Latest news with #BhavikJoshi
Mint
7 days ago
- Business
- Mint
Aditya Infotech Share Price Live Updates: GMP, experts hint solid debut of shares
Aditya Infotech Share Price Live Updates: Shares of Aditya Infotech Ltd will make its debut in the Indian stock market today. Aditya Infotech IPO listing is scheduled at 10:00 IST on the bourses today (Tuesday, August 5). Aditya Infotech shares will be a part of Special Pre-open Session (SPOS), as per BSE notice. Experts predicted that the Aditya Infotech IPO expected listing price is likely to see solid gains compared to its issue price. Aditya Infotech IPO allotment status was finalised on Friday, August 1. Aditya Infotech IPO opened for subscription on Tuesday, July 29 and closed on Thursday, July 31. Aditya Infotech IPO subscription status on the last bidding day was 100.69 times. The company fixed a price band of ₹ 640 to ₹ 675 per share for its IPO. Aditya Infotech provides a wide array of cutting-edge video security and surveillance products, technologies, and solutions for both enterprise and consumer markets under the 'CP Plus' brand. Moreover, the company delivers solutions and services like fully integrated security systems and security-as-a-service, both directly and through its distribution network. (Stay tuned for more updates) Follow updates here: 05 Aug 2025, 09:00 AM IST According to Bhavik Joshi Business Head, INVasset PMS, Aditya Infotech's pre-listing positioning captures the convergence of two major structural trends — India's digital infrastructure push and the rising need for integrated surveillance, security, and smart system solutions across sectors. As one of the leading distribution players in the security and surveillance space, the company stands at the heart of India's hardware-software integration wave. Its strong channel network across more than 600 cities, combined with partnerships with global OEMs in surveillance, access control, and networking equipment, reflects not just scale but depth of domain expertise. This distribution-led model, paired with growing demand from government, industrial, and enterprise verticals, makes it a key beneficiary of India's smart city programs, data center expansion, and compliance-driven security adoption. The listing also aligns with renewed public market interest in digital infra enablers — especially those with a physical asset layer and real revenue visibility. While the company's historical growth has been robust, post-IPO scrutiny will revolve around margin consistency, working capital efficiency, and its ability to move up the value chain — possibly into integrated solutions or analytics-driven offerings. As the narrative shifts from 'tech startups' to 'tech enablers' with profitability and reach, Aditya Infotech's story finds relevance. It offers investors exposure to India's underpenetrated yet high-growth B2B tech supply chain — one that supports the digital backbone of sectors from BFSI to logistics to retail. Execution, not just expansion, will define its post-listing trajectory. 05 Aug 2025, 08:50 AM IST Aditya Infotech IPO grey market premium is +305. This indicates Aditya Infotech share price was trading at a premium of ₹ 305 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Aditya Infotech share price was indicated at ₹ 980 apiece, which is 45.19% higher than the IPO price of ₹ 675. According to grey market activities from the last 13 sessions, today's IPO GMP is showing an upward trend and is anticipated to have a solid listing. The minimum GMP recorded is ₹ 210.00, while the maximum GMP reaches ₹ 310, as per experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Mint
7 days ago
- Business
- Mint
Aditya Infotech IPO listing date today. GMP, experts signal strong debut of shares in stock market today
Aditya Infotech IPO Listing: Aditya Infotech shares are set to make their debut in the Indian stock market today. Aditya Infotech IPO listing date is today, 5 August 2025, Tuesday. The initial public offering (IPO) of the video security and surveillance products company ended on July 31 with stellar subscription. Aditya Infotech IPO listing date is today, and the equity shares of the company will be listed on both the stock exchanges, BSE and NSE. 'Trading Members of the Exchange are hereby informed that effective from Tuesday, August 5, 2025, the equity shares of Aditya Infotech Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities,' a notice on the BSE said. Aditya Infotech shares will be a part of Special Pre-open Session (SPOS) on Tuesday, August 5, 2025, it added, and the stock will be available for trading from 10:00 AM. Ahead of the Aditya Infotech IPO listing today, investors analyse the trends in the grey market premium (GMP) in order to gauge the estimated listing price of the shares. Aditya Infotech IPO GMP today and experts signal a strong debut of shares on Dalal Street. The trends for Aditya Infotech shares in the unlisted market remains bullish with a strong grey market premium (GMP). Market observers said Aditya Infotech IPO GMP today is ₹ 305 per share. This means that in the grey market, Aditya Infotech shares are trading higher by ₹ 300 than their issue price. Aditya Infotech IPO GMP today signals that the stock is available at a premium of 45% to the issue price in the grey market. Aditya Infotech IPO GMP today suggests that the estimated listing price of Aditya Infotech shares would be ₹ 980 apiece, which is at a 45.2% premium to the IPO price of ₹ 675 per share. 'Aditya Infotech's pre-listing positioning captures the convergence of two major structural trends - India's digital infrastructure push and the rising need for integrated surveillance, security, and smart system solutions across sectors. As one of the leading distribution players in the security and surveillance space, the company stands at the heart of India's hardware-software integration wave,' said Bhavik Joshi Business Head, INVasset PMS. The listing also aligns with renewed public market interest in digital infra enablers — especially those with a physical asset layer and real revenue visibility. While the company's historical growth has been robust, post-IPO scrutiny will revolve around margin consistency, working capital efficiency, and its ability to move up the value chain — possibly into integrated solutions or analytics-driven offerings, Joshi added. Aditya Infotech IPO was open for subscription from July 29 to July 31. The IPO allotment date was 1 August 2025, and Aditya Infotech IPO listing date is today, August 5. Aditya Infotech IPO shares will be listed on BSE and NSE. Aditya Infotech IPO price band was fixed at ₹ 675 per share, and the company raised ₹ 1,300 crore from the public issue which was a combination of fresh issue of 74.07 lakh equity shares worth ₹ 500 crore, and offer-for-sale (OFS) of 1.19 crore shares aggregating to ₹ 800 crore. Aditya Infotech IPO was subscribed by 100.69 times. The retail investors segment received 50.87 times subscription and the Non Institutional Investors (NII) category was booked 72 times. The Qualified Institutional Buyers (QIBs) category was subscribed 133.21 times, NSE data showed. ICICI Securities is the book-running lead manager, while MUFG Intime India (Link Intime) is the Aditya Infotech IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India Today
29-07-2025
- Business
- India Today
Laxmi India Finance IPO open for bidding: Should you subscribe? Check details
Laxmi India Finance Limited opened its initial public offering (IPO) for bidding on Tuesday, July 29, with plans to raise Rs 254.26 crore. The IPO includes a fresh issue of 1.05 crore shares worth Rs 165.17 crore and an offer for sale of 56 lakh shares worth Rs 89.09 IPO will remain open for bidding till Thursday, July 31, 2025. The company has fixed the price band for the issue at Rs 150 to Rs 158 per retail investor can apply for a minimum of one lot, which consists of 94 shares, requiring an investment of Rs 14,100. For small non-institutional investors (sNII), the minimum application size is 14 lots (1,316 shares), costing Rs 2,07,928. For big non-institutional investors (bNII), the lot size is 68 lots (6,392 shares), amounting to Rs 10,09,936. PL Capital Markets Private Limited is the book-running lead manager, and MUFG Intime India Private Limited (Link Intime) is the registrar for the India Finance Limited (LIFL) is a non-banking financial company (NBFC) that focuses on providing loans to small businesses, self-employed individuals, and underserved customers. It has been working in the MSME segment, which is often seen as a key part of India's growing formal YOU SUBSCRIBE?Bajaj Broking has given a 'Subscribe for Long Term' its IPO note, the brokerage said, 'LIFL is focused on serving the financial needs of underserved customers and MSMEs. Over the last three financial years, the company has posted steady growth in revenue and profits.'LIFL reported a total income and net profit of Rs 130.67 crore and Rs 15.97 crore in FY23, Rs 175.02 crore and Rs 22.47 crore in FY24, and Rs 248.04 crore and Rs 36.01 crore in FY25. The company also posted an average earnings per share (EPS) of Rs 7.26 and return on net worth (RoNW) of 14.01% over the same period. Based on FY25 earnings, the issue is priced at a price-to-earnings (P/E) ratio of 22.93, and based on FY24, the P/E works out to some experts have raised concerns around the high valuation. Bhavik Joshi, Business Head at INVasset PMS, said, 'The issue's pricing at 22.93 times FY25 earnings and 1.95 times post-issue book value appears high when compared with similar companies, most of which trade at lower valuations.'He added, 'While the company's return ratios are healthy—3% return on assets (RoA) and 15.66% RoNW in FY25—there is not a large margin of safety at these levels. NBFCs in general are facing pressure from tighter rules and concerns around asset quality. So, investors should be selective and not rush in.'WHAT THE GREY MARKET SAYSadvertisementThe grey market premium (GMP) for Laxmi India Finance IPO was Rs 9 as of 8:02 AM on July 29. Based on the cap price of Rs 158 per share, the expected listing price is Rs 167, suggesting a possible listing gain of around 5.70%.The allotment of shares is expected to be finalised on Friday, August 1, 2025. If allotted, the shares will be credited to investors' demat accounts ahead of the tentative listing date, which is set for Tuesday, August 5, 2025. The shares will be listed on both BSE and NSE.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
Economic Times
19-07-2025
- Business
- Economic Times
NSDL nears listing deadline: How does the institutional giant measure up to CDSL's retail surge?
THE ECONOMIC TIMES NSDL is expected to start taking investor orders as early as next week, with the issue size scaled back to 5.01 crore shares from an earlier proposed 5.73 crore. As India's largest depository heads for a SEBI-mandated IPO by July 31, investor focus sharpens on how NSDL compares to its listed peer CDSL, whose stock has surged 44% over the past Securities Depository Ltd (NSDL), the country's oldest and largest depository by value of assets under custody, is nearing its much-anticipated stock market debut, with Securities and Exchange Board of India (Sebi) mandating a listing by the end of while investors await clarity on the final date, comparisons with its nimbler rival Central Depository Services Ltd (CDSL) have come into sharp focus, especially after NSDL's unlisted shares corrected nearly 20% from their 52-week highs, even as CDSL's listed stock rallied 45% over the past 12 months. According to Bloomberg, NSDL is expected to start taking investor orders as early as next week, with the issue size scaled back to 5.01 crore shares from an earlier proposed 5.73 crore. The IPO, which may raise up to $500 million, will be an entirely offer-for-sale (OFS) issue from shareholders including IDBI Bank, the National Stock Exchange of India, and State Bank of India. NSDL will not receive any proceeds from the IPO. 'The NSDL–CDSL divergence is a textbook case of differing business models and market positioning,' said Bhavik Joshi, Business Head at INVasset PMS. 'NSDL's core strength lies in its institutional dominance — with over 89% of India's demat asset value under custody, and deep integration with mutual funds, insurance firms, and government securities.' Joshi said, 'It also holds a strong presence in the unlisted and pre-IPO ecosystem, which is poised for regulatory tailwinds as private market infrastructure evolves.'CDSL, by contrast, has emerged as a retail powerhouse, especially during the recent bull run. 'CDSL has emerged as the poster child for India's retail financialization. Its nimble tech stack, competitive pricing, and rapid onboarding have led to a dominant share of retail demat accounts,' said Joshi. 'Investors must distinguish between depth and breadth… CDSL, though more retail-centric and cyclical, may offer stronger operating leverage in upcycles.' NSDL leads across several institutional metrics. As of December 31, 2024, it had 64,535 issuers, more than double CDSL's 31,557. It also had 63,542 DP Service Centres (DPSCs), compared to 17,883 for CDSL. NSDL continues to dominate in the unlisted space as well, with 53,169 unlisted companies on its platform, versus 21,295 for contrast, CDSL's strength lies in the number of demat accounts held, 14.65 crore as of December 2024, far outpacing NSDL's 3.88 crore. While CDSL holds more accounts, NSDL's custody value per account is significantly higher, averaging Rs 1.25 crore per account versus Rs 5 lakh for the unlisted market, NSDL shares have fallen from Rs 1,275 to around Rs 1,025 in recent weeks. 'The correction in NSDL's unlisted share price ahead of its IPO reflects recalibration rather than structural weakness,' said Joshi. 'It is not uncommon for pre-IPO valuations to adjust in response to listed peer benchmarks, changing market risk appetite, and revised growth expectations.''In NSDL's case, the re-pricing seems driven by three forces: softening investor expectations post-listing euphoria in CDSL, macro-level de-rating in tech-led financial infrastructure names, and the absence of a fresh primary capital infusion to signal near-term growth acceleration,' Joshi he believes the long-term outlook remains solid. 'If the IPO is priced conservatively relative to CDSL's current valuations, the drawdown may serve to reset expectations — not undermine fundamentals.'The IPO being entirely an OFS has also prompted questions about promoter intent. 'An IPO structured entirely as an Offer for Sale (OFS) naturally raises questions about promoter conviction and reinvestment intent,' Joshi said. 'While this doesn't inherently signal a lack of faith, it does alter the narrative.''NSDL is a cash-generating business with a long runway of regulatory and ecosystem-driven tailwinds. Its growth does not necessarily hinge on capital infusion,' he noted. However, in the absence of new capital, 'the spotlight shifts to governance quality, operating leverage, and dividend policy.' NSDL has already informed shareholders that all pre-IPO equity shares will be locked in starting July 18, in line with Sebi norms. MUFG Intime India has been appointed as registrar, and ICICI Securities, Axis Capital, HSBC Holdings, and IDBI Capital are lead managers to the issue. CDSL's meteoric rise has raised concerns about whether valuations have overshot fundamentals. 'CDSL's rally over the past year mirrors the broader surge in retail market activity, a secular rise in demat account openings, and expanding use-cases for depositories across asset classes,' said he cautioned, 'A large part of CDSL's revenues remains market-linked — from corporate actions, transactions, and float income — all of which are susceptible to market cycles.''If the current rally is pricing in uninterrupted volume growth, record IPO flows, and a persistently bullish retail environment, then there is risk of overextension,' he said. Still, long-term structural drivers remain intact, including SEBI's push for dematerialisation and broader digital beyond the listing, the medium-term growth opportunity for both depositories lies in expanding into new asset classes.'The next phase of growth for depositories lies beyond equity markets,' said Joshi. 'Medium-term opportunities include dematerialisation of insurance policies, educational certificates, sovereign gold bonds, and even tokenised assets.'CDSL is likely to benefit more from the ongoing expansion of the retail investor base, thanks to its quicker onboarding processes, wider integration with partners, and flexible tech architecture. NSDL, on the other hand, is better positioned to lead on the institutional front, particularly in managing complex asset classes and large-scale recordkeeping, owing to its long-standing relationships and institutional expertise, according to Joshi. Also read | NSDL IPO set to open soon: Unlisted share price down 20% from peak. Here are 7 things to watch out for 'While CDSL has the retail velocity and brand recall, NSDL brings depth, trust, and compliance strength,' Joshi said. 'The growth runway is large enough for both to scale — but the market will reward whoever leads the transition from compliance infrastructure to financial infrastructure utility.' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
19-07-2025
- Business
- Time of India
NSDL nears listing deadline: How does the institutional giant measure up to CDSL's retail surge?
As India's largest depository heads for a SEBI-mandated IPO by July 31, investor focus sharpens on how NSDL compares to its listed peer CDSL, whose stock has surged 44% over the past year. National Securities Depository Ltd (NSDL), the country's oldest and largest depository by value of assets under custody, is nearing its much-anticipated stock market debut, with Securities and Exchange Board of India (Sebi) mandating a listing by the end of July. Explore courses from Top Institutes in Select a Course Category Design Thinking Healthcare Degree MCA Data Analytics Others Product Management Artificial Intelligence healthcare Leadership Data Science Project Management CXO others PGDM Management Data Science Operations Management Finance Cybersecurity Public Policy MBA Technology Digital Marketing Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details But while investors await clarity on the final date, comparisons with its nimbler rival Central Depository Services Ltd (CDSL) have come into sharp focus, especially after NSDL's unlisted shares corrected nearly 20% from their 52-week highs, even as CDSL's listed stock rallied 45% over the past 12 months. According to Bloomberg, NSDL is expected to start taking investor orders as early as next week, with the issue size scaled back to 5.01 crore shares from an earlier proposed 5.73 crore. The IPO, which may raise up to $500 million, will be an entirely offer-for-sale (OFS) issue from shareholders including IDBI Bank , the National Stock Exchange of India, and State Bank of India . NSDL will not receive any proceeds from the IPO. Institutional depth vs retail velocity 'The NSDL–CDSL divergence is a textbook case of differing business models and market positioning,' said Bhavik Joshi, Business Head at INVasset PMS. 'NSDL's core strength lies in its institutional dominance — with over 89% of India's demat asset value under custody, and deep integration with mutual funds, insurance firms, and government securities.' Joshi said, 'It also holds a strong presence in the unlisted and pre-IPO ecosystem, which is poised for regulatory tailwinds as private market infrastructure evolves.' CDSL, by contrast, has emerged as a retail powerhouse, especially during the recent bull run. 'CDSL has emerged as the poster child for India's retail financialization. Its nimble tech stack, competitive pricing, and rapid onboarding have led to a dominant share of retail demat accounts,' said Joshi. 'Investors must distinguish between depth and breadth… CDSL, though more retail-centric and cyclical, may offer stronger operating leverage in upcycles.' NSDL leads in value, CDSL in volume NSDL leads across several institutional metrics. As of December 31, 2024, it had 64,535 issuers, more than double CDSL's 31,557. It also had 63,542 DP Service Centres (DPSCs), compared to 17,883 for CDSL. NSDL continues to dominate in the unlisted space as well, with 53,169 unlisted companies on its platform, versus 21,295 for CDSL. In contrast, CDSL's strength lies in the number of demat accounts held, 14.65 crore as of December 2024, far outpacing NSDL's 3.88 crore. While CDSL holds more accounts, NSDL's custody value per account is significantly higher, averaging Rs 1.25 crore per account versus Rs 5 lakh for CDSL. Unlisted market cools ahead of listing In the unlisted market, NSDL shares have fallen from Rs 1,275 to around Rs 1,025 in recent weeks. 'The correction in NSDL's unlisted share price ahead of its IPO reflects recalibration rather than structural weakness,' said Joshi. 'It is not uncommon for pre-IPO valuations to adjust in response to listed peer benchmarks, changing market risk appetite, and revised growth expectations.' 'In NSDL's case, the re-pricing seems driven by three forces: softening investor expectations post-listing euphoria in CDSL, macro-level de-rating in tech-led financial infrastructure names, and the absence of a fresh primary capital infusion to signal near-term growth acceleration,' Joshi explained. Still, he believes the long-term outlook remains solid. 'If the IPO is priced conservatively relative to CDSL's current valuations, the drawdown may serve to reset expectations — not undermine fundamentals.' Entirely an OFS: no fresh capital The IPO being entirely an OFS has also prompted questions about promoter intent. 'An IPO structured entirely as an Offer for Sale (OFS) naturally raises questions about promoter conviction and reinvestment intent,' Joshi said. 'While this doesn't inherently signal a lack of faith, it does alter the narrative.' 'NSDL is a cash-generating business with a long runway of regulatory and ecosystem-driven tailwinds. Its growth does not necessarily hinge on capital infusion,' he noted. However, in the absence of new capital, 'the spotlight shifts to governance quality, operating leverage, and dividend policy.' NSDL has already informed shareholders that all pre-IPO equity shares will be locked in starting July 18, in line with Sebi norms. MUFG Intime India has been appointed as registrar, and ICICI Securities, Axis Capital, HSBC Holdings , and IDBI Capital are lead managers to the issue. CDSL rally: overdone or justified? CDSL's meteoric rise has raised concerns about whether valuations have overshot fundamentals. 'CDSL's rally over the past year mirrors the broader surge in retail market activity, a secular rise in demat account openings, and expanding use-cases for depositories across asset classes,' said Joshi. But he cautioned, 'A large part of CDSL's revenues remains market-linked — from corporate actions, transactions, and float income — all of which are susceptible to market cycles.' 'If the current rally is pricing in uninterrupted volume growth, record IPO flows, and a persistently bullish retail environment, then there is risk of overextension,' he said. Still, long-term structural drivers remain intact, including SEBI's push for dematerialisation and broader digital adoption. Who's better positioned for what comes next? Looking beyond the listing, the medium-term growth opportunity for both depositories lies in expanding into new asset classes. 'The next phase of growth for depositories lies beyond equity markets,' said Joshi. 'Medium-term opportunities include dematerialisation of insurance policies, educational certificates, sovereign gold bonds, and even tokenised assets.' CDSL is likely to benefit more from the ongoing expansion of the retail investor base, thanks to its quicker onboarding processes, wider integration with partners, and flexible tech architecture. NSDL, on the other hand, is better positioned to lead on the institutional front, particularly in managing complex asset classes and large-scale recordkeeping, owing to its long-standing relationships and institutional expertise, according to Joshi. Also read | NSDL IPO set to open soon: Unlisted share price down 20% from peak. Here are 7 things to watch out for 'While CDSL has the retail velocity and brand recall, NSDL brings depth, trust, and compliance strength,' Joshi said. 'The growth runway is large enough for both to scale — but the market will reward whoever leads the transition from compliance infrastructure to financial infrastructure utility.' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
