Aditya Infotech Launches ₹1,500 Crore QIP for Expansion

Aditya Infotech, which operates the CP PLUS brand of surveillance and security products, has launched a Qualified Institutional Placement (QIP) to raise up to ₹1,500 crore. The company’s QIP committee approved the opening of the issue on September 22 and fixed the floor price at ₹3,648.43 per equity share. The company may offer a discount of up to 5% on the floor price, subject to applicable regulations, while the final issue price will be determined in consultation with the appointed lead managers. Aditya Infotech plans to use the proceeds for repayment of borrowings, capital expenditure, inorganic growth and general corporate purposes. The company has also filed the preliminary placement document with both BSE and NSE. Following the announcement, the stock hit its 5% upper circuit at ₹3,826.20 during Wednesday’s trading session. The QIP represents a significant capital-raising exercise for the company as it expands its security-products and technology business. Disclaimer: The views expressed purely for educational and informational purposes and do not constitute financial advice or a recommendation to buy, sell, or hold any security