Aditya Infotech, a leading distributor of electronic security equipment, saw 24% revenue CAGR and over 2x PAT growth between FY22–FY24. With a strong brand portfolio and expansive network, the Rs 1,300 crore IPO is priced at a P/E of 36.2x. While fundamentals are solid, brokerages advise caution due to high valuation and working capital intensity.