Capillary Technologies India made its market debut today, marking an important milestone for the company and investors alike. The IPO listing saw shares opening slightly below the issue price, drawing attention in the Indian stock market.
Market Performance Today
On November 21, 2025, Capillary Technologies shares debuted at:
- NSE: ₹571.90 per share, down 0.88% from the issue price of ₹577
- BSE: ₹560 per share, down 2.95% from the issue price
The listing reflects a cautious start for investors, despite the IPO being heavily subscribed during its subscription period.
Capillary Technologies IPO Details
The IPO, which closed on November 18, 2025, was structured as follows:
- Total Issue Size: ₹877.70 crore
- Fresh Issue: 60 lakh shares worth ₹345 crore
- Offer for Sale (OFS): 92.3 lakh shares worth ₹532.50 crore.
Key subscription highlights:
- Retail Investors: 15.85x
- Non-Institutional Investors (NII): 69.85x
- Qualified Institutional Buyers (QIBs): 57.30x
- Employee Portion: 6.88x
The IPO lot size is fixed at 25 shares per lot, with a minimum retail investment of ₹14,425 at the upper price band of ₹577. Retail investors could apply for a maximum of 13 lots, totalling ₹1,87,525.
Proceeds from the IPO are intended for:
- Expanding cloud infrastructure
- Funding research, design, and development of products
- Purchasing computer systems for operations
- Supporting inorganic expansion and general corporate purposes
The book-running lead managers for the IPO were JM Financial, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) Private Limited. The registrar for the issue was MUFG Intime India Pvt. Ltd.
About Capillary Technologies
Capillary Technologies is a cloud-native, AI-driven software product company, offering SaaS solutions to enterprise clients globally. The company’s international presence spans the United States, the United Kingdom, the United Arab Emirates, and several Asian countries.
As of March 31, 2025, Capillary served over 390 brands across 45+ countries, providing AI-enabled platforms to optimise customer engagement and business operations.
Financial Snapshot
Capillary Technologies showed a strong rebound in fiscal 2025:
- Revenue from Operations: ₹598.26 crore, up 13.93% from ₹525.10 crore in fiscal 2024
- Net Profit: ₹13.28 crore, returning to profitability from a ₹59.38 crore loss in fiscal 2024
The growth was driven primarily by higher retainership income and expanded service revenues, signalling improved operational efficiency and market acceptance of its AI-powered solutions.
Summary
Capillary Technologies’ IPO listing today marks a significant entry into the Indian stock market. While shares debuted below the issue price, the company’s strong subscription numbers and financial turnaround highlight its growing footprint in the global SaaS market. Leveraging AI-driven platforms and a strong international presence, Capillary Technologies is establishing itself as a leading force in enterprise software services.
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