Ahead of IPO, Aditya Infotech mobilises Rs 582 cr from anchor investors
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.
The Rs 1,300-crore initial public offering (IPO) will open for subscription on July 29 and conclude on July 31. The price band has been set at Rs 640-675 per share.
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 Rs 800 crore by promoters.
Proceeds from the fresh to the tune of Rs 375 crore have been earmarked for payment of debt while a portion will be used for general corporate purposes.
As of March 2024, the company's total borrowings stood around Rs 405 crore, according to its draft papers.
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. PTI SP TRB
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments
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July 28, 2025, 22:15 IST
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