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Dailymirror.news,Mumbai, October 8th, 2024: Aditya Infotech Limited, the largest Indian-owned company in the video security and surveillance industry, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company, which holds a 20.2% market share in India’s video surveillance sector (based on revenue in Fiscal 2024 as per the F&S Report), plans to raise up to ₹1,300 crore through an initial public offering (IPO).
The IPO will consist of a fresh issue of equity shares worth ₹500 crore and an offer for sale by selling shareholders amounting to ₹800 crore. The equity shares will have a face value of ₹5 each.
Aditya Infotech operates under its well-known brand ‘CP PLUS’, providing a wide range of video security and surveillance products, technologies, and services for both enterprise and consumer segments. In addition to its products, the company offers solutions such as fully integrated security systems and Security-as-a-Service. These services cater to various sectors including banking, insurance, real estate, healthcare, industrial, defense, education, hospitality, manufacturing, retail, and law enforcement, delivered directly or through its distribution network.
The equity shares are proposed to be listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
ICICI Securities Limited and IIFL Securities Limited have been appointed as the Book Running Lead Managers (BRLMs) for the issue.
