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Aditya Infotech IPO subscribed 78% on Day 1; should you apply? Check GMP, review, and more
Aditya Infotech IPO subscribed 78% on Day 1; should you apply? Check GMP, review, and more

Time of India

time29-07-2025

  • Business
  • Time of India

Aditya Infotech IPO subscribed 78% on Day 1; should you apply? Check GMP, review, and more

Aditya Infotech 's Rs 1,300 crore Initial Public Offering (IPO) opened for subscription today, July 29. On the opening day of bidding, the IPO saw an overall subscription of 78%, driven by robust interest from retail investors , whose portion was subscribed 2.81 times. The company has set a price band of Rs 640 to Rs 675 per share. The IPO is a purely fresh issue, consisting of 1.93 crore equity shares. In the grey market, the IPO is commanding a premium that suggests a potential listing gain of around 38.5%. Aditya Infotech IPO subscription status On the first day of bidding, the IPO received an overall subscription of 78% for the 1.12 crore shares offered to the public. The retail investor portion saw strong interest, being subscribed 2.81 times, while the Non-Institutional Investor (NII) category was subscribed 1.5 times. However, no bids have been recorded yet from Qualified Institutional Buyers (QIBs). Explore courses from Top Institutes in Please select course: Select a Course Category Others Data Science Technology Operations Management Product Management Design Thinking Leadership Data Science Data Analytics Healthcare Public Policy Management Digital Marketing Project Management Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details The IPO, which opened on July 29, will close on July 31. It is tentatively scheduled to be listed on August 5, 2025, on both the BSE and NSE. Aditya Infotech IPO GMP today The grey market premium (GMP) for the IPO is approximately Rs 260 over the issue price of Rs 675, indicating that shares are trading unofficially at around Rs 935 ahead of listing. This reflects an estimated listing premium of about 38.5%, suggesting strong investor sentiment and expectations of a solid debut on the stock exchanges. The GMP serves as an informal indicator of market demand before the shares are officially listed. Business overview and financials Aditya Infotech is a leading value-added distributor (VAD) in India for electronic security equipment. The company partners with global brands like Dahua, Seagate, TP-Link, Panasonic , and others, distributing across 650+ cities with over 15,000 channel partners. Its portfolio includes video surveillance products, access control systems, and networking solutions—catering to government, corporates, and SMEs. Between FY22 and FY24, the company's revenue grew at a CAGR of 24%, from Rs 2,090 crore to Rs 3,212 crore. PAT grew from Rs 102 crore in FY22 to Rs 210 crore in FY24. EBITDA margins improved slightly from 9.6% to 10.7% over the same period. However, analysts note that the business remains working capital intensive and exposed to global supply chain risks. Aditya Infotech IPO valuation and recommendation At the upper price band of Rs 675, Aditya Infotech is valued at a P/E of 36.2x on FY24 earnings, which is at a premium to industry peers like Redington and Ingram Micro. The IPO aims to raise funds primarily for working capital needs (Rs 600 crore), with the rest for general corporate purposes. Brokerage firm Bajaj Broking has rated the IPO as 'Subscribe with Caution'. While acknowledging the company's strong brand partnerships, consistent growth, and deep distribution network, the note flags its high valuation and moderate return ratios (RoE 22%, RoCE 20%) as concerns.

Tom Holland's Spider-Man set to start over in ‘Brand New Day' with The Punisher in tow
Tom Holland's Spider-Man set to start over in ‘Brand New Day' with The Punisher in tow

Time of India

time22-07-2025

  • Entertainment
  • Time of India

Tom Holland's Spider-Man set to start over in ‘Brand New Day' with The Punisher in tow

Marvel Studios is taking Tom Holland's Spider-Man in a sharply different direction. In Spider-Man: Brand New Day, the focus shifts from multiversal chaos and Avengers-scale disasters to a grounded New York story. Marvel boss Kevin Feige, speaking at a roundtable during promotions for Fantastic Four: First Steps, said, Explore courses from Top Institutes in Please select course: Select a Course Category Others others Data Science Cybersecurity Data Science Finance CXO Healthcare Artificial Intelligence Leadership Project Management Technology PGDM Digital Marketing healthcare Public Policy Design Thinking Product Management MCA Management MBA Data Analytics Degree Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details 'I think there's a promise at the end of No Way Home, that for as sad as it is that Peter is forgotten by everyone in his life, we are seeing for the first time in the Tom Holland Spider-Man stories him being a proper Spider-Man. Him being by himself, dedicated to saving the city, and dealing with – for lack of better terms – street-level crime, as opposed to world-ending events.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Crossout 2.0: Supercharged Crossout Play Now Undo It's a shift back to basics. No more swinging through alternate realities or relying on Tony Stark's tech. This is Peter, alone and anonymous, facing the kind of threats he was first built for. The Punisher returns Feige also confirmed that Jon Bernthal is returning as Frank Castle, also known as the Punisher. His inclusion brings a rougher edge to the story. Live Events 'So when you do that, you say, okay, who are the other street-level characters that we've never seen him interact with? And of course, I love that The Punisher started in a Spider-Man comic. That great cover … I don't want to say too much, but Destin – I will say too much – Destin is doing an amazing job right now on that movie, which starts shooting very soon. And he's got eight or nine comic covers up on his wall in his art department that he is bringing to life in this movie, which is super cool.' This is more than a crossover. It's a deliberate attempt to tap into the roots of both characters, and the darker moral grey zones they navigate when their paths cross. 'Brand New Day' inspired by the Comics The film's title, Brand New Day, references a 2008 comic book arc where Peter Parker strikes a deal with Mephisto to undo his marriage and identity, essentially rebooting his life. While Mephisto has already appeared in Ironheart, it's unclear if he'll appear in this version of the story. Feige has kept plot details tightly guarded, but the nod to classic comic covers and Bernthal's return suggests this will be one of the more faithful adaptations in recent memory. Cast, characters and fresh faces Alongside Tom Holland, Zendaya returns as MJ and Jacob Batalon as Ned Leeds. Also joining the film are Stranger Things star Sadie Sink and The Bear's Liza Colón-Zayas. Their roles remain under wraps for now. Meanwhile, there's buzz around Mark Ruffalo's Hulk being lined up as the film's primary antagonist. Nothing confirmed yet, but it's a detail fans will be watching closely. Future crossovers already on the table Feige hinted at his long-term hopes for the Spider-Man character within the Marvel Cinematic Universe , particularly with the incoming Fantastic Four. 'We didn't do chemistry reads, but whenever we cast, it is with that blue sky dream in mind of one day being able to do that. And that's a great example. That's one of the key relationships in Marvel comics is between Johnny Storm and Peter Parker. And we've never been able to come close to it before, and now it is in the realm of possibility. That's exciting. That gets me up in the morning.' That crossover between Peter and Johnny Storm (to be played by Joseph Quinn) has been long awaited. If it happens, it could mark a new chapter for both characters. What Tom Holland said about returning After years away from the solo Spider-Man films, Tom Holland has said returning for Brand New Day feels familiar in the best way. Speaking to Flip Your Wig, Holland said, 'It's gonna feel like making [Spider-Man: Homecoming] again. It's been such a long time that I've done it that it's gonna feel like a breath of fresh air. And I think the fans are gonna be over the moon with what we're putting together.' Spider-Man: Brand New Day is scheduled for release on 31 July 2026. It will be directed by Destin Daniel Cretton , best known for Shang-Chi and the Legend of the Ten Rings. Production begins soon. And while much of the plot remains under wraps, what's clear is this: Spider-Man is heading back to the streets. Back to the shadows. And perhaps, back to where he belongs.

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