Aditya Infotech IPO Live GMP Today 2025: Analysis, Price, Dates, Risks, Allotment

The Aditya Infotech Limited (AIL) IPO is one of the most anticipated public offerings of 2025. As India’s largest player in the rapidly growing security and video surveillance market, AIL aims to raise ₹1,300 crores through this book-built issue. With subscriptions opening on July 29, 2025, and closing on July 31, 2025, investors are keenly watching the Grey Market Premium (GMP) for early sentiment cues. This comprehensive guide provides everything you need to know – from live GMP updates and financial deep dives to reservation quotas and expert recommendations – empowering you to make an informed investment decision.

About IPO Details

Aditya Infotech’s IPO combines a fresh issue and an offer for sale (OFS), targeting significant capital infusion and providing partial exit to existing shareholders.

• Issue Type: Book Built Issue IPO
• Issue Size: ₹1,300.00 Crores
• Fresh Issue: 74,07,407 shares (Aggregating ₹500.00 Crores)
• Offer for Sale (OFS): 1,18,51,851 shares (Aggregating ₹800.00 Crores) by Promoter Selling Shareholders
• Price Band: ₹640 to ₹675 per Equity Share
• Face Value: ₹1 per Share
• Market Lot: 22 Shares
• Minimum Investment (Retail): ₹14,080 (22 shares x ₹640)
• Listing: BSE, NSE
• Book Running Lead Manager: ICICI Securities Limited
• Employee Discount: ₹60 per share (Applicable for employee applications bidding up to ₹2 Lakhs)

About the IPO Company: Aditya Infotech Ltd.

Aditya Infotech Limited (AIL), operating under the strong brand “CP Plus”, is a dominant force in India’s electronic security and surveillance solutions market, catering to both commercial and consumer segments.

• Core Business: Manufactures and provides a comprehensive range of video security products, solutions, and services.
• Product Portfolio:
  • Commercial: HD Analog Systems, Advanced Network Cameras, Thermal Cameras, Body-Worn Cameras, Long-Range IR Cameras, AI Solutions (ANPR, People Counting, Heat Mapping).
  • Residential (Smart Home): Smart Wi-Fi Cameras, 4G Cameras, Dash Cams, IoT Security Devices.
• Market Reach: As of March 2025, offered 2,986 SKUs across 550+ cities/towns in India.
• Distribution & Support:
  • Network: 1,000+ Distributors & 2,100+ System Integrators across Tier I, II, III cities.
  • Offices: 41 Branch Offices & 13 RMA (Return Merchandise Authorization) Centers nationwide.
  • Warehousing: 10 strategically located warehouses (Delhi, Gurugram, Noida, Bhiwandi, Ahmedabad, Indore, Kolkata, Guwahati, Chennai, Bengaluru).
  • Manufacturing: Own facility in Kadapa, Andhra Pradesh.
• Competitive Strengths:
  1. Market Leadership: Largest Indian player in the security & surveillance market.
  2. Strong Brand: High recall for “CP Plus”.
  3. Pan-India Reach: Extensive sales, distribution, and service network.
  4. End-to-End Solutions: Comprehensive portfolio across verticals.
  5. R&D & Manufacturing: In-house capabilities ensuring quality and innovation.
  6. Experienced Management: Driven by the Khemka family.

IPO GMP (Grey Market Premium) Live Today – July 2025

• GMP (as of July 25, 2025): ₹227
• GMP Trend: Significantly Up (from ₹0 on July 24)
• Estimated Listing Price (Based on Upper Band + GMP): ₹675 + ₹227 = ₹902
• Estimated Listing Gain: (₹902 – ₹675) / ₹675 * 100 ≈ 33.63%
• Subject to Sauda (S2S) Rate: ₹3,800 (per lot of 22 shares)
• Kostak Rate: Not actively quoted yet.
• Interpretation: A high positive GMP indicates very strong grey market demand and investor optimism, suggesting a potential bumper listing. However, GMP is unofficial, volatile, and carries risk. Monitor updates daily until listing.

Note: GMP fluctuates daily. Check our IPO GMP Tracker for real-time updates.

IPO Company Financial Data (Restated Consolidated)

Aditya Infotech has demonstrated impressive financial growth, particularly in profitability, over the last three fiscal years.

Table: Aditya Infotech Financial Performance (₹ Crores)

Key Observations:

1. Explosive Profit Growth: PAT surged over 205% in FY25, significantly outpacing revenue growth (11.7%), indicating improved operational efficiency and margins.
2. Strong Balance Sheet Expansion: Total Assets and Net Worth nearly doubled in FY25, reflecting aggressive growth and retained earnings.
3. Stable Borrowings: Debt levels remained relatively flat, suggesting growth is primarily funded internally or via equity.

IPO Application & Lot Size Details

Investors must apply in market lots. The price band determines the investment amount range.

Table: Aditya Infotech IPO Lot Size & Investment

How to Apply:

1. ASBA Process: Mandatory for all investors. Apply via your bank’s net banking portal or trading platform.
2. UPI Mandate: Retail investors use UPI ID for payment blocking. Cut-off time: 5 PM on July 31, 2025.
3. Categories: Ensure you apply under the correct category (Retail, sNII, bNII, Employee).

IPO Reservation Quota (% of Net Offer)

The net offer is the total issue size minus the reservation for employees. Quotas are defined as:

• Qualified Institutional Buyers (QIB): Not less than 75% (Includes Anchor Investor Portion)
• Non-Institutional Investors (NII):Not more than 15%
  • sNII (Application > ₹2 Lakhs to ≤ ₹10 Lakhs)
  • bNII (Application > ₹10 Lakhs)
• Retail Individual Investors (RII): Not more than 10% (Application ≤ ₹2 Lakhs)
• Employee Reservation: Up to ₹2 Lakhs discount eligible (Separate from RII/NII quota; can apply under RII/NII with discount benefit if bidding within limit).

IPO Promoter’s Holding Details

• Promoters: Hari Shanker Khemka, Aditya Khemka, Ananmay Khemka, Hari Khemka Business Family Trust.
• Pre-IPO Holding: 92.58% (10,98,05,805 shares)
• Post-IPO Holding: 76.70% (Calculated based on post-issue capital of 11,72,13,212 shares)
• Equity Dilution: Promoters are selling part of their stake via OFS (₹800 Cr), leading to a post-issue holding reduction.

IPO Timeline (Tentative Schedule)

Mark these critical dates related to the Aditya Infotech IPO process:

Table: Aditya Infotech IPO Key Dates

IPO Investor Category Reservations & Bidding

Understanding the application categories and their rules is crucial:

Table: Investor Category Bidding Details

IPO Anchor Investor Details

• Anchor Portion: A significant portion of the QIB quota (typically 60%) is usually reserved for Anchor Investors.
• Timing: Anchor investors are allotted shares one day before the IPO opens (expected: July 28, 2025).
• Lock-in: 30 days from the allotment date.
• Details: The list of Anchor Investors, the price at which they are allotted, and the number of shares will be disclosed on the BSE/NSE website after the anchor book closes. *Check exchange filings post-July 28th.*

IPO Key Performance Indicators (KPIs)

Analyzing KPIs is vital for fundamental assessment:

• Market Cap (Post-IPO): ₹7,911.89 Crores (Based on upper price band and post-issue shares)
• KPIs (as of March 31, 2025):KPIValueInterpretationReturn on Equity (ROE/RoNW)34.53%Excellent – Highly efficient use of shareholder capital.Return on Capital Employed (ROCE)33.27%Excellent – Highly efficient use of total capital (debt+equity).Debt-to-Equity Ratio0.41Comfortable – Moderate leverage, low financial risk.PAT Margin11.25%Good – Healthy conversion of revenue to profit. Improved significantly YoY.EBITDA Margin8.27%Moderate – Scope for improvement in operating efficiency.Price to Book (P/B)7.06High – Indicates market expects high future growth.EPS (Pre-IPO)₹32.00Based on FY25 PAT and Pre-IPO shares.EPS (Post-IPO)₹29.98Based on FY25 PAT and Post-IPO shares. Reflects dilution.P/E (Pre-IPO)21.09x(Price Band Upper / Pre-IPO EPS: ₹675 / ₹32.00)P/E (Post-IPO)22.52x(Price Band Upper / Post-IPO EPS: ₹675 / ₹29.98)
• Peer Comparison: While detailed peer analysis is crucial, AIL’s high ROE/ROCE and leadership position suggest it commands a premium valuation compared to smaller, less profitable players in the security solutions space. The post-IPO P/E of 22.5x needs evaluation against growth prospects.

IPO Company Contact Details

• Registered Office:
  Aditya Infotech Ltd.
  F-28, Okhla Industrial Area,
  Phase -1, New Delhi – 110020
• Phone: +91 120 4555 666
• Email: companysecretary@adityagroup.com
• Website: https://www.adityagroup.com/
• Investor Relations: Contact via email or website for specific queries.

IPO Registrar Details

Link Intime India Private Limited (A MUFG Company) is handling the registrar work.

• Name: Link Intime India Pvt. Ltd.
• Phone: +91-22-4918 6270
• Email: adityainfotech.ipo@linkintime.co.in
• Website: https://linkintime.co.in
• IPO Status Page: https://linkintime.co.in/IPO/public-issues.html (Check for allotment status post-Aug 1st)

IPO Recommendation: Subscribe or Not?

Based on a holistic analysis (Financials, Market Position, Growth, Valuation, GMP):

• Recommendation: “SUBSCRIBE” with a Long-Term View.
• Rationale:
  • Market Leadership: Dominant position in the high-growth Indian security & surveillance market.
  • Exceptional Financials: Stellar growth in profitability (205% PAT jump) and strong return ratios (ROE/ROCE >33%).
  • Robust Distribution & Brand: Unmatched pan-India network and strong brand recall (“CP Plus”).
  • Favorable Industry Tailwinds: Rising security concerns, smart city projects, and increasing adoption of AI-driven solutions.
  • GMP Indication: Very strong grey market premium (₹227) signals high listing pop potential.
• Caveats:
  • Premium Valuation: Post-IPO P/E of 22.5x demands consistent high growth to justify. Execution risks exist.
  • Competition: Intense competition from MNCs and other domestic players.
  • Dependence on Economic Growth: Capex cycles can impact commercial segment demand.
• Verdict: The strengths outweigh the risks. The company’s leadership, financial performance, and market potential make it an attractive bet. The expected listing gain (driven by high GMP) offers a potential short-term upside, while the underlying business fundamentals support long-term value creation. Suitable for investors with a moderate to high-risk appetite.

IPO RHP/DRHP: The Cornerstone Documents

• DRHP (Draft Red Herring Prospectus): The initial document filed with SEBI containing all company and issue details. It lacks the final price band and issue size. [Link to DRHP ]
• RHP (Red Herring Prospectus): The final document incorporating SEBI observations, including the final price band, issue size, and anchor investor details (if any). This is the legally binding document for the IPO. Investors MUST read the RHP before applying. [Link to RHP]
• Importance: These documents contain exhaustive information on risks, financials (audited), management, object of the issue, legal cases, and more. They are the primary source for due diligence.

IPO Review: Pros and Cons

A balanced view is essential for informed investing:

• Pros:
  1. Dominant Market Position: Largest Indian player with strong brand “CP Plus”.
  2. Exceptional Financial Growth: Phenomenal PAT growth (205% YoY) and industry-leading ROE/ROCE (~34%).
  3. Comprehensive Product Portfolio: Wide range covering commercial and residential segments, including AI solutions.
  4. Unmatched Distribution Network: Deep penetration via 1000+ distributors & 2100+ integrators across India.
  5. Vertically Integrated: Own manufacturing (Kadapa) and R&D capabilities.
  6. Experienced Promoters: Backed by the established Khemka business family.
  7. Strong Grey Market Sentiment (GMP): Indicating high listing premium potential.
• Cons:
  1. Premium Valuation: Post-IPO P/E of 22.5x is demanding; requires flawless execution.
  2. Intense Competition: Faces pressure from global giants (Hikvision, Dahua) and other domestic players.
  3. Execution Risk: Scaling up operations while maintaining profitability and quality is challenging.
  4. Dependence on Economic Health: Commercial segment demand is linked to infrastructure spending and business capex.
  5. OFS Component: A large part (₹800 Cr) is an offer for sale, meaning proceeds don’t go directly to the company for growth.

FAQs: Aditya Infotech IPO 2025

1. Q: What is Aditya Infotech IPO GMP Today?
   A: As of July 25, 2025, the Grey Market Premium (GMP) is ₹227. This indicates an estimated listing price of around ₹902 (Upper Band ₹675 + GMP ₹227).
2. Q: When does the Aditya Infotech IPO open and close?
   A: It opens on July 29, 2025 and closes on July 31, 2025.
3. Q: What is the Aditya Infotech IPO price band?
   A: The price band is ₹640 to ₹675 per equity share.
4. Q: What is the minimum investment amount for retail investors?
   A: The minimum investment is ₹14,080 (1 lot of 22 shares at the lower band ₹640) or ₹14,850 (1 lot at the upper band ₹675).
5. Q: What is the lot size for the Aditya Infotech IPO?
   A: The market lot size is 22 shares. Retail investors can apply for 1 lot (22 shares) up to 13 lots (286 shares).
6. Q: What are the objectives of the Aditya Infotech IPO?
   A: The net proceeds (from the fresh issue ₹500 Cr) will be used for:
   • Prepayment/repayment of borrowings: ₹375 Crores.
   • General corporate purposes: Balance.
7. Q: Who are the promoters of Aditya Infotech? What is their holding?
   A: Promoters are Hari Shanker Khemka, Aditya Khemka, Ananmay Khemka, and Hari Khemka Business Family Trust. Their holding reduces from 92.58% pre-IPO to 76.70% post-IPO.
8. Q: When is the expected listing date for Aditya Infotech IPO?
   A: The tentative listing date on BSE and NSE is Tuesday, August 5, 2025.
9. Q: Is the Aditya Infotech IPO good for investment?
   A: Based on strong market position, exceptional FY25 financials (especially 205% PAT growth), high ROE/ROCE (>33%), and positive market sentiment (GMP ₹227), the recommendation is “SUBSCRIBE” for listing gains and long-term potential, acknowledging the premium valuation risks.
10. Q: Where can I check Aditya Infotech IPO allotment status?
    A: The allotment status is expected by August 1, 2025. Check it on the registrar’s website: Link Intime IPO Status or via your bank/broker.

Conclusion

The Aditya Infotech IPO presents a compelling opportunity to invest in the leader of India’s burgeoning security and surveillance market. Backed by explosive FY25 profit growth (205%), industry-leading return ratios (ROE/ROCE ~34%), a formidable brand (CP Plus), and an unmatched distribution network, the company is well-positioned for future growth. While the post-IPO valuation (P/E 22.5x) is demanding and competition is intense, the overwhelming grey market premium (GMP ₹227) signals strong investor appetite and potential for significant listing gains. For investors comfortable with the valuation and seeking exposure to a high-growth segment driven by increasing security needs and technological adoption, subscribing to the Aditya Infotech IPO is recommended. Always conduct your final due diligence by reading the RHP before the subscription window closes on July 31, 2025.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Market conditions, GMP, and sentiment can change rapidly. Investors should consult with a SEBI-registered financial advisor and carefully read the RHP before making any investment decision. Past performance is not indicative of future results.