Aditya Infotech IPO Explodes with 100x Subscription—QIBs Drive Frenzied Demand

Tech investors just found their new shiny object.

Aditya Infotech's IPO didn't just get oversubscribed—it got mauled by institutional money. Qualified Institutional Buyers (QIBs) led the charge, turning this offering into a 100x demand bloodbath. Retail FOMO? Inevitable.

Why the frenzy? Either the market's drowning in liquidity (thanks, central banks) or someone's betting big on India's tech infrastructure boom. Or both.

One thing's clear: When QIBs pile in, the little guy follows. Whether that ends in champagne or tears depends on how long the music keeps playing.

P.S. Another day, another IPO soaking up dumb money like a fintech sponge.

Anchor investors

As part of the IPO, the company has mopped up over ₹582 crore from anchor investors. This anchor portion witnessed participation from domestic and foreign institutional investors, including the Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority.

From the fresh issue, the company will retire debt to the tune of ₹375 crore, while the remaining amount will go towards general corporate purposes. As of March 2025, the company’s total borrowings stood at around ₹412.84 crore, according to its RHP. For FY25, the company posted a net profit of ₹351.37 crore, up from ₹115.17 crore posted in FY24. Revenue ROSE to ₹3,111.87 crore (₹2,782.42 crore).

Laxmi India Finance IPO subscribed 1.87x; retail bids stronger

Meanwhile, Laxmi India Finance, which also closed its subscription today, managed to sail through by receiving bids for 1.87 times. The IPO came out with a price band of ₹150-158

The QIB, retail investor, and HNI portions were subscribed 1.30 times, 2.2 times, and 1.84 times, respectively. The ₹254.26-crore IPO comprises a fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by the promoters. As part of the IPO, Laxmi India Finance raised over ₹75 crore from anchor investors on Monday.

Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes.

Published on July 31, 2025