Aditya Infotech Ltd.’s initial public offering opens for subscription on Tuesday, July 29. The company, which provides advanced video security and surveillance products, technologies, and solutions, has fixed the price band in the range of Rs 640 to Rs 675 per share.

The Rs 1,300-crore IPO comprises a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale of shares valued at Rs 800 crore. The bidding for the IPO will close on July 31.

About Rs 375 crore of the IPO proceeds will be used by Aditya Infotech for repaying its outstanding borrowings. The remaining portion of the funds will be used for other general corporate purposes.

Investors can place bids starting from a minimum of 22 shares and in multiples thereafter.

Shares of Aditya Infotech are scheduled to be listed on the BSE and NSE on Aug. 5.

ICICI Securities Ltd., IIFL Capital Services Ltd. are the book-running lead managers for the public issue.

IPO Details

  • Issue opens: July 29.

  • Issue closes: July 31.

  • Issue price: Rs 640 to Rs 675.

  • Total issue size: Rs 1,300 crore.

  • Fresh issue: Rs 500 crore.

  • Offer for sale: Rs 800 crore.

  • Lot size: Minimum 22 shares.

IPO GMP

The grey market premium for Aditya Infotech IPO is Rs 255, as of 8:33 a.m. on July 29, according to InvestorGain. That implies a potential premium listing at around Rs 930 per share.

GMP or grey market price is not an official indicator and is based on market speculation.

. Read more on IPOs by NDTV Profit.The Rs 1,300-crore IPO comprises of a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale of shares valued at Rs 800 crore.  Read MoreIPOs, Markets, Business, Notifications 

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