Aditya Infotech files DRHP for ₹1300 crore IPO

2 Oct 2024 , 09:20 PM

India’s one of the leading advanced video security and surveillance solutions provider, Aditya Infotech has filed its IPO papers with SEBI to raise around ₹1,300 crore. As per DRHP, the public offer comprises a fresh issue of equity shares worth ₹500 crore and an offer-for-sale (OFS) of ₹800 crore. The promoters of the company are offloading their shares through this IPO.

As per the exchanges filing, the company will use net proceeds from the IPO towards debt repayment as well as for general corporate purposes. As of March 2024, the company had total borrowings amounting to ₹405.45 crore.

Under the CO Plus brand name, Aditya Infotech offers a wide range of cutting-edge video security and surveillance products, offering its products to both enterprise and consumer markets. In addition, the company provides fully integrated security systems and security-as-a-service, either directly or via its distribution network.

The IPO will be managed by ICICI Securities and IIFL Capital Services.