Aditya Infotech launches Rs 1,300 crore IPO

MUMBAI: Aditya Infotech, the company behind CP Plus CCTV cameras, has begun testing investor interest for its Rs 1,300 crore initial public offering (IPO) amid growing investor participation in Indian equity issuances. Aditya Infotech, in which Dixon Technologies holds a minority stake, will accept bids from July 29 to July 31, according to IPO launch details shared by the company. Aditya Infotech will sell each share at a price range of Rs 640 to Rs 675. At the upper end of the price band, the company is valued at Rs 7,912 crore. Founder Aditya Khemka and his family own about 93% of the company, which was established in 1994, just after India opened its economy in 1991.

Dixon holds roughly 7% in Aditya Infotech, with vice chairman and MD Atul Behari Lall sitting on its board. The IPO comprises a fresh issue of Rs 500 crore and an offer for sale (OFS) of Rs 800 crore by the Khemkas. Shares are expected to list on August 5. After the IPO, the founding family’s stake in the company will drop to around 77%.India's IPO market has experienced significant growth in recent years on the back of a robust secondary market, positioning the nation among the top five IPO markets globally.

Aditya Infotech intends to use the IPO proceeds to pay off Rs 375 crore of debts. Its borrowings exceed Rs 400 crore. Its profit zoomed 205% to Rs 351 crore in FY25 and revenue grew about 12% to Rs 3,112 crore during the same period. The company has a 21% market share of India’s video surveillance industry, which was valued at Rs 10,620 crore in FY25 and is projected to double by FY30. Aditya Infotech, world's third largest manufacturer of surveillance products, boasts a production capacity of over 15 million units in Kadapa, Andhra Pradesh and employs about 3,200 people.