Aditya Infotech IPO Subscribed 3.72 Times So Far On Day Two—Check Latest GMP

The Rs 1,300-crore IPO comprises a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale of shares valued at Rs 800 crore.

CP Plus brand owner Aditya Infotech has set a price band of Rs 640 to Rs 675 per share for the IPO. (Image: Company Website)

Quick Read
Summary is AI Generated. Newsroom Reviewed

  • Aditya Infotech IPO was fully subscribed 2.05 times on its first day of bidding
  • The Rs 1,300 crore IPO includes Rs 500 crore fresh issue and Rs 800 crore offer-for-sale
  • IPO bidding closes on July 31, with shares priced between Rs 640 and Rs 675

Aditya Infotech Ltd.'s initial public offering is subscribed 3.72 times so far on its second day of bidding on Wednesday. The IPO was fully subscribed at 2.05 times on the first day of bidding on Tuesday, led by demand from retail and non-institutional investors.

The Rs 1,300-crore IPO comprises a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale of shares valued at Rs 800 crore. The bidding for the IPO will close on July 31. The bidding range is Rs 640 to Rs 675 per share.

Aditya Infotech will use about Rs 375 crore of the IPO proceeds to repay its outstanding borrowings. The remaining portion will be used for other general corporate purposes.

Investors can place bids starting from a minimum of 22 shares and in multiples thereafter.

Shares of Aditya Infotech are scheduled to be listed on the BSE and NSE on Aug. 5.

ICICI Securities Ltd., IIFL Capital Services Ltd. are the book-running lead managers for the public issue.

The company provides advanced video security and surveillance products, technologies, and solutions.

Also Read: Shanti Gold International IPO Allotment Status: Check Latest GMP, Listing Date And More

IPO Details

  • Issue opened: July 29.

  • Issue closes: July 31.

  • Issue price: Rs 640 to Rs 675.

  • Total issue size: Rs 1,300 crore.

  • Fresh issue: Rs 500 crore.

  • Offer for sale: Rs 800 crore.

  • Lot size: Minimum 22 shares.

Subscription Status: Day Two

The Aditya Infotech IPO has been subscribed 3.72 times as of 11:54 a.m. on Wednesday.

  • Qualified Institutions: 0.02 times or 2%.

  • Non-Institutional Buyers: 5.71 times.

  • Retail Investors: 11.93 times.

  • Portion reserved for employees: 2.11 times.

IPO GMP

The grey market premium for Aditya Infotech IPO rose to Rs 281 as of 8:32 a.m. on July 30, according to InvestorGain. That implies a potential premium listing around Rs 956 per share, indicating a 41.63% gain over the upper price band.

GMP or grey market price is not an official indicator and is based on market speculation.

Also Read: NSDL IPO Live Updates: Issue Fully Subscribed On Day One; Sri Lotus Developers Overbooked Two Times

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
WRITTEN BY
Shreya Sur
Shreya covers trending stories, business news and political news at NDTV Pr... more
GET REGULAR UPDATES