Aditya Infotech IPO Surpasses Expectations with 6.87 Times Subscription

The initial public offering (IPO) of Aditya Infotech Ltd, known for its CP Plus video security products, attracted strong interest from investors, achieving a 6.87 times subscription by the second day of bidding on Wednesday.

According to NSE data, bids were submitted for 7,71,16,314 shares against the 1,12,23,759 shares on offer. The retail individual investors (RIIs) portion was oversubscribed 20.06 times, while non-institutional investors bid 11.45 times their quota. Meanwhile, qualified institutional buyers (QIBs) saw 24% subscription.

Notably, Aditya Infotech raised over Rs 582 crore from anchor investors on Monday. The IPO, set to close on Thursday, comprises a Rs 1,300-crore issue, including a fresh equity share issue and an offer for sale by promoters. Proceeds will be directed towards debt repayment and general corporate purposes.

(With inputs from agencies.)