Aditya Infotech's Rs 1,300-crore IPO opens next Tuesday at Rs 640-675 price band per share

Domestic manufacturer of CCTV cameras, Aditya Infotech has announced the price band for its Rs 1,300-crore IPO. The issue will open for public subscription on July 29 at Rs 640-675/per share.

The Rs 1,300-crore issue comprises fresh issue of Rs 500 crore and an offer for sale worth Rs 800 crore by selling shareholders. The promoter shareholders who are selling in the OFS are Aditya Khemka (Rs 524 crore) Ananmay Khemka (Rs 12.3 crore), Rishi Khemka (Rs 200 crore), Hari Shankar Khemka (Rs 42.64 crore), Shradha Khemka (Rs 19.9 crore) and Aditya Khemka (Rs 1.15 crore).

The company manufactures CCTV cameras, both analog and digital, with a 1.5 million annual capacities at its Kadappa, Andhra Pradesh plant.  It sells its product under the label of CP Plus and has emerged as the market leader among domestic players by a wide margin in a Rs 15,000 crore market of around 40 million units.

Aditya Infotech is increasing its installed capacity to 2.5 million in two phases ending Q1FY27—the first half will see a million going onstream by the end of the next quarter and the second half will see a million getting commissioned by the first quarter of the next fiscal.

Significantly, Dixon Technologies, which had a 50% stake in Aditya earlier but was bought out recently will not participate in the OFS and will retain its 6.5% stake in the company post issue.