Aditya Infotech Ltd.'s initial public offering will enter its second day of bidding on Wednesday. The IPO was fully subscribed at 2.05 times on the first day of bidding on Tuesday, led by demand from retail and non-institutional investors.The Rs 1,300-crore IPO comprises a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale of shares valued at Rs 800 crore. The bidding for the IPO will close on July 31. The bidding range is Rs 640 to Rs 675 per share.About Rs 375 crore of the IPO proceeds will be used by Aditya Infotech for repaying its outstanding borrowings. The remaining portion of the funds will be used for other general corporate purposes.Investors can place bids starting from a minimum of 22 shares and in multiples thereafter. Shares of Aditya Infotech are scheduled to be listed on the BSE and NSE on Aug. 5.ICICI Securities Ltd., IIFL Capital Services Ltd. are the book-running lead managers for the public issue.The company provides advanced video security and surveillance products, technologies, and solutions.Shanti Gold International IPO Allotment Status: Check Latest GMP, Listing Date And More IPO DetailsIssue opens: July 29.Issue closes: July 31.Issue price: Rs 640 to Rs 675.Total issue size: Rs 1,300 crore.Fresh issue: Rs 500 crore.Offer for sale: Rs 800 crore.Lot size: Minimum 22 shares.IPO GMPThe grey market premium for Aditya Infotech IPO rose to Rs 281, as of 8:32 a.m. on July 30, according to InvestorGain. That implies a potential premium listing at around Rs 956 per share, indicating a 41.63% gain over the upper price band.GMP or grey market price is not an official indicator and is based on market speculation.IPO Live Updates: NSDL, Sri Lotus Developers, M&B Engineering Open Today. Read more on IPOs by NDTV Profit.