Aditya Infotech IPO Subscribed 106.23 Times on Final Day; Retail Bids at 53.81x, QIBs at 140.50x

Mumbai, 31 July 2025: The ₹1,300 crore initial public offering (IPO) of Aditya Infotech Ltd concluded on 31 July 2025 with a robust overall subscription of 106.23 times. Retail participation remained significant at 53.81 times, while demand from Qualified Institutional Buyers (QIBs) surged to 140.50 times the allotted quota. The Non-Institutional Investor (NII) segment also witnessed notable activity with 75.93 times subscription by the end of the third and final day.

Retail Investors Bid 53.81 Times on Final Day as ₹14,080 Entry Draws Wide Participation

Retail investors applied heavily in the three-day bidding window, subscribing 53.81 times the allotted quota of 19,17,037 shares, aggregating ₹6,963.55 crore in bid value. The minimum investment required for a retail investor was ₹14,080 for one lot of 22 shares at the upper price band of ₹675 per share. With over 87,000 allotments reserved for this category, the surge in applications reflects keen interest among individual investors despite the price-driven entry level.

QIB Category Subscription Reaches 140.50 Times; ₹54,541.13 Cr Bid Value Registered

The Qualified Institutional Buyers (QIBs) segment received bids worth ₹54,541.13 crore, marking a 140.50 times subscription for the 57,51,112 shares reserved for this category. Institutions such as mutual funds, foreign portfolio investors, and banks showed aggressive interest, which could indicate strong institutional backing ahead of the listing on BSE and NSE. The QIB portion excludes the anchor investor component, which was fully subscribed a day prior to the IPO opening.

HNIs Submit Bids Worth ₹14,738.08 Cr as NII Portion Sees 75.93 Times Subscription

High Net-worth Individuals (HNIs) in the Non-Institutional Investor (NII) segment subscribed 75.93 times the allocated 28,75,556 shares, with total bids amounting to ₹14,738.08 crore. The bNII subcategory (bids above ₹10 lakh) saw 78.86 times subscription, with 15,11,78,830 shares bid for and a bid value of ₹10,204.57 crore. Meanwhile, the sNII subcategory (bids below ₹10 lakh) was subscribed 70.07 times, with 6,71,63,118 shares and a value of ₹4,533.51 crore.

Anchor Investors Lock ₹582.30 Cr Ahead of IPO Opening on July 28

On 28 July 2025, the company raised ₹582.30 crore from anchor investors by allotting 86,26,666 shares at the upper end of the price band. This anchor book portion, which accounted for a significant share of institutional demand, will be under lock-in until August 31, 2025 (50% shares) and October 30, 2025 (remaining 50%).

Employees’ Quota Subscribed 9.01 Times with Discounted Offer

Aditya Infotech had reserved 97,561 shares for its employees, offered at a discount of ₹60 to the issue price. This category was subscribed 9.01 times, with 8,79,362 shares bid for, aggregating to ₹59.36 crore in value.

IPO Details: ₹1,300 Cr Bookbuilding Issue, ₹675 Price Band, Listing on Aug 5

The IPO comprised a fresh issue of 74.07 lakh shares worth ₹500 crore and an offer for sale of 1.18 crore shares worth ₹800 crore. The issue price was set at ₹675 per share, with lot sizes as follows:

• Retail investors: 1 lot = 22 shares = ₹14,080
• sNII: 14 lots = 308 shares = ₹2,07,900
• bNII: 68 lots = 1,496 shares = ₹10,09,800

The IPO opened on 29 July 2025 and closed on 31 July 2025. Allotment is expected on 1 August 2025, with shares to be credited on 4 August 2025, and listing tentatively scheduled for 5 August 2025 on both BSE and NSE.

Day-Wise Subscription Trend Reflects Progressive Demand Buildup Across Categories

The IPO gained momentum over three days:

• Day 1 (29 July): Total subscription at 2.17 times, with retail at 6.93x
• Day 2 (30 July): Overall bids reached 7.27 times, retail stood at 21.27x
• Day 3 (31 July): Final subscription at 106.23 times, retail closed at 53.81x

Total Applications Cross 40 Lakh Mark as IPO Closes with ₹76,302.12 Cr Bidding Value

By close of bidding, Aditya Infotech IPO attracted 40,16,488 applications, with a cumulative bid value of ₹76,302.12 crore for a total of 113.04 crore shares against 1.06 crore shares (excluding anchor) on offer.

With a listing date set for August 5, 2025, investor focus will now shift to allotment results and listing-day performance on the Indian bourses.

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