Aditya Infotech IPO: Filed DRHP to SEBI

Aditya Infotech Private Limited, a parent company of CP Plus, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to prepare for its upcoming public issue. This upcoming IPO is offering a fresh issue worth up to Rs 500 crore of equity shares and an offer for sale of up to Rs 800 crore of equity shares.

The total aggregate size of a public issue will be up to Rs 1300 crore, and the total no. of equity shares that will be issued by the company has not yet been disclosed.

This IPO will follow the book-building process, with not less than 75% of the offer reserved for Qualified Institutional Buyers (QIBs), not more than 15% for Non-Institutional Investors (NIIs), and not more than 10% for retail investors.

Aditya Infotech IPO's open date and close date have not been declared yet. The price band and lot size will be revealed soon by the company. The Shares to be offered through the Red Herring Prospectus are proposed by the company to be listed on the BSE and NSE.

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About Aditya Infotech Limited

Aditya Infotech Limited (AIL), incorporated on 27 March 1995 and headquartered in Noida, India, is a leading provider of electronic security solutions, primarily known for its flagship brand, CP Plus. This brand has established itself as a top player in the video surveillance market, holding a significant market share in India. AIL specializes in intelligent video surveillance systems, including CCTV cameras and access control solutions.

The company has a partnership with Dahua Technology, which acts as its exclusive distributor in India and enhances its product offerings. AIL also formed a joint venture with Dixon Technologies to manufacture security systems under the CP Plus brand. With over 700 employees and extensive distribution networks across the country, AIL continues to innovate and expand its reach in the security technology sector.

Aditya Infotech IPO Objectives

Rs 375 crore from the net proceeds of the fresh issue will get allocated towards the repayment or prepayment, in full or in part, of certain borrowings availed by the company, with the rest being used for general corporate purposes. (As per the prospectus filed by the company to the SEBI).

Financials of Aditya Infotech Limited

The financials for the company during the period ended 31 March 2024, compared to 31 March 2023:

1. Assets decreased from Rs 1,708.76 crores in March 2023 to Rs 1,644.18 crores in March 2024, a -3.78% decrease.

2. Revenue increased from Rs 2,284.55 crores to Rs 2,782.43 crores, a 21.79% increase.

3. Profit After Tax (PAT) increased from Rs 108.31 crores in March 2023 to Rs 115.17 crores in March 2024, a 6.33% increase.

4. Total Borrowing decreased from Rs 409.60 crores to Rs 405.45 crores, a -1.01% decrease.

Lead managers and Registrar of Aditya Infotech IPO

The IPO is managed by ICICI Securities Limited and IIFL Securities Limited, which is the book-running lead manager of this public issue. The company has appointed Link Intime India Private Limited as the registrar for this public issue.

Promoters of Aditya Infotech

Hari Shanker Khemka, Aditya Khemka, Ananmay Khemka and Hari Khemka Business Family Trust are the identifiable promoters (s) of the company. They collectively held 89.01% of the company's shares. However, post-IPO changes in their shareholding have not yet been disclosed in the Prospectus filed by the company with SEBI. To read full DRHP click here.

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