Aditya Infotech IPO- CCTV & Video Surveillance Company
The Aditya Infotech IPO is not just another public issue—it’s a bold move by India’s leading video surveillance brand, CP Plus, to ride the wave of rising demand for security tech. With a price band of ₹640–₹675 per share and a massive issue size of ₹1,300 crore, this IPO is backed by solid fundamentals, pan-India presence, and a jaw-dropping 205% profit growth in FY25.
Retail investors can start bidding from July 29 to July 31, 2025, with the company aiming to raise ₹500 crore via fresh issue and an additional ₹800 crore through offer for sale. This isn’t just about cameras and cables—this is about tapping into India’s multi-billion-dollar digital surveillance boom, and Aditya Infotech is right at the center of it.
With a network stretching across 550+ cities, over 2,100 system integrators, and 1,000+ distributors, Aditya Infotech isn’t just selling products—they’re powering smart homes, safeguarding commercial zones, and delivering end-to-end AI-based security solutions across India. But is the valuation fair? Is the growth sustainable? And should you apply?
Let’s break it all down—from lot sizes and financials to growth prospects and grey market signals.
Aditya Infotech IPO: All You Need to Know
Aditya Infotech Details
| Particulars | Information |
|---|---|
| IPO Name | Aditya Infotech IPO |
| Issue Type | Book Built Issue |
| IPO Opening Date | July 29, 2025 |
| IPO Closing Date | July 31, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹640 to ₹675 per share |
| Market Lot | 22 shares |
| Minimum Investment | ₹14,850 (for 1 lot at upper price band) |
| Issue Size | ₹1,300 crore (Fresh: ₹500 Cr + OFS: ₹800 Cr) |
| Listing At | NSE, BSE |
IPO Timeline
| Event | Date |
|---|---|
| IPO Opens | July 29, 2025 |
| IPO Closes | July 31, 2025 |
| Basis of Allotment | August 1, 2025 |
| Refunds Initiated | August 4, 2025 |
| Shares Credited to Demat | August 5, 2025 |
| Listing Date | August 6, 2025 |
IPO Reservation
| Investor Category | Reservation % |
|---|---|
| Qualified Institutional Buyers (QIB) | 50% |
| Non-Institutional Investors (NII) | 15% |
| Retail Individual Investors (RII) | 35% |
Objects of the Issue
| S.No. | Purpose | Amount (₹ in Crore) |
|---|---|---|
| 1 | Prepayment/repayment of certain outstanding borrowings | ₹375.00 |
| 2 | General corporate purposes | Balance from fresh issue |
Company Overview: Aditya Infotech IPO
Dominating India’s Surveillance Landscape
Aditya Infotech Ltd. is one of India’s top players in the security and surveillance industry. Best known as the powerhouse behind the CP PLUS brand, the company provides a comprehensive range of solutions—spanning IP cameras, video recorders, access control systems, smart home devices, and advanced AI video analytics. Its clients include major players across banking, infrastructure, education, retail, and public safety sectors.
The company owns exclusive rights to the CP PLUS brand in India and key international markets since 2014. It also has distribution rights for global security brand Dahua Technology, making Aditya a dominant name in India’s growing surveillance ecosystem.
A Tech-Focused Growth Engine
Aditya Infotech isn’t just a distributor—it’s a full-fledged tech-driven solutions provider. Backed by a strong in-house R&D team, the company is actively developing AI-enabled cameras, smart biometric systems, IoT integrations, and cloud-based access solutions. These innovations power not just CP PLUS but also its rising second brand, OnVigil, which targets enterprise clients.
Its innovation-first approach ensures it’s not just keeping up with global surveillance trends—but setting them in India.
Nationwide Presence with Manufacturing Muscle
The company boasts a robust distribution footprint across 550+ cities, with:
- Over 1,000 distributors
- 2,100+ system integrators
- 69 exclusive CP PLUS Galaxy stores
Supporting this network is a state-of-the-art manufacturing facility in Kadapa, Andhra Pradesh, spread across 2 lakh sq. ft., with an annual production capacity of 17.2 million units. This facility helps reduce dependence on imports, improves margins, and strengthens its “Make in India” strategy.
Future-Ready and Self-Reliant
In 2024, Aditya made a strategic move by buying out Dixon Technologies’ stake in their joint manufacturing venture. This shift allows Aditya to have greater control over product design, cost efficiency, and R&D, while Dixon remains a key manufacturing partner.
Add to that the company’s continuous investment in training partners and installers, especially in Tier II and Tier III cities, and you have a brand that’s building not just tech—but an entire surveillance ecosystem across India.
Financial Performance of Aditya Infotech: A Rapid Growth Story
Before stepping into the public market, Aditya Infotech has already established a track record of strong and consistent financial growth. Over the past three years, the company has not only grown its revenues steadily but also multiplied its profits at an exceptional pace.
In FY25, the company reported a revenue of ₹31,118.72 million, marking a 16.71% CAGR over FY23. But the standout figure is the profit after tax (PAT), which soared from ₹1,083.11 million in FY23 to ₹3,513.69 million in FY25—an astounding CAGR of over 80%. These numbers hint at a company that has scaled operations while maintaining bottom-line strength.
Financial Snapshot (₹ in million)
| Particulars | FY23 | FY24 | FY25 | CAGR (%) |
|---|---|---|---|---|
| Revenue from operations | 22,845.47 | 27,824.26 | 31,118.72 | 16.71% |
| Profit Before Tax | 1,431.82 | 1,646.19 | 4,340.82 | 74.12% |
| Profit After Tax | 1,083.11 | 1,151.72 | 3,513.69 | 80.11% |
| EBITDA | 1,810.45 | 2,364.77 | 2,583.87 | 19.47% |
| Net Worth | 3,115.88 | 4,242.03 | 10,176.61 | 57.18% |
| Net Debt | 381.31 | 3,348.16 | 2,309.78 | – |
The company’s EBITDA and PAT figures suggest a high degree of operating leverage, and more importantly, a well-managed cost structure.
Key Financial Ratios of Aditya Infotech IPO
Beyond the raw numbers, Aditya Infotech’s key ratios tell the story of financial discipline and operational excellence. Here’s a look at how the company measures up on efficiency and profitability:
Key Ratios
| Ratio | FY23 | FY24 | FY25 |
|---|---|---|---|
| PAT Margin (%) | 4.72 | 4.12 | 11.25 |
| EBITDA Margin (%) | 7.89 | 8.46 | 8.27 |
| Return on Equity (RoE) (%) | 34.76 | 27.15 | 34.53 |
| Return on Capital Employed (%) | 23.07 | 23.57 | 33.27 |
| Debt to Equity Ratio | 1.31 | 0.96 | 0.41 |
| Net Working Capital (Days) | 38.14 | 39.92 | 36.99 |
These figures not only make a solid case for the company’s profitability but also show that Aditya Infotech is entering the IPO with reduced leverage, improved margins, and an impressive RoE—strong indicators that may appeal to both short-term investors and long-term believers in the Aditya Infotech IPO.
Valuation Overview: Is the Price Right?
Aditya Infotech’s IPO pricing indicates confidence in its future growth, but how does it fare on key valuation metrics?
IPO Valuation Metrics
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS (₹) | 32.00 | 29.98 |
| Price to Earnings | 21.09x | 22.52x |
| Price to Book Value | — | 7.06x |
With a post-IPO P/E of 22.52x, Aditya Infotech is priced at a moderate premium, which may seem justified considering its high RoE (72.79%) and consistent financial performance. The P/B of 7.06x indicates a valuation premium typical of fast-growing tech-driven consumer electronics firms.
Peer Comparison: How Does Aditya Infotech Stack Up?
To assess Aditya’s relative position in the global surveillance technology market, let’s compare it with both Indian and international peers. These include Prama Hikvision India, Dahua (China), Axis Communications (Sweden), Uniview (China), and smaller Indian player Samriddhi Automations.
Company Profile Overview
| Company Name | Brand | Founded | HQ | Core Products | Production in India | Exports |
|---|---|---|---|---|---|---|
| Aditya Infotech Ltd | CP Plus | 2007 | India | Cameras, Software | Yes (Kadapa, AP) | Limited |
| Zhejiang Dahua Technology | Dahua | 2001 | China | Surveillance suite | No | Yes |
| Prama Hikvision India | Prama Hikvision | 2009 | India | Security devices | Yes (Mumbai) | Yes |
| Samriddhi Automations | Sparsh | 2002 | India | Security systems | Yes (Haridwar etc.) | Yes |
| Axis Communications | Axis | 1984 | Sweden | Global security tech | No | Yes |
| Uniview | Uniview | 2005 | China | Surveillance tech | No | Yes |
Financial Comparison (FY24/25)
| Company | Revenue (INR Cr) | EBITDA (Cr) | PAT (Cr) | EBITDA Margin | PAT Margin | RoE (%) | RoCE (%) |
|---|---|---|---|---|---|---|---|
| Aditya Infotech | ₹3,123 | ₹258 | ₹103 | 8.27% | 3.29% | 72.79% | 53.14% |
| Dahua | ₹44,209 | ₹626 | ₹399 | 13.73% | 8.76% | 7.82% | 11.95% |
| Prama Hikvision | ₹2,909 | ₹616 | ₹231 | 20.71% | 7.78% | 49.66% | 69.65% |
| Samriddhi Automations | ₹271 | ₹14.5 | ₹4.7 | 5.36% | 1.73% | 15.79% | 14.95% |
| Axis Communications | ₹16,698 | NA | NA | NA | NA | NA | NA |
| Uniview | ₹8,513 | NA | NA | NA | NA | NA | NA |
Note: Conversion rates as of FY25 were used. Data sourced from Frost & Sullivan, RHP, and company filings.
Final Take on Valuation
While Aditya Infotech is not the largest in revenue among peers, its stellar RoE and RoCE make it a high-efficiency player, especially in the Indian market where local manufacturing gives it an edge. Its valuation looks reasonable compared to global peers when adjusted for margins and return ratios.
Aditya Infotech IPO GMP Update: Latest Grey Market Buzz
The grey market premium (GMP) for the Aditya Infotech IPO continues to reflect strong investor enthusiasm. As of July 24, 2025, the GMP remains stable and significantly above the IPO price, indicating robust expected listing gains.
Aditya Infotech IPO Day-wise GMP Trend
| Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit | GMP Movement |
|---|---|---|---|---|---|
| 24-Jul-2025 | ₹675.00 | ₹235 | ₹910 (34.81%) | ₹5,170 | No Change Today |
What This Means:
With a GMP of ₹235, the estimated listing price of ₹910 suggests a potential 34.81% gain over the issue price. This flat yet strong premium signals solid interest from grey market players and retail investors alike.
Conclusion: Should You Apply for the Aditya Infotech IPO?
The Aditya Infotech IPO offers a compelling opportunity for both short-term and long-term investors, backed by strong financial growth, market leadership, and healthy GMP signals. Here’s how you can strategize:
Short-Term Strategy – Listing Gains Look Promising
With a strong GMP of ₹235 and estimated listing price hovering around ₹910, short-term investors may consider applying for listing gains. The estimated 34% profit margin reflects high grey market interest, which often translates into a robust debut on the bourses.
Long-Term Strategy – Strong Fundamentals, Market Leader
If you’re looking beyond listing day, Aditya Infotech’s strong revenue CAGR (16.71%), PAT growth (80.11%), and dominant position in India’s surveillance market make it an attractive pick. Backed by the CP Plus brand and increasing demand for security solutions, it could deliver consistent returns over the years.
Allotment Strategy – Apply via Multiple Demat Accounts
Considering the strong retail and HNI interest, oversubscription is highly likely. To improve allotment chances:
- Apply under the retail category from multiple family Demat accounts.
- Use UPI-linked accounts with sufficient balance.
- Apply early to avoid last-hour glitches.
Aditya Infotech IPO FAQs
Q1. What is the Aditya Infotech IPO issue size?
The total issue size is ₹1,000 crore, entirely a fresh issue.
Q2. What is the Aditya Infotech IPO price band?
The IPO price band is ₹655 to ₹675 per share.
Q3. What are the Aditya Infotech IPO dates?
The IPO opens on July 25, 2025, and closes on July 29, 2025.
Q4. What is the minimum lot size for Aditya Infotech IPO?
Retail investors can apply for 22 shares per lot, requiring a minimum investment of ₹14,850 (at upper price band).
Q5. What is the GMP of Aditya Infotech IPO today?
As of July 24, 2025, the GMP is ₹235, indicating strong listing expectations.
Q6. What is Aditya Infotech’s listing date?
The shares are expected to be listed on August 1, 2025, on BSE and NSE.
Q7. What will the IPO proceeds be used for?
Funds will be used for repayment of borrowings and general corporate purposes.
Q8. Is Aditya Infotech a profitable company?
Yes, it reported a net profit of ₹102.73 crore in FY25 with a ROE of 72.79%.
Q9. Which brand is linked to Aditya Infotech?
Aditya Infotech is the parent company of CP Plus, India’s leading video surveillance brand.
Q10. Should I apply for Aditya Infotech IPO?
With strong financials, brand leadership, and healthy GMP, it’s attractive for both listing gains and long-term growth.
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