Summary of this article
Aditya Infotech IPO GMP on July 29 is around its highest level indicating a strong investor interest in the public issue and a decent D-street debut. The public issue of Aditya Infotech is now open for subscription and retail investors can apply for the issue by bidding for a minimum of 1 lot consisting of 22 shares.
Aditya Infotech IPO: Aditya Infotech IPO has opened for subscription today, July 29. The subscription window for the public issue is scheduled to close on July 31. Here’s a look at the Grey Market Premium (GMP), important dates, offer size, price band and other key details of the public issue:
Aditya Infotech IPO GMP Today
On July 29 the GMP for Aditya Infotech shares was trending around Rs 255 per share according to various websites that track grey market activity of IPO-bound stocks. In the last six sessions the GMP for Aditya Infotech shares has ranged between Rs 210 to Rs 255. At the upper limit of the price band for the public issue of Rs 675 the estimated listing pricing basis the Grey Market Premium (GMP) is Rs 930 (Rs 675 + Rs 255).
GMP is the additional amount of money which primary market investors are willing to pay for unlisted shares of a company. GMP is one of the many factors which can potentially influence how a stock will list on the exchanges. However, it is not the only factor which can determine how a stock will list on the exchanges and investors should look at factors other than the GMP before applying for a public issue.
Aditya Infotech Offer Size
Aditya Infotech seeks to raise Rs 1,300 crore through a fresh issuance of 74 lakh shares amounting to Rs 500 crore and an offer-for-sale of 1.19 crore shares amounting to Rs 800 crore. The promoters of the company, Hari Shanker Khemka, Aditya Khemka, Ananmay Khemka and Hari Khemka Business Family Trust, will pare their stake in the public issue, and their shareholding will reduce to 76.7 per cent.
Aditya Infotech IPO Price Band
Aditya Infotech IPO price band has been set between Rs 640 to Rs 675 per share. Retail Individual Investors (RIIs) can bid for a minimum lot size of 22 shares by making a minimum investment of Rs 14,080. The minimum lot size for Small Non-Institutional Investors (SNIs) and Big Institutional Investors has been fixed at 14 lots and 68 lots, respectively. The minimum investment amounts for sNIIs and bNIIs are Rs 2,07,900 and Rs 10,09,800, respectively.
Aditya Infotech IPO Key Dates
Aditya Infotech IPO’s three-day bidding window will close on July 31. The share allotment status of Aditya Infotech IPO is likely to be decided by August 1. Once the share allotment process for Aditya Infotech IPO is completed, refunds will be initiated for unsuccessful bidders on August 4 and shares of Aditya Infotech will be credited into the demat accounts of successful borrowers on the same day. The tentative listing date for Aditya Infotech IPO is August 5. Shares of Aditya Infotech will list on the NSE and BSE.
Aditya Infotech IPO: Objective
Aditya Infotech plans to use as much as Rs 375 crore out of the total money raised via the public issue for prepayment or repayment of its outstanding borrowings. Aditya Infotech will also utilise a part of the money raised via public issues to fulfill general corporate purposes.
About Aditya Infotech
Aditya Infotech Limited (AIL) is a maker of security and surveillance products. The company retails its products under the name CP Plus. As of FY25, the company had a presence in 550 cities and towns and offered 2986 stock-keeping Units (SKUs).
