Aditya Infotech shares make strong market debut, close 61% higher than IPO price on listing day

Aditya Infotech listing ceremony at NSE

The shares of Aditya Infotech made a strong debut on the stock markets on August 5, listing at Rs 1,015 apiece on NSE. This implies a premium of more than 50 percent over the IPO price of Rs 675 apiece.

After the strong market debut, the shares surged nearly 7 percent on listing day to close at Rs 1,085 apiece on NSE. The stock is currently nearly 61 percent higher than IPO price. Its market capitalisation post trading on debut day stands at Rs 12,719 crore.

On BSE, the shares listed with a higher premium of nearly 51 percent over the IPO price at Rs 1,018 apiece. The shares then gained over 6 percent to close at Rs 1,084 apiece, nearly 61 percent higher than IPO price.

The listing premium has beaten grey market estimates. Ahead of listing, the unlisted shares of the company were trading with more than 45 percent GMP over the IPO price at Rs 980 apiece, according to data on Investorgain.

The Rs 1,300-crore initial public offering of CCTV and security products maker Aditya Infotech saw strong investor interest during its three days of public bidding, being subscribed more than 100 times between July 29 to July 31 at a price band of Rs 640-675 apiece. The maiden public issue of the company comprised a fresh issue of shares worth Rs 500 crore, and an offer-for-sale of Rs 800 crore by the firm's promoters, the Khemka family.

A day before the IPO opened for public bidding, the Uttar Pradesh-based company raised Rs 582.3 crore via anchor book on July 28. Aditya Infotech in a filing to exchanges on Monday said it has finalised allocation of 86.26 lakh equity shares to anchor investors at Rs 675 per share. A total of 54 institutional investors participated in the anchor book, which included marquee names like Government of Singapore, Monetary Authority of Singapore, Goldman Sachs, Nomura Trust, Abu Dhabi Investment Authority, Allianz Global Investors, Eastspring Investments, and Manulife Global Fund.

The company is set to reduce its debt by Rs 375 crore through the fresh issue proceeds. And the remainder IPO funds will be used for general corporate purposes. "As of May 2025, the total outstanding borrowings amounted to Rs 422.8 crore," the company said.

ICICI Securities, and IIFL Capital were acting as the book running lead managers for the Aditya Infotech IPO.

While the IPO was closely watched due to the company's market leadership and strong revenue base, some caution arises from the concentrated promoter control and niche business model, says Jickson Sajee, Research Analyst, INVasset PMS. "While grey market activity shows a premium of ₹200+, implying healthy initial interest, long-term valuation will depend on execution and broader demand trends in security infrastructure," Sajee added.

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