Aditya Infotech's IPO: A Blend of Fresh Issue and Offer for Sale

Aditya Infotech has filed with SEBI to raise Rs 1,300 crore through an IPO, featuring a mix of fresh issue and offer for sale. The funding includes Rs 500 crore from equity shares and Rs 800 crore from the promoters. Proceeds will mainly be used for debt repayment and corporate purposes.

Aditya Infotech has taken a significant step by filing preliminary papers with capital markets regulator SEBI to raise Rs 1,300 crore through an Initial Public Offering (IPO).

The IPO comprises a fresh issue of equity shares worth Rs 500 crore and an offer for sale of shares valued at Rs 800 crore by the promoters, according to draft papers submitted. The net proceeds from the fresh issue, amounting to Rs 375 crore, have been allocated primarily for the repayment of debt. A portion of the funds will also be utilized for general corporate purposes.

As of March 2024, the company had total borrowings amounting to Rs 405.45 crore. Aditya Infotech, under the 'CP PLUS' brand, offers a wide range of advanced video security and surveillance products, technologies, and solutions for both enterprise and consumer segments. Additionally, the company provides fully integrated security systems and security-as-a-service, accessible directly and through a distribution network. ICICI Securities and IIFL Securities are the appointed book running lead managers for the issue.

(With inputs from agencies.)