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Aditya Infotech IPO
Aditya Infotech Ltd
₹14,080 /22 sharesMinimum Investment
Aditya Infotech IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| BSE | ₹675.00 | ₹1,015.00 | ₹340.00 (50.37%) |
Aditya Infotech IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 29 Jul ‘25 - 31 Jul ‘25 | ₹14,080 | 22 | ₹640 - ₹675 |
| Issue Size | IPO Doc |
|---|---|
| 1300.00Cr | RHP PDF |
Subscription rate
As of 31 Jul'25, 04:00 PM
| Qualified Institutional Buyers | 73.13x |
| Non-Institutional Investor | 63.65x |
| Retail Individual Investor | 44.17x |
| Employees | 6.85x |
| Total | 64.74x |
About Aditya Infotech
Founded in
1995
Managing director
Mr Aditya Khemka
Parent organisation
Aditya Infotech Ltd
Aditya Infotech Ltd IPO
https://www.youtube.com/watch?v=bz5BnpYqkMg
Strengths & Financials of Aditya Infotech
Strengths
Risks
Aditya Infotech claims to be the largest Indian-owned player in the video security and surveillance market, with a 20.2 percent market share in FY24.
With operations spanning over 500 cities across India, Aditya Infotech claims to have the most extensive pan-India reach in the video surveillance market. It further states that it has a robust network of 800 distributors and over 2,200 system integrators, which strengthens its ability to cater to diverse customer segments, including the government and private sectors.
Aditya Infotech claims to have significant in-house manufacturing capacity, with a production facility in Kadapa, Andhra Pradesh, capable of producing 15.59 million units annually. The company also maintains an R&D facility in Noida, Uttar Pradesh, where it focuses on the development of cutting-edge surveillance technologies, such as AI-based analytics and IoT integration.
The company claims to serve a broad range of sectors, including banking, healthcare, defense, and law enforcement, with key clients such as Delhi Police and Madhya Pradesh Police. Aditya Infotech further states that it has maintained long-term relationships with its top customers, with many partnerships exceeding six years.
Aditya Infotech claims to have established strong partnerships with leading technology companies to augment its manufacturing and innovation capabilities. Notable collaborations include its exclusive distribution agreement with Dahua India and its joint venture with Dixon Technologies. The company states that these partnerships enable it to expand its product offerings, enhance technological expertise, and align with the ‘Make in India’ initiative, fostering local manufacturing of advanced surveillance products.
The company has received credit ratings of ‘CARE A- Stable’ for its long-term bank facilities and ‘CARE A-; Stable/CARE A2+’ for its long-term/short-term bank facilities by Care Edge.
The company is ISO 27001 certified for its information security management systems, ISO 9001 certified for its quality management systems, and ISO 14001 certified for its environmental management systems.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 1,646.21 crore in FY22 to Rs 2,284.55 crore in FY23 and Rs 2,782.43 crore in FY24. PAT increased from Rs 96.93 crore in FY22 to Rs 108.31 crore in FY23 and Rs 115.17 crore in FY24.
A significant portion of the company’s revenue is derived from its sale of closed-circuit television (CCTV) cameras, network video recorders (NVRs), digital video recorders (DVRs), and pan-tilt-zoom (PTZ) cameras. They accounted for Rs 2,195.80 crore (78.92 percent) of the company’s revenue in FY24, Rs 1,856.91 crore (81.28 percent) in FY23, and Rs 1,463.00 crore (88.87 percent) in FY22. Any decline in demand for these products or a change in consumer preferences could have an adverse effect on the company’s business, results of operations, cash flows, and financial condition.
The largest supplier accounted for Rs 1,112.83 crore (49.03 percent) of the company’s cost of materials consumed in FY24, Rs 935.39 crore (44.37 percent) in FY23, and Rs 758.58 crore (47.80 percent) in FY22. Any disruption in supplies from this supplier could adversely affect the company’s business and finances.
The company’s manufacturing facility is concentrated at one location - Andhra Pradesh. Any disruption in this region could be detrimental to the company’s operations and business prospects.
A significant portion of the company’s revenue is derived from the sale of products supplied by Dahua. It accounted for Rs 790.63 crore (28.41 percent) of the company’s revenue in FY24, Rs 732.74 crore (32.07 percent) in FY23, and Rs 561.21 crore (34.09 percent) in FY22. Any disruption in the supply of such products from Dahua at commercially viable terms, or a decline in the demand for such products, may adversely affect the company’s business.
The top five customers accounted for Rs 422.66 crore (15.19 percent) of the company’s revenue in FY24, Rs 311.46 crore (13.63 percent) in FY23, and Rs 325.91 crore (19.80 percent) in FY22. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
As of FY24, the company had trade receivables amounting to Rs 734.27 crore, representing 26.39 percent of the company’s revenue from operations. This is a sharp increase from Rs 614.96 crore (26.92 percent) in FY23 and Rs 524.93 crore (31.89 percent) in FY22. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company recorded negative cash flow from operating activities of Rs 180.40 crore in FY24. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The company, its directors, promoters, and subsidiaries are involved in certain ongoing legal proceedings, including criminal and tax-related cases. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of FY24, the company had contingent liabilities amounting to Rs 29.47 crore. If any of these contingent liabilities materialise, it could adversely affect the company’s financial condition.
The company’s business is impacted by seasonality, experiencing higher sales volumes in the fourth quarter. Any inability to address this fluctuation in demand could hurt its business.
As of June 30, 2024, the company had outstanding financial indebtedness amounting to Rs 416.51 crore. Any failure to service or repay these loans on time could harm the company’s operations and financial position.
Aditya Infotech Financials
*All values are in Rs. Cr
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Application Details of Aditya Infotech IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹640 - 675 | ₹2 Lakh |
| Employee | ₹580 - 615 | ₹2 Lakh |
| High Networth Individual | ₹640 - 675 | ₹2 - 5 Lakh |
For Aditya Infotech IPO, eligible investors can apply as Regular & Employee.