Aditya Infotech IPO 2025: GMP, Subscription, Allotment, Review, Apply or Not
Aditya Infotech IPO sees strong demand with 1.5x retail subscription. Analysts split on apply or avoid. Full GMP & allotment details here.
Aditya Infotech IPO Opens at ₹640–₹675; GMP at ₹217, Should You Apply?
Mumbai, July 29: The ₹1,300 crore Aditya Infotech Limited IPO opened today, drawing strong investor attention with a robust grey market premium (GMP) of ₹217 per share, indicating potential listing gains of around 32%. The issue, priced between ₹640 and ₹675 per share, will close on 31 July 2025 and list on both the NSE and BSE.
📈 Subscription Status
By 11:09 AM on Day 1, the IPO was subscribed 0.40 times overall. The retail portion led demand, booked 1.50 times, while the NII (non-institutional investor) category saw 0.47 times subscription.
💰 IPO Structure & Key Dates
♦ Issue Size: ₹1,300 crore (₹500 crore fresh issue + ₹800 crore OFS)
♦ Lot Size: 22 shares per lot
♦ Allotment Date: 1 August 2025
♦ Likely Listing Date: 4 August 2025
♦ Lead Managers: ICICI Securities, IIFL Capital Services
♦ Registrar: MUFG Intime India Pvt Ltd
♦ Market Cap (post-issue): ₹7,911.89 crore
🔎 Grey Market Premium (GMP)
Aditya Infotech shares are trading at a ₹217 premium in the grey market, signaling strong listing expectations.
🏢 Company Overview
Aditya Infotech is a leading provider of video security and surveillance products, with a pan‑India network and a diversified product portfolio.
📊 Financial Highlights
♦ Revenue: ₹3,112 crore in FY25 vs ₹2,782 crore in FY24
♦ Profit After Tax (PAT): ₹3,513 crore in FY25 vs ₹1,151 crore in FY24
♦ EBITDA Margin: 8.25% in FY25
♦ Return Ratios (FY25): ROE at 34.5%, ROCE at 33.3%
♦ Debt-to-Equity Ratio: 0.41x
💡 Expert Views: Apply or Not?
♦ Swastika Investmart (Shivani Nyati): Subscribe — cites strong demand in surveillance sector, expanding margins, and long-term growth potential.
♦ INVasset PMS (Jickson Sajee): Positive — highlights sharp profit growth and strong capital efficiency, but warns of competitive pressures in a fast-evolving tech sector.
♦ Fynocrat Technologies (Gaurav Goel): Avoid — flags expensive valuation with a P/E of ~77x, suggesting limited margin of safety despite industry leadership.
📌 Bottom Line
With a high GMP, robust retail demand, and strong FY25 performance, Aditya Infotech’s IPO has generated optimism for listing gains. However, analysts remain divided on long-term prospects due to rich valuations and sector competition.
