Aditya Infotech IPO Fully Subscribed in Record Time

The initial public offering of Aditya Infotech Ltd, which markets video security and surveillance products under the 'CP Plus' brand, was fully subscribed within hours of opening for bids on Tuesday.

According to the NSE, the three-day share sale attracted bids for 1,18,12,438 shares against the 1,12,23,759 shares on offer, resulting in 1.05 times the subscription by 13:36 hours. Retail Individual Investors (RIIs) subscribed 3.66 times their available shares, while non-institutional investors subscribed 1.42 times. Qualified Institutional Buyers (QIBs) subscribed 1 percent of the available shares.

Aditya Infotech previously secured over Rs 582 crore from anchor investors on Monday, with the Rs 1,300-crore IPO set to close on July 31. The IPO comprises a fresh issue of equity shares worth Rs 500 crore and an offer for sale by promoters valued at Rs 800 crore. The IPO proceeds will allocate Rs 375 crore for debt repayment, with the remainder for general corporate purposes. ICICI Securities and IIFL Capital Services act as lead managers for the issue.

(With inputs from agencies.)