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HomeLaw firmsDeals and TransactionsKhaitan & Co Advises Aditya Infotech on Proposed ₹13,000 Million IPO

Khaitan & Co Advises Aditya Infotech on Proposed ₹13,000 Million IPO

Khaitan & Co advised Aditya Infotech and the selling shareholders on the proposed IPO, comprising a fresh issue of equity shares and an offer for sale aggregating up to INR 13,000 million.

The deal team included Gautham Srinivas, Sanjeev Chowdhary, Vaishnavi Gupta, Vanshika Chaudhry, Ujwal Zutshi, Sarvesh Sharma, Vidushi Tanya and Anubhav Jaiswal.

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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