Capillary Technologies opened its IPO for public subscription on Friday, November 14, marking an exciting week for investors. The IPO remains open until Tuesday, November 18, allowing participants time to book shares in this high-growth software company.
Market Performance
- IPO Price Band: ₹549 – ₹577 per equity share
- Fresh Issue: 60 lakh shares to raise ₹345 crore
- Offer for Sale (OFS): 92.3 lakh shares for ₹532.50 crore.
- Listing Exchanges: BSE and NSE
The company also raised ₹394 crore from anchor investors ahead of the IPO, signaling strong institutional interest.
IPO Subscription Status
By around 10:40 am on the opening day:
- Overall Subscription: 0.08 times
- Retail Investors: 0.05 times
- Non-Institutional Investors (NII): 0.26 times
- Employee Portion: 0.18 times
- Qualified Institutional Buyers (QIBs): Yet to see subscription at that time
These numbers show that the IPO began gradually, with institutional segments expected to contribute as the subscription period progresses.
Capillary Technologies Overview
Capillary Technologies is a software company that provides AI-powered, cloud-based SaaS solutions to enterprises worldwide. Its platform helps businesses boost customer engagement and manage loyalty programs more effectively.
Key Highlights:
- Operations in 47 countries
- Partnerships with 413 brands
- Strong traction in the US market
- Focus on an AI-driven SaaS platform and deep client integration.
The company has demonstrated robust Net Revenue Retention between 112–143%, showcasing strong customer loyalty and a scalable business model.
Financial Snapshot
According to the Red Herring Prospectus (RHP):
- FY25 Revenue: ₹598 crore
- Profitability has improved meaningfully.
- Growth supported by operating leverage and strategic acquisitions
These numbers reflect a turnaround in performance, marking Capillary Technologies as a noteworthy entrant in the SaaS and AI-driven software segment.
IPO Timeline and Next Steps
- Allotment Date: Wednesday, November 19
- Share Credit / Refunds: Thursday, November 20
- Listing Date: Friday, November 21, on BSE and NSE
Investors who successfully get allotment will see shares credited on November 20, while unsuccessful bidders will receive refunds the same day.
Summary
Capillary Technologies IPO marks a step forward for India’s growing AI-powered SaaS industry. While the initial subscription started modestly, the company’s global presence, strong client base, and AI-driven offerings position it as an attractive opportunity in the software product space.
Key Takeaways:
- IPO Price Band: ₹549–₹577 per share
- Fresh Issue: ₹345 crore | OFS: ₹532.50 crore
- FY25 Revenue: ₹598 crore
- Operations across 47 countries with 413 brands
- Listing planned on BSE and NSE on November 21
This IPO reflects the rising trend of AI-driven enterprise solutions and signals investor interest in technology companies with global reach.
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