Aditya Infotech has submitted initial documents to the capital markets regulator, Sebi, seeking to raise ₹1,300 crore through an initial public offering (IPO).
The proposed IPO consists of a fresh equity issue of ₹500 crore and an offer for sale (OFS) of shares valued at ₹800 crore by the promoters, according to the draft documents.
Of the funds raised from the fresh issue, ₹375 crore is intended for debt repayment, with additional funds allocated for general corporate purposes.
As of March 2024, the company reported total borrowings of ₹405.45 crore, as indicated in the draft submitted on Monday.
Aditya Infotech provides a wide range of advanced video security and surveillance products, technologies, and solutions for both enterprise and consumer markets under its ‘CP PLUS’ brand.
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