NSE listing ceremony for Aditya Infotech
On August 5, Aditya Infotech’s shares made a spectacular debut on the stock exchanges, trading at Rs 1,015 per on the NSE. This indicates a more than 50% premium over the Rs 675 IPO price per share.
During its three days of public bidding, the Rs 1,300-crore IPO of CCTV and security systems manufacturer Aditya Infotech attracted significant investor interest, with over 100 subscriptions made between July 29 and July 31 at prices between Rs 640 and Rs 675 each. The company’s first public offering included an offer for sale of Rs 800 crore by the Khemka family, the company’s promoters, and a new issue of shares valued at Rs 500 crore.
The Uttar Pradesh-based company received Rs 582.3 crore through the anchor book on July 28, one day before to the IPO opening for public bidding. In a filing to markets on Monday, Aditya Infotech announced that it has decided to allocate 86.26 lakh equity shares at a price of Rs 675 each to anchor investors. Notable names such as the Government of Singapore, Monetary Authority of Singapore, Goldman Sachs, Nomura Trust, Abu Dhabi Investment Authority, Allianz Global Investors, Eastspring Investments, and Manulife Global Fund were among the 54 institutional investors who took part in the anchor book.