November 11, 2025
admin
Capillary Technologies India IPO on 14 Nov.
Capillary Technologies India Ltd. has received SEBI’s approval for its Initial Public Offer (IPO) on September 22, 2025. With this nod, the company is expected to move ahead with the launch process, depending on market conditions and other regulatory clearances. The SEBI approval remains valid for 12 months.
The IPO will be a Book-Build Issue, comprising a fresh issue of Rs. 430 crore and an Offer for Sale (OFS) of up to 1.83 crore equity shares. The equity shares are proposed to be listed on both NSE and BSE.
JM Financial Ltd. will act as the Book Running Lead Manager, while MUFG Intime India Pvt. Ltd. will serve as the Registrar to the issue. IPO price band, lot size, and opening-closing dates will be announced shortly.
🕗 Last Update: 11 November2025, 6.00 AM
IPO Key Dates
| Anchor Investor on | |
| IPO opens on | 14 Nov. 2025 |
| IPO Closes on | 18 Nov. 2025 |
| Allotment on | 19 Nov. 2025 |
| Credit of shares on | 20 Nov. 2025 |
| Tentative Listing on | 21 Nov. 2025 |
Subscription updates
The promoters
Capillary Technologies International Pte Ltd and Aneesh Reddy Boddu are the company promoters.
The promoters hold 67.90 % shares in the pre-IPO capital of the company.
Objects of IPO
| Objects of the Issue | Rs. in crores |
| Funding our cloud infrastructure cost | 120 |
| Investment in research, designing and development of our products and platform | 151.54 |
| Investment in purchase of computer systems for our business | 10.32 |
| Funding inorganic growth through unidentified acquisitions and general corporate purposes |
.
Business :
IPO Details
| Opens On | 14 Nov. 2025 |
| Closes on | 18 Nov. 2025 |
| Face Value | Rs.2 |
| Issue Price Band | Rs.549-577 |
| Lot Size | 25 Shares |
| Sale Type | Fresh & OFS |
| Total Issue Size | 1,52,07,998 shares |
| Total Issue Size | Rs. 877.50 Cr |
| Employee Discount | Rs. 52 per share |
| Shareholder Discount | Rs. 0 |
| Listing At | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 15% of the Net Offer |
| NII Shares Offered | Not more than 10% of the Net Offer |
How Shares can be applid?
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 25 | 14,425 |
| Retail (Max) | 13 | 325 | 1,87,525 |
| S-HNI (Min) | 14 | 350 | 2,01,950 |
| S-HNI (Max) | 69 | 1,725 | 9,95,325 |
| B-HNI (Min) | 70 | 1,750 | 10,09,750 |
How to check Allotment Status
Allotment of this IPO will be announced on ? 2025 and the link to check allotment is given below:
https://linkintime.co.in/Initial_Offer/public-issues.html
| Registered Office of the company Capillary Technologies India Ltd. #360 bearing PID No 101, 360, 15th Cross Rd, Sector 4, HSR Layout, Bengaluru, Karnataka Bengaluru, Karnataka, 560102 Email: investorrelations@capillarytech.com |
|
| The Lead Managers JM Financial Ltd. IIFL Capital Services Ltd. Nomura Financial Advisory & Securities (India) Pvt.Ltd. |
|
| Registrar to IPO | |
| Mufg Intime India Pvt ltd |
Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 838.65 | 871.07 | 466.41 |
| Total Income | 611.87 | 535.44 | 266.25 |
| Profit After Tax | 13.28 | -59.38 | -87.72 |
| EBITDA | 78.57 | -1.49 | -58.34 |
| Net Worth | 481.42 | 452.13 | 99.75 |
| Reserves and Surplus | 170.26 | 30.89 | 31.99 |
| Total Borrowing | 100.09 | 77.17 | 147.47 |
| Amount in Rs. Crore | |||
Key Performance Indicators
| KPI | Values |
| ROCE | 2.76% |
| Debt/Equity | 0.18 |
| RoNW | 2.85% |
| PAT Margin | 2.37% |
| EBITDA Margin | 13.13% |
Peer Comparison
IPO Concise Review by Paresh Gordhandas, CA & Research Analyst
Capillary Technologies India IPO Review
Capillary Technologies is a well-known SaaS-based loyalty and customer engagement platform serving 250+ global brands, but its financials remain modest. The company has only recently turned profitable, with FY25 PAT of Rs. 13.28 crore on revenue of Rs. 611.87 crore, translating to a thin PAT margin of 2.37 percent and low ROCE of 2.76 percent. While EBITDA has improved, profitability is yet to stabilise, and past losses remain a concern.
The IPO valuation appears demanding at the Rs. 549–577 price band for a business with limited earnings strength. Borrowings are manageable, but growth comes at the cost of continuous reinvestment in R&D and acquisitions. A fresh issue of Rs. 430 crore will be used for cloud infra, product development, and inorganic expansion, but market sentiment remains extremely weak. With the GMP at Zero, traders do not expect meaningful listing gains. Overall, fundamentals are improving but not strong enough to justify premium pricing, and near-term listing outlook remains muted.
Capillary Technologies India IPO dates
Capillary Technologies India IPO price & Lot
Quick Links
Quicklinks
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
