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14 Nov, 2025
Capillary Technologies IPO
The Capillary Technologies IPO size is worth ₹877.50 crores, comprising a fresh issue of around ₹345 crores (0.60 crore shares) and an offer-for-sale (OFS) of about ₹532.50 crores (0.92 crore shares) by existing shareholders. It is a book built issue with a price band of ₹549.00 to ₹577.00 per equity share. The subscription will be open for bidding on 14 November 2025 and 18 November 2025 and will be listed on BSE and NSE on or after 21 November, as per exchange filing. The face value is ₹2 per share and the minimum investment for retail investors stands at ₹14,425 for 25 shares at the upper price band.
Company Background
Capillary Technologies India Ltd was founded in 2008 and is based in Bangalore. It is a leading provider of Software-as-a-Service (SaaS) to businesses that want to promote customer commitment and interaction. Capillary provides businesses with marketing strategies, CRM platforms and dedicated loyalty services that are multi-channel in nature. Its technology facilitates the understanding of consumers' behaviors, the creation of targeted campaigns and the increase of lifetime customer value. The company operates on a subscription-based SaaS model and receives revenue through license, professional services and technical support.
Operations and Product Range
Facility and Production
Capillary Technologies IPO is in the business of building in-house SaaS software powered by proprietary cloud infrastructure and an engineering team based in Bengaluru. It focuses on scalable enterprise offerings delivered in the cloud that cater to retailers, hospitality emporia and other consumer-facing businesses. Capillary is still investing in R&D, product innovation and infrastructure to grow its domestic presence as well as internationally.
Brands and Market Presence
Capillary Technologies has a worldwide reach of over 250 enterprises and processes an annual transaction volume exceeding $1 billion. Its suite features loyalty programs, AI-based recommendations, automation tools, data analysis and omnichannel interaction. The company is well-known for providing top-notch service to leading brands in India, Southeast Asia, the Middle East and other regions. It has significant clients in retail, food, clothing and hospitality.
Capillary Technologies IPO Revenue Channels
Capillary makes money primarily through long-term SaaS subscriptions, setup charges as well as customization, integration services and ongoing support. It reported strong financial performance, total revenue up 14% to ₹611.87 crore in FY2025 and profit after tax soaring 121% to ₹14.15 crore from ₹-68.35 crore in FY2024. Key Metrics include EBITDA margin of 13.13%, PAT margin of 2.37%, return on net worth (RoNW) at 2.85% and a debt-to-equity ratio of 0.18.
Management and Shareholding
Promoters and Shareholding
The management of Capillary Technologies IPO is administratively proficient and the CEO and founder actively participate in shaping the vision. Existing investors and founders participated in the IPO; before its release, they held significant stakes. After the issue, the stock became more diverse due to the secondary sales. The leadership has expertise in the areas of SaaS, cloud computing and customer interaction.
Board Members
The Capillary Technologies IPO is professionally managed, with the founder and CEO driving the vision. Promoters and existing investors hold a large chunk before the issue, with the fresh issue/secondary share sale leading to dilution post-IPO. The management has experience in the SaaS, cloud technology and customer engagement sectors.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Capillary Technologies IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Capillary Technologies IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 14, 2025 to November 18, 2025 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Issue Price Band | ₹549 to ₹577 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,52,07,998 shares (aggregating up to ₹877.50 Cr) |
| Fresh Issue(Ex Market Maker) | 59,79,202 shares (aggregating up to ₹345.00 Cr) |
| Offer for Sale | 92,28,796 shares of ₹2 (aggregating up to ₹532.50 Cr) |
| Employee Discount | ₹52.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,33,29,138 shares |
| Share Holding Post Issue | 7,93,08,340 shares |
Capillary Technologies IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Nov 14, 2025 |
| IPO Close Date | Tue, Nov 18, 2025 |
| Tentative Allotment | Wed, Nov 19, 2025 |
| Initiation of Refunds | Thu, Nov 20, 2025 |
| Credit of Shares to Demat | Thu, Nov 20, 2025 |
| Tentative Listing Date | Fri, Nov 21, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 18, 2025 |
Capillary Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 25 | ₹14,425 |
| Individual investors (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 |
Capillary Technologies IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 67.90% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • The leader in loyalty services and data-driven customer engagement for companies.
- • Proprietary, cloud-native tech stack with strong R&D focus.
- • A powerful international and Indian client base, which involves exposure to consumers, retailers and hospitality professionals.
- • Constant revenue growth, increased profitability and consistent cash flows.
- • Scalable business model with powerful data/analytics capabilities.
Capillary Technologies IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 892.33 | 362.56 | 1.03 | 509.38 | 88.94 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 839 | 612 | 14 | 481 | 100.09 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 871.07 | 535.44 | -68.35 | 452.13 | 77.17 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 466.41 | 266.25 | -88.56 | 99.75 | 147.47 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 2.76% |
| ROCE | 0.18 |
| Debt/Equity | 2.85% |
| RoNW | 2.37% |
| PAT Margin | 13.13% |
| EBITDA Margin | 8.87 |
| Price to Book Value | ₹4,576.09 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.93 | 0 |
| P/E (x) | 298.93 | 2,215 |
Capillary Technologies IPO Objectives
The net proceeds of the new issue from Capillary Technologies IPO will be used to:
- 1.Financing the expansion of cloud infrastructure (INR 120Cr)
- 2.R&D and product development expenditure (₹151.54 crores)
- 3.Purchase of computer systems for business use (₹10.32 crores)
- 4.Facilitating inorganic growth through planned acquisitions and general corporate endeavors
Conclusion
The Capillary Technologies IPO offers investors an opportunity to participate in a rapidly growing sector of SaaS that serves high-end consumer brands in India and abroad. Through its proprietary cloud platform, R&D focus, large client base and increased profitability, Capillary is well-positioned to capitalize on the growth in digital loyalty and interaction solutions. The IPO is a rare opportunity to participate in the enterprise cloud and AI movement, particularly in the Indian industry, which is increasingly adopting digital technology.
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Frequently asked Questions (FAQs )
-
How large is Capillary Technologies IPO?
The total IPO size is ₹877.5 crore, of which a little over ₹345 crore is through the fresh issue and the rest is OFS.
-
Who are the promoters of Capillary Technologies India Ltd?
The issue is promoted and led by the founder/CEO and a professional management team with deep SaaS expertise.
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What is the purpose of the initial public offering of Capillary Technologies IPO?
Primarily including cloud infrastructure expansion, product R&D, IT upgrades and acquisition of opportunities.
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What is the core business of Capillary Technologies?
The core business includes customer loyalty, engagement, data analytics and marketing automation SaaS for enterprises.
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How has Capillary performed financially?
Revenue/PAT increased by 14%/121% YoY, respectively and margins/return ratios expanded sharply.
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