#CapillaryTechnologies #IPO #SaaS #TechIPO #IndianMarket #BSE #NSE #AI #PublicIssue #Investment
Chandigarh: Capillary Technologies India, the Bengaluru-based Software-as-a-Service (SaaS) technology company, is set to launch its maiden public issue on November 14. The company filed its Red Herring Prospectus (RHP) with the Registrar of Companies on November 7.
Key IPO Dates and Details
The anchor book for the IPO will open for one day on November 13, while the public issue will remain open for all investors until November 18. The company will finalize the IPO share allotment by November 19, and Capillary Technologies shares will be available for trading on the BSE and NSE effective November 21.
| Activity | Date |
| Anchor Book Open | November 13 |
| Public Issue Open | November 14 |
| Public Issue Close | November 18 |
| Share Allotment Finalisation | November 19 |
| Listing Date | November 21 |
Issue Size and Utilization of Funds
Capillary Technologies is raising ₹345 crore via fresh shares, while the promoter Capillary Technologies International and investor Trudy Holdings will be selling over 92.28 lakh shares through an Offer-for-Sale (OFS).
The company, which offers Artificial Intelligence (AI)-based cloud-native SaaS products and solutions, has however, reduced its overall IPO size. As per the DRHP refiled in June this year, the fresh issue component was ₹430 crore, and the OFS component comprised 1.83 crore equity shares. SEBI approved this draft document in September.
The proceeds from the IPO are intended to be utilized for the following key areas:
- Cloud Infrastructure: ₹143 crore
- Research, Designing, and Development of Products and Platform: ₹71.6 crore
- Purchase of Computer Systems: ₹10.3 crore
- The remaining funds will be used for inorganic growth and general corporate purposes.
Financials and Shareholding Structure
Aneesh Reddy Boddu-founded Capillary Technologies reported a profit of ₹1.03 crore for the six-month period ended September 2025, a significant turnaround from a loss of ₹6.8 crore in the corresponding period last fiscal year. Revenue in the same period grew by 25% to ₹359.2 crore, up from ₹287.2 crore.
Promoters hold a 67.18 percent stake in Capillary Technologies India. The promoter, Capillary Technologies International, is backed by prominent names like Qualcomm, Peak XV Partners, and Xto10x Technologies. The company, which specializes in AI-powered loyalty and customer engagement solutions, does not have a directly comparable peer in the Indian listed space but competes globally with players like Salesforce, Adobe, HubSpot, and Braze.
The Capillary Technologies IPO is being managed by JM Financial, IIFL Capital Services, and Nomura Financial Advisory and Securities (India).
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#CapillaryTechnologies #IPO #SaaS #TechIPO #IndianMarket #BSE #NSE #AI #PublicIssue #Investment
