

• Given that a significant amount of revenue is generated from products supplied by Dahua, either disruptions in supply or unfavorable commercial terms would have a very negative impact on the company's financial position.
  
  

Aditya Infotech IPO GMP 

Aditya Infotech IPO GMP today is Rs. 150 as of 24 July 2025, while writing this information. Hence, with the upper price of Rs. 675, its estimated listing price might be Rs. 825 (Upper price + Current GMP).

Aditya Infotech Limited IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Jul 29, 2025
IPO Closing Date	Jul 31, 2025
IPO Allotment Date	Aug 01, 2025
Refund Initiation	Aug 04, 2025
IPO Listing Date	Aug 05, 2025

 

Aditya Infotech IPO Summary 

The Aditya Infotech Limited IPO with a face value of Rs. 1 per Share offers a total issue size of 1,92,59,258 Shares (Rs. 1300 Cr).

IPO Opening & Closing Date	Jul 29, 2025 to Jul 31, 2025
Face Value	Rs. 1 per Share
Issue Price	Rs. 640 to Rs. 675
Lot Size	22 Shares
Issue Size	1,92,59,258 Shares (Rs. 1300 Cr)
Offer for Sale	1,18,51,851 Shares (Rs. 800 Cr)
Fresh Issue	74,07,407 Shares (Rs. 500 Cr)
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Private Limited (Link Intime)

 

 

Aditya Infotech IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (22 Shares) amounting to Rs. 14850 and 13 Lots (286 Shares) amounting to Rs. 193050, respectively, while for HNI investors, the minimum Lot is 14 (308 Shares) amounting to Rs. 207900.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
S-HNI (Minimum)	14 Lots
S-HNI (Maximum)	67 Lots
B-HNI (Minimum)	68 Lots

Aditya Infotech IPO Reservation

Institutional Share Portion	75%
Retail Investors' Share Portion	10%
Non-Institutional Shares Portion	15%

 

Promoters And Management of Aditya Infotech Ltd.

• Hari Shanker Khemka

• Aditya Khemka

• Ananmay Khemka

• Hari Khemka Business Family Trust.
  
  

Pre-Issue Promoter Shareholding	92.58%
Post-Issue Promoter Shareholding	76.7%

 

Aditya Infotech IPO Lead Managers

• ICICI Securities Limited.

 

Dividend Policy

The company has paid a dividend of Rs. 1.64, Rs. 1.76, Rs. 4.88 per equity share

in the FY2025, FY2024, and FY2023, respectively.

 

 

Conclusion

With a broad range of products and statewide distribution, Aditya Infotech IPO, supported by the powerful CP Plus brand, provides an opportunity on India's expanding video surveillance industry. It has shown a strong financial growth, cutting-edge R&D, and dominant market position. Reliance on a small number of suppliers, geographical concentration and Chinese imports poses threats to the company.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.