Aditya Infotech IPO Explodes on Day 1: Oversubscribed Instantly, GMP Soars 39%; Listing Jackpot Coming?

Aditya Infotech IPO had an awesome start today, with investors rushing to book their shares as soon as the bidding window opened. By the end of Day 1, the IPO was subscribed 1.84 times overall, powered largely by retail investors, while the grey market premium (GMP) soared to Rs. 263, hinting at a potential 39% listing gain.

The retail category led the momentum, subscribing a massive 6.03 times, while the NII portion was picked up 2.72 times. However, the QIB segment, as expected, remained muted at 0.01 times on the first day but is likely to pick up in the coming sessions.

Aditya Infotech IPO in the Grey Market

The latest Aditya Infotech IPO GMP today stands at Rs. 263, according to the Investorgain website, pushing the estimated listing price to around Rs. 938 per share, which means investors will get a solid premium over the upper price band of Rs. 675. The IPO price band is set at Rs. 640 to Rs. 675 per share, and if this trend holds, investors could see a listing pop of nearly 38.96% on debut day.

Aditya Infotech IPO Structure and Details

The Aditya Infotech IPO comprises a fresh issue of Rs. 500 crore and an offer for sale of Rs. 800 crore, totallingRs. 1,300 crore. The bidding window opened on July 29 and will close on July 31.
The company already raised Rs. 582.30 crore from anchor investors on July 28, just a day before the public bidding began.
The basis of allotment is expected on August 1, and the stock is set to be listed on NSE and BSE on August 5, if all goes as scheduled.

What Do Analysts Say? Subcribe or skip?

Valued at a P/E of 22.5x FY25 earnings at the upper price band, Aditya Infotech's post-issue market cap is expected to be around Rs. 7,911.89 crore. Analysts see the IPO as fully priced but not overvalued, given the company's scale and market dominance.

"The company holds a strong market position with minimal competition and a track record of consistent growth in revenue and profitability. Given these fundamentals, we recommend a 'Subscribe - Long Term' stance," said a research note from Anand Rathi.

About Aditya Infotech Ltd

Aditya Infotech Ltd. is an Indian manufacturer and distributor of video surveillance and security solutions, best known for its brand CP Plus. Its extensive portfolio includes smart home IoT cameras, advanced HD and IP surveillance systems, AI-powered analytics like number plate recognition, people counting, heat mapping, and more. The Aditya Infotech IPO is selling like hotcakes, seeing the Day 1 figures, which is indicating massive investor appetite. If the current pace continues, a blockbuster listing on August 5 may be in sight.