Aditya Info strong listing

A new debutant today and despite the weak market, a very strong listing. Aditya Infotech, as against the IPO price of Rs.675 got listed on the BSE at Rs.1018 and rose to an intraday high at Rs.1049.85 and is currently trading around the same levels.

The IPO had met with a very good response – overall subscription was 100.69x with QIBs taking the lions share at 133x, HNIs at 72x and Retail at 51x.

Aditya Infotech is India’s largest video security and surveillance products and solutions company, with 21% market share, marketing products such as under ‘CP Plus’ brand. It sells products such as closed circuit television (CCTV) cameras, network video recorders (NVR), digital video recorders (DVR), pan-tilt-zoom (PTZ) cameras, primarilty in the domestic market.

Our conclusion in the IPO Analysis - Aditya Infotech’s IPO is attractive only for the long term, due to healthy industry growth rates, recent regulatory tailwinds and low retail float of 4% post-listing. Hence, apply only for the long term.