If you follow the stock market, you know this week is absolutely buzzing with activity. It feels like there's a new opportunity around every corner, and starting today, the IPO market is heating up even more. Three new Initial Public Offerings (IPOs) have just opened for subscription, giving investors a fresh slate of companies to consider. We’re talking about two mainboard issues and one from the SME segment, and let me tell you, one of them is already making serious waves in the grey market.
Key Highlights
- ✓ Three new IPOs opened for investment today: Aditya Infotech Ltd, Laxmi India Finance Ltd, and Kaytex Fabrics Ltd.
- ✓ Aditya Infotech is creating a massive buzz with a Grey Market Premium (GMP) reaching as high as ₹255.
- ✓ Retail investors can get started in the mainboard IPOs with a minimum investment of just around ₹14,850.
- ✓ The subscription window for all three IPOs is open from today, Tuesday, until July 31st.
- ✓ Expert opinions are generally positive, but they advise caution, particularly regarding Aditya Infotech's high valuation.
The Star of the Show: Aditya Infotech IPO
Alright, let's dive right into the one everyone’s talking about: Aditya Infotech Ltd. This company is a big name in the video security and surveillance space. If you've ever heard of the ‘CP Plus’ brand, that's them. They manufacture everything from smart home Wi-Fi cameras to high-definition network cameras, body-worn cams, and even advanced AI-powered solutions like automatic number plate recognition and people-counting systems. They have a massive footprint, providing services to nearly 2,986 stock-keeping units (SKUs) across more than 550 cities in India as of the 2025 financial year.
The company is looking to raise a substantial ₹1,300 crore through this IPO. This is broken down into ₹500 crore from new shares and another ₹800 crore through an Offer For Sale (OFS), where existing investors are selling their stakes. The price band is set between ₹640 and ₹675 per share. For retail investors, the minimum application is for one lot of 22 shares. So, if you apply at the upper price band of ₹675, your minimum investment would be ₹14,850. You can apply for a maximum of 13 lots, which would total ₹1,93,050.
What’s the Buzz in the Grey Market?
Here’s where it gets really exciting. The grey market, which is often seen as an early indicator of listing performance, is absolutely loving this IPO. As of Tuesday morning, the Grey Market Premium (GMP) for Aditya Infotech was a staggering ₹255. If this premium holds, it suggests the shares could list at around ₹930, which is a potential listing gain of 37.78%! Another report pegged the GMP at ₹217, indicating a still-impressive gain of about 32%. This is the kind of buzz that gets investors lining up.
The company's financials also paint a strong picture. Its revenue grew from ₹2,782 crore in FY24 to ₹3,112 crore in FY25. The profit after tax (PAT) reportedly saw a massive jump as well. With a Return on Equity (ROE) of around 34.50% and Return on Capital Employed (ROCE) of 33.25%, the company shows solid performance metrics. The shares are expected to be allotted around August 1st, with a potential listing on the NSE and BSE on August 4th or 5th.
The Steady Contender: Laxmi India Finance IPO
While Aditya Infotech is grabbing the headlines, another interesting mainboard IPO, Laxmi India Finance Ltd, also entered the ring today. This is a Non-Banking Finance Company (NBFC) that has been around since 1996. They primarily focus on providing loans to MSMEs (Micro, Small, and Medium Enterprises), which make up over 80% of their total loan portfolio. They also offer vehicle loans and construction loans.
This IPO aims to raise ₹254.26 crore, with ₹165.17 crore from fresh shares and the rest from an OFS. The price band for this one is set at ₹150 to ₹158 per share. A single lot contains 94 shares, making the minimum investment ₹14,852 at the upper price band. Retail investors can apply for up to 13 lots, bringing the maximum investment to ₹1,93,076. It’s interesting to note that 35% of this issue is reserved for retail investors, which is quite generous.
Grey Market Pulse and Potential Gains
The grey market sentiment for Laxmi India Finance is positive, but much more subdued compared to Aditya Infotech. As of Tuesday morning, its GMP was ₹9. This suggests a potential listing price of ₹167, translating to a modest listing gain of about 5.70%. While not as explosive, it still indicates positive sentiment. It’s also worth noting that its GMP has seen a bit of a decline in the last few days, something potential investors should keep in mind. The company reported a profit of ₹36.01 crore for the fiscal year ending March 31, 2025, and has a net worth of ₹257.47 crore.
The SME Player: Kaytex Fabrics Ltd IPO
Now, for investors with a bigger appetite and perhaps a higher risk tolerance, there’s the Kaytex Fabrics Ltd IPO in the SME IPO segment. SME IPOs are a different ballgame, primarily because of the larger investment size. Kaytex Fabrics is looking to raise ₹69.81 crore, with a price band of ₹171 to ₹180 per share.
Here’s the kicker: a single lot consists of 800 shares. This means a minimum investment for one lot is a hefty ₹1.44 lakh. For retail investors, the rules are even stricter—you have to bid for a minimum of two lots. That brings the minimum investment amount to ₹2.88 lakh, so this one is clearly for investors with deeper pockets. The grey market is showing strong support here too. With a GMP of ₹32, it could potentially list at ₹212, offering a decent premium of 17.78% on listing day.
The Big Question: To Subscribe or Not?
So, with all this information, what are the experts saying? For Aditya Infotech, the consensus is largely positive, but it comes with a few warnings. Brokerage firms like Anand Rathi and Swastika Investmart have given it a 'Subscribe' rating for the long term. Shivani Nyati, Head of Wealth at Swastika, highlighted the company's strong business in electronic security and its robust presence across India as key strengths.
She also pointed out that its expanding EBITDA margins show good operating efficiency and growing demand. However, there's a voice of caution from Bajaj Broking. While they acknowledge the strong brand partnerships and distribution network, they advise "subscribing with caution" mainly due to the high valuation of the IPO. They also noted that the return ratios (ROE at 22% and ROCE at 20% in one analysis) aren't exceptionally high. As a quick refresher, ROE and ROCE essentially show how effectively a company is using investor money to generate profits.
Conclusion
The bottom line is, there's a ton of action in the IPO market this week, with something for almost every type of investor. You have the high-flying tech surveillance company, Aditya Infotech, with massive grey market hype but a high price tag. Then there's the steady financial services provider, Laxmi India Finance, offering a more grounded opportunity. And for those with significant capital, the Kaytex Fabrics SME IPO presents another avenue with solid potential.
Each one comes with its own set of numbers, expert opinions, and potential risks and rewards. As always in the fast-paced world of the stock market, it’s crucial to weigh the details and consider your own financial goals and risk appetite. Things can change in a heartbeat, so consulting with a certified expert before making any investment decisions is always a wise move.
💬 We'd love to hear your thoughts! Join the charcha—keep it friendly, fun, and respectful.