Capillary Technologies India incorporated on March 15, 2012. The company is a technology-first company and offer artificial intelligence-based cloud-native Software-as-a-Solution products and solutions such as automated loyalty management and customer data platforms that enable their large enterprise customers to develop loyalty of their consumers and channel partners
| Bidding Dates |
|---|
| 14 Nov 2025 - 18 Nov 2025 |
| Subscription |
|---|
| 52.95x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,725 | 1 | 13 | 25 | 15.2 M | ₹549 - ₹577 | 52.05 % | ₹8349.2 M - ₹8775.0 M | RHP DOC |
Capillary Technologies IPO SUBSCRIPTION STATUS
18 Nov '25Capillary Technologies IPO overall subscription rate was 52.95 times the total available shares
Capillary Technologies IPO retail subscription rate was 15.82 times in the retail segment
Capillary Technologies IPO non-institutional investor subscription rate was 69.84 times in the non-institutional investor category
Capillary Technologies IPO Qualified Institutional Bidder subscription rate was 57.27 times the available shares for Qualified Institutional Bidder
Capillary Technologies IPO Employees subscription rate was 6.88 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 9.97% | 14.96% | 74.81% | 0.25% |
18 Nov 2025 (Day 3) | 15.82x | 69.84x | 57.27x | 6.88x |
17 Nov 2025 (Day 2) | 1.05x | 0.56x | 0.31x | 1.93x |
14 Nov 2025 (Day 1) | 0.26x | 0.28x | 0.29x | 0.87x |
Capillary Technologies FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 359.2 | 1.0 | 55.5 | 37.2 | 11.1% |
| H1FY25 | 287.2 | -6.8 | -53.5 | -76.8 | 8.4% |
| FY25 | 598.3 | 13.3 | -46.2 | -93.6 | 13.1% |
| FY24 | 525.1 | -59.4 | 97.1 | 60.4 | -0.3% |
| FY23 | 255.4 | -87.7 | -20.1 | -48.3 | -22.8% |
Capillary Technologies IPO SUBSCRIPTION STATUS DETAILS
Capillary Technologies had 15.2 M shares on offer
Capillary Technologies IPO offer price was in the range ₹549 - ₹577
Capillary Technologies IPO minimum Investment was ₹13725
Capillary Technologies IPO issue size was ₹ 8349.2 M - ₹ 8775.0 M
Capillary Technologies had a minimum lot size of 25 Shares per application
Capillary Technologies NUMBER OF SHARES ON OFFER
Capillary Technologies IPO IMPORTANT DATES
| Issue Open Date | 14 Nov 2025 |
| Issue close Date | 18 Nov 2025 |
| Allotment Date | 19 Nov 2025 |
| Refund Date | 20 Nov 2025 |
| Demat Account Credit Date | 20 Nov 2025 |
| Listing Date | 21 Nov 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Capillary Technologies Allotment Status | Exchange/ Registrar |
Capillary Technologies IPO subscription opened on 14 Nov 2025, and closed on 18 Nov 2025
IPO allotment for Capillary Technologies was finalized on Wednesday, 19 Nov 2025
IPO listing for Capillary Technologies was on NSE and BSE on Friday, 21 Nov 2025
Capillary Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 577.0 |
| Listing Open Price | 571.9 |
| Listing Close Price | 606.5 |
| Listing Gain% | -0.9% |
| Current Gain% | -9.4% |
Capillary Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capillary Technologies India Ltd. | 523 | 4147.4 | 98.9 | 0.5 | 5.1 | 5.1 | 4 | 748.3 | 22.3 | 52.4 | 294.5 | 5.3 | 215.8 |
| Tata Technologies Ltd. | 865.2 | 35131.6 | 63.1 | -3.4 | 5.9 | 13.9 | 6.1 | 5680.1 | 7.3 | 546.6 | -19.3 | 13.7 | -18.7 |
| RateGain Travel Technologies Ltd. | 908.8 | 10766.5 | 44.4 | 2.9 | 4.6 | 9.7 | 5.5 | 1884.9 | 63.5 | 194.4 | -7 | 20.5 | 15.1 |
| Intellect Design Arena Ltd. | 723.6 | 10150.4 | 28.8 | 465.3 | 3.2 | 10.9 | 7.5 | 3160.8 | 22.7 | 345.4 | 3.8 | 25.2 | 0.1 |
| Aurionpro Solutions Ltd. | 727.2 | 4018.4 | 19.7 | 3.9 | 2.8 | 12 | 9 | 1440.4 | 20.7 | 209.3 | 12.4 | 36.9 | 5.1 |
| Zaggle Prepaid Ocean Services Ltd. | 203.6 | 2738.1 | 19.8 | 0.3 | 1.4 | 9.8 | 8.9 | 1945.6 | 46.2 | 138.1 | 57.1 | 10.3 | 57.1 |
Capillary Technologies INFORMATION ON IPO ISSUE
About Capillary Technologies
Capillary Technologies India incorporated on March 15, 2012. The company is a technology-first company and offer artificial intelligence-based cloud-native Software-as-a-Solution products and solutions such as automated loyalty management and customer data platforms that enable their large enterprise customers to develop loyalty of their consumers and channel partners
Object of the Issue
- Repayment/prepayment of all or certain portion of outstanding borrowings availed by the company (including accrued interest)
- Investment in product development, investments in technology and other growth initiatives
- Strategic investments and acquisitions
- General corporate purposes
Capillary Technologies - PROMOTERS
| Name |
|---|
| Capillary Technologies International Pte. Ltd |
Capillary Technologies - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Neelam Dhawan | Chairperson & Independent Director |
| Aneesh Reddy Boddu | Managing Director & Chief Executive Officer |
| Anant Choubey | Whole-time Director, Chief Financial Officer & Chief Operating Officer |
| Farid Lalji Kazani | Independent Director |
| Venkat Ramana Tadanki | Independent Director |
| Peeyush Ranjan | Independent Director |
Capillary Technologies Book Running Lead Manager
JM Financial Limited
capillary.ipo@jmfl.com
IIFL Capital Services Limited
capillary.ipo@iiflcap.com
Nomura Financial Advisory and Securities (India) Private Limited
capillaryipo@nomura.com
Capillary Technologies Registrar to the Offer
MUFG Intime India Private Limited
capillarytechnologies.ipo@in.mpms.mufg.com
Capillary Technologies Strengths
Market leader
The company offers AI-driven SaaS products for CRM and loyalty management, including email marketing, automation, ABM, and analytics tools. With over a decade of experience, it is a global leader in loyalty solutions as of FY25
Cloud-based infrastructure
The company’s scalable cloud-based platform enables real-time data processing with high speed and stability. It integrates smoothly with customers' existing tech systems to support complex business operations
Artificial Intelligence-driven
The company enhances customer engagement through AI-driven solutions powered by aiRA, an advanced assistant launched in May 2023. aiRA uses generative AI and RAG to deliver real-time, data-backed responses
Capillary Technologies Risks
Risks of inorganic growth
The company has previously made acquisitions to expand services and reach new customers. It continues to pursue inorganic growth opportunities as part of its strategy
Innovation delays
The company’s growth relies on timely, cost-efficient innovation of its platform and products. Failure to meet customer expectations could negatively affect its business and financial performance
Talent dependence & rising employee costs
The company relies on employees for product development, platform upkeep, and customer growth, incurring substantial staff costs. Difficulty attracting or retaining skilled talent could harm operations and finances
IPO FAQs
This IPO consists of an offer for sale of up to Rs 532.5 crore, of 9,228,796 shares. It also consists of a fresh issue of Rs 345.0 crore.
The promoter of the company is Capillary Technologies International Pte. Ltd.
The category allocation of qualified institutional buyers is 74.8%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 549.0 - 577.0.
The IPO application opens on Nov 14, 2025 and closes on Nov 18, 2025.
The minimum lot size for the IPO is 25. The maximum lot size for the IPO is 325.
For all category investors, the minimum application amount for this IPO is Rs. 13,725.0, the maximum value for this IPO is Rs 187,525.0.
This IPO will be allotted on Nov 19, 2025.
The refund will be credited to your account on Nov 20, 2025.
The allotted shares will be credited to your demat on Nov 20, 2025.
Capillary Technologies India Ltd.’s shares listed on the stock exchanges on Nov 21, 2025.