Aditya Infotech (CP Plus) IPO.
Aditya Infotech’s IPO – Khaitan, Trilegal, and Hogan Lovells Advise on Successful Public Offering: NEW DELHI – Aditya Infotech Limited, the company behind the popular “CP Plus” brand of video security and surveillance solutions, has successfully completed its Initial Public Offering (IPO), raising a total of ₹1,300 crore (approximately $148.6 million). The public offering saw a significant collaboration between leading Indian and international law firms, each playing a crucial role in navigating the complex legal and regulatory landscape of the capital markets.
IPO Details and Structure
The IPO, which was a major event in the Indian stock market, was structured in two parts: a fresh issue of ₹500 crore (approximately $57.2 million) and an offer for sale (OFS) by selling shareholders for ₹800 crore (approximately $91.4 million). The fresh issue component is intended to be used for debt repayment and general corporate purposes, while the offer for sale provided an exit for some existing shareholders.
Legal Advisory Roles
Advising Aditya Infotech Limited (CP Plus) on the intricate process of going public was the distinguished Indian law firm Khaitan & Co. The legal team, led by Partner Gautham Srinivas and Senior Associate Sanjeev Chowdhary, provided comprehensive counsel to the company. Their team, which included a group of associates—Vaishnavi Gupta, Vanshika Chaudhry, Ujwal Zutshi, Sarvesh Sharma, and Vidushi Tanya—worked to ensure the company’s compliance with all relevant regulations for the public offering.
On the other side of the transaction, the Book Running Lead Managers (BRLMs), ICICI Securities Limited and IIFL Capital Services Limited, were advised by two separate law firms.
Trilegal, a leading Indian law firm, provided counsel to the BRLMs on the domestic legal aspects of the IPO. The team was co-led by Partners Bhakta Patnaik and Brajendu Bhaskar, with support from Counsel Malika Grewal and a team of associates. Their expertise was crucial in managing the legal requirements and due diligence process from the perspective of the financial institutions underwriting the offering.
Aditya Infotech (CP Plus) IPO.
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Serving as international legal counsel for the BRLMs was Hogan Lovells. The firm, which has a strong presence in the global capital markets, was responsible for addressing the international legal aspects of the IPO. The large team was led by Biswajit Chatterjee, the head of the firm’s India practice and Dubai office managing partner. With support from a team of counsels and associates, Hogan Lovells’ involvement underscored the international interest and regulatory considerations involved in a major Indian IPO.
Aditya Infotech‘s CP Plus brand is a market leader in video security and surveillance, offering a wide array of products and solutions for both enterprise and consumer segments. The successful IPO, a culmination of meticulous planning and legal advisory, now positions the company for further growth as it enters the public market.
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