Aditya Infotech IPO 2025: CP Plus Fuels a Stellar Debut
IPO analysis, listing review, business overview, and the big picture for India’s security tech leader.
Updated: 5 August 2025
Overview: A Blockbuster IPO Grabs the Spotlight
+44% GMP
₹975 Listing Estimate
₹1,300 crore Issue
Aditya Infotech Limited (AIL), the powerhouse behind CP Plus, has staged one of the most anticipated public listings of 2025. The ₹1,300 crore IPO saw extraordinary demand:
- Total subscription: 100+ times overall demand
- QIB Subscription: 133.2x, Retail: 50.9x, NII: 72x
- Grey Market Premium (GMP): Hovering around +44% at listing
✔The IPO allotted shares at the top price band (₹675) and debuted on NSE and BSE on 5 August 2025, signaling robust investor confidence.
| IPO Metrics | Details |
|---|---|
| Issue Size | ₹1,300 crore (Fresh: ₹500cr, OFS: ₹800cr) |
| Price Band | ₹640 – ₹675 |
| Lot Size | 22 shares |
| Subscription (Total) | 100.7x |
| QIB | 133.2x |
| NII | 72.0x |
| Retail | 50.9x |
| Anchor Investors | ₹582.3 crore secured ahead of public bidding |
| Listing Date | 5 August 2025 |
| Estimated Listing Price | ₹975 |
| GMP at Listing | ₹290–300/share |
IPO Performance & Market Sentiment
- Aggressive Subscription: Institutions, HNIs, and retailers queued up, with QIBs subscribing over 133x and retail nearly 51x—one of the year’s hottest mainboard IPOs.
- Anchor Allotment: Top mutual funds and global institutional investors took up nearly half the issue in the anchor round, underscoring deep professional interest.
- Listing Pop: The stock listed with a premium estimated at +44% over issue price, powered by strong GMP momentum and positive sector outlook.
- Investor Outlook: Analysts highlight that, while initial exuberance is strong, long-term gains will depend on Aditya Infotech’s ability to sustain growth and margins in the competitive security tech market.
✔ The stellar listing marked a firm vote of confidence in Aditya Infotech’s CP Plus leadership and the expanding Indian surveillance market.
CP Plus: The Engine Behind Market Leadership
- India’s #1 Surveillance Brand: CP Plus, Aditya Infotech’s flagship, commands leadership in electronic security, serving government, enterprise, and consumer verticals.
- Extensive Channel: Over 1,000+ distributors, 2,100+ system integrators, and 550+ direct market points across India.
- Product Range: Smart home cameras, large-scale industrial and city surveillance, AI-powered security solutions, and cloud-based management. Emphasis on indigenous (‘Make in India’) manufacturing.
- Innovation & Security: CP Plus’s Trusted Core Technology (CTC) and focus on cybersecurity help address privacy and modern threats, appealing to risk-conscious clients and government projects.
- Industry Footprint: Aditya Infotech/CP Plus products safeguard banks, public infrastructure, education, retail, and homes, tallying over 1 million deployments nationwide.
✔ CP Plus is not just the revenue driver but also a symbol of Indian innovation in electronics security.
Financials, Profit Growth & Core Metrics
- FY25 Revenue: ₹3,123 crore
- Net Profit: ₹351 crore 205% YoY growth
- 5-Year CAGR: >50% in profits, underlining sustained scale-up and margin expansion
- ROCE: 19.5%, indicating robust operational efficiency
- Market Share: 20.8% of India’s video security and surveillance sector by revenue
- Production: 15 million units/year at flagship Make-in-India facility (Kadapa, AP)
Annual Revenue & Net Profit Growth (₹ crore, FY21–FY25)
Source: Company data (estimates for visualization only)
✔ Profit growth outpaces revenue, driven by expanding smart surveillance adoption (smart homes, public security).
Use of IPO Proceeds
- Debt Repayment: ~₹375 crore earmarked for immediate interest reduction, fortifying the balance sheet.
- General Corporate Purposes: Funds to support expansion, new product launches, channel development, and R&D (e.g., AI-driven security and IoT).
- Make-in-India Investment: Capital investment in manufacturing capacities, local R&D centers (Noida), and software development (Manesar).
- Shareholder Value: A cleaner debt profile and strong capital reserves set the stage for sustained market leadership and innovation.
✔ Approximately 29% of proceeds target immediate debt reduction—improving financial resilience and future margins.
Frequently Asked Questions (FAQ)
Aditya Infotech Limited, under its flagship brand CP Plus, is India’s largest provider of video surveillance and electronic security products. Its diverse portfolio includes AI-powered cameras, digital video recorders, thermal systems, and cloud-based security, deployed widely across enterprises, government, retail, and homes.
The IPO was hugely oversubscribed—over 100 times overall. QIBs led the subscription at over 133x, with non-institutional and retail investor categories also seeing significant demand, indicating wide and deep confidence in Aditya Infotech’s business prospects.
Risks: High valuation after a euphoric debut, increasing sector competition, and technological disruption. Growth will depend on sustaining margins, adapting to next-generation security trends, and defending market share.
The funds raised will be used primarily for debt repayment (₹375 crore), enhancing R&D and technology initiatives, and supporting expansion in manufacturing and channel networks. This positions Aditya Infotech for greater operational and financial resilience.
Yes. Aditya Infotech is deeply invested in Make-in-India, with major manufacturing in Andhra Pradesh and R&D in Noida. Its CTC (Trusted Core Technology) is designed to address modern cybersecurity concerns, with features engineered to protect against evolving digital threats.
Key Takeaways: Should You Watch Aditya Infotech?
- ✔ IPO Success: Strongest mainboard oversubscription of 2025; powerful anchor support and retail enthusiasm.
- ✔ Growth Engine: CP Plus holds dominant market share in a fast-expanding security technology segment.
- ✔ Future-Ready: Investments in next-gen AI, cybertech, and Make-in-India strategy should sustain leadership—but investors should monitor valuations and execution risks in medium term.
- ⚠ Valuations are high after listing—long-term returns will hinge on sustained execution, sector growth, and competitive innovation.
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