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The GMP of the Aditya Infotech IPO, which received a huge subscription at 106.23x, stands at 44.89%, indicating strong listing gains.
Aditya Infotech IPO GMP.
Aditya Infotech IPO Allotment Date, Listing Date & GMP: The basis of allotment of the Aditya Infotech IPO, which was closed on Thursday, has been finalised today, Friday, August 1. Investors can check the IPO allotment status on the websites of BSE, NSE or registrar link Intime. The GMP of the IPO, which received a huge subscription at 106.23x, stands at 44.89%, indicating strong listing gains.
Aditya Infotech offers video security and surveillance products under ‘CP Plus’ brand. The price band of the mainboard IPO, which plans to raise Rs 1,300 crore, was fixed in the range of Rs 640 to Rs 675 apiece. On the final day of bidding on Thursday, the issue received a 106.23 times subscription, garnering bids for 1,13,04,01,778 shares as against the 1,06,41,266 shares on offer. The retail and NII participation stood at 53.81x and 75.93x, respectively. The QIB category has received a 140.50x subscription.
Aditya Infotech IPO: A Step-By-Step Guide To Check Allotment Status
The Aditya Infotech IPO allotment will most likely take place in the evening today, Friday, August 1. Once finalised, the allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Aditya Infotech Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
Via Link Intime’s Portal
You can also visit directly on the registrar Link Intime’s portal — https://in.mpms.mufg.com/Initial_Offer/public-issues.html and check the Aditya Infotech IPO allotment status.
Via NSE’s Website
The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Aditya Infotech IPO Listing Date
The shares of Aditya Infotech Ltd will be listed on both BSE and NSE on Tuesday, August 5.
Aditya Infotech IPO GMP Today
According to market observers, unlisted shares of Aditya Infotech Ltd are currently trading at Rs 978 against the upper IPO price of Rs 675. It means a grey market premium or GMP of Rs 303, which is 44.89% over its issue price, indicating strong listing gains.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Aditya Infotech IPO: More Info
The company’s IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer For Sale (OFS) of shares valued at Rs 800 crore by promoters.
Proceeds from the fresh issue to the tune of Rs 375 crore have been earmarked for payment of debt, and besides, a portion will be used for general corporate purposes.
This anchor portion witnessed participation from domestic and foreign institutional investors, including Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority, according to a circular uploaded on the BSE website.
As per the circular, Aditya Infotech has allotted 86.26 lakh equity shares to 54 funds at Rs 675 apiece. This aggregates the transaction size to Rs 582.3 crore.
As of March 2024, the company’s total borrowings stood at around Rs 405 crore, according to its draft papers.
Aditya Infotech offers a comprehensive range of advanced video security and surveillance products, technologies and solutions for enterprise and consumer segments under ‘CP Plus’ brand.
In addition, the company offers solutions and services such as fully integrated security systems and security-as-a-service directly and through its distribution network.
The company announced that 75 per cent of the offer size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per for retail investors.
ICICI Securities and IIFL Securities are the book-running lead managers to the issue. Aditya Infotech is expected to list on the bourses on August 5.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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