July 29, 2025 | By Fliptheloss.in
Today is a big
day for IPO investors in India. Three Initial Public Offerings (IPOs) AdityaInfotech, Laxmi India Finance, and Kaytex Fabrics have opened
for public subscription. These IPOs offer opportunities across both Mainboard
and SME segments. Whether you’re a retail investor, HNI, or
institutional buyer, this is your chance to consider companies from tech
surveillance, NBFC lending, and textile manufacturing
industries.
In this
article, we provide a comprehensive guide covering business models,
financials, IPO sizes, lot sizes, valuations, and expert opinions.
1. Overview of the Three IPOs
| Company Name | Segment | IPO Open Date | Listing Exchange | Business Domain |
|---|---|---|---|---|
| Aditya Infotech Ltd | Mainboard | July 29, 2025 | BSE & NSE | Surveillance Technology |
| Laxmi India Finance | Mainboard | July 29, 2025 | BSE & NSE | NBFC (MSME Loans) |
| Kaytex Fabrics Ltd | SME | July 29, 2025 | NSE SME Platform | Textile & Apparel |
All three IPOs
open on July 29 and close on August 1, 2025. Let's now explore each IPO
individually.
2. Aditya Infotech Limited IPO
Company Overview
Aditya Infotech
Limited (AIL) is one of India's largest surveillance solution providers. The
company markets its products under the CP Plus brand, a household name
in India for CCTV and security systems. It offers a wide range of security
devices like:
- Smart Home IoT cameras
- HD Analog and Network Cameras
- Body-worn and Thermal Imaging
Cameras
- AI-powered surveillance like ANPR
(Automatic Number Plate Recognition), Crowd Counting, Heat Mapping
- Consumer products like 4G Wi-Fi
cameras, dash cams
As of FY25, AIL
has sold over 2,986 different product variants across 550+ Indian
cities.
Key Strengths
- Strong brand recall through CP
Plus
- Nationwide dealer and distributor
network
- Continuous innovation with AI,
IoT, and Edge computing
- Fast-growing demand for security
due to smart cities and rising crime awareness
IPO Details (Expected)
| Detail | Value |
|---|---|
| Issue Size | ₹600–₹750 crore (Expected) |
| Face Value | ₹10 per share |
| Price Band | ₹475 – ₹495 (Expected) |
| Minimum Lot Size | 30 shares |
| Listing | BSE & NSE |
| Fresh Issue Component | Yes |
| Offer for Sale (OFS) | Yes |
Financial Highlights (FY23–FY25)
| Metric | FY23 | FY24 | FY25 (Est.) |
|---|---|---|---|
| Revenue | ₹1,200 Cr | ₹1,580 Cr | ₹1,950 Cr |
| Net Profit | ₹92 Cr | ₹124 Cr | ₹162 Cr |
| EBITDA Margin | 9.5% | 10.1% | 10.5% |
IPO Objective
- Expand manufacturing capacity
- Invest in R&D
- Strengthen sales and marketing
- Repay debt
3. Laxmi India Finance Limited IPO
Company Overview
Laxmi IndiaFinance is a Non-Banking Financial Company (NBFC) established in 1996.
It focuses on:
- MSME Loans
- Vehicle Loans
- Construction Equipment Finance
- Personal & Business Loans
Notably, over
80% of their loans qualify as Priority Sector Lending (PSL),
aligning with government objectives to support micro and small businesses.
Key Highlights
- Operates in Tier-2 and Tier-3
cities
- Strong borrower relationship network
- Low default ratio
- Rapid digital transformation for
paperless loans
IPO Details (Expected)
|
Detail |
Value |
|
Issue Size |
₹150–₹200
crore (Expected) |
|
Face Value |
₹10 per share |
|
Price Band |
₹150 – ₹160
(Expected) |
|
Minimum Lot
Size |
90 shares |
|
Listing |
BSE & NSE |
Financial Highlights (FY23–FY25)
| Metric | FY23 | FY24 | FY25 (Est.) |
|---|---|---|---|
| Revenue | ₹180 Cr | ₹225 Cr | ₹270 Cr |
| Net Profit | ₹22 Cr | ₹30 Cr | ₹42 Cr |
| Loan Book | ₹600 Cr | ₹710 Cr | ₹825 Cr |
| NPA Ratio | 1.5% | 1.2% | <1% (Target) |
Use of IPO Proceeds
- Increase capital adequacy
- Expand lending network
- Enhance digital loan services
- Repay non-convertible debentures
4. Kaytex Fabrics Limited IPO
Company Overview
Founded in
1996, Kaytex Fabrics is a fashion textile company blending traditional
weaving with modern styles and tech. It focuses on:
- Cotton, Viscose, Polyester, and Blended
Fabrics
- Women's ready-to-wear ethnic and
Indo-western outfits
- Designer wear under brands like Rasiya,
Kaytex, and Darbaar-e-Khaas
The company
serves both wholesale and direct retail markets.
Core Strengths
- In-house design team for custom
fashion
- Strong vendor base and textile
network
- Targeting niche premium ethnic
wear segment
- Using sustainable and digital
printing techniques
IPO Details
| Detail | Value |
|---|---|
| Issue Size | ₹18.24 crore |
| Face Value | ₹10 per share |
| Price Band | ₹54 – ₹58 |
| Minimum Lot Size | 2000 shares |
| Listing | NSE SME Platform |
Financial Highlights (FY23–FY25)
| Metric | FY23 | FY24 | FY25 (Est.) |
|---|---|---|---|
| Revenue | ₹75 Cr | ₹89 Cr | ₹110 Cr |
| Net Profit | ₹4.2 Cr | ₹5.6 Cr | ₹7 Cr |
| EBITDA Margin | 11% | 12% | 13.5% |
IPO Objectives
- Increase working capital
- Invest in warehouse and inventory
tech
- Marketing and online sales boost
- Brand building
Investor Guide: How to Apply for These IPOs
- Through Broker (Zerodha, Upstox,
Angel One, etc.)
- Via UPI Using ASBA (through
NetBanking or apps)
- Minimum Investment:
- Aditya Infotech: ₹14,850 approx.
- Laxmi India Finance: ₹14,400
approx.
- Kaytex Fabrics: ₹1.16 lakh (due
to SME segment rules)
Should You Subscribe?
Here are expert
perspectives:
| Company | Analyst View | Risk Level |
|---|---|---|
| Aditya Infotech | Strong growth, CP Plus dominance | Moderate |
| Laxmi India Finance | Niche NBFC, decent profitability | Moderate–High |
| Kaytex Fabrics | Small cap, fashion is seasonal | High |
Our Suggestion
- Aditya Infotech: Long-term bet
- Laxmi India Finance: Suitable
for aggressive investors
- Kaytex Fabrics: Only for
high-risk appetite investors
Long-Term Potential & Industry Trends
- Surveillance Tech (Aditya
Infotech): AI and
home security boom
- NBFCs (Laxmi India): Government support for MSME
lending
- Textile & Apparel (Kaytex): Festive seasons, ethnic fashion
trending
Investment Risk Advisory
Disclaimer: This article is for informational
purposes only and does not constitute financial advice. Investing in IPOs
involves risks such as market volatility, poor listing gains, or long-term
underperformance. Please consult with a SEBI-registered advisor before making
any investment decisions. Market investments are subject to risks including
potential capital loss.
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