Aditya Infotech Skyrockets: Shares Soar 53% Post-IPO

Aditya Infotech, renowned for its 'CP Plus' brand of video security products, made an impressive debut on the stock market this Tuesday. Its shares opened with a robust 53% premium upon listing, far exceeding its initial issue price of Rs 675.

On the NSE, shares began trading at Rs 1,015, gaining further to Rs 1,032. Similarly, on the BSE, the stock initially traded at Rs 1,018, later soaring to Rs 1,035.05, marking a substantial surge. This propelled the company's market valuation to an impressive Rs 12,180.53 crore.

Despite a downturn in the overall market, with the BSE Sensex dropping 377.10 points, Aditya Infotech's IPO stirred investor enthusiasm. The IPO saw a subscription rate of over 100 times, raising Rs 1,300 crore. Funds will prioritize debt repayment and corporate necessities, highlighting the firm's strategic growth focus.

(With inputs from agencies.)