About the company
Capillary Technologies is a software product company that offers artificial intelligence (AI)-based cloud-native Software-as-a-Service (SaaS) products and solutions primarily to enterprise customers worldwide to develop the loyalty of its consumer and channel partners. The company claims to be one of the few players in the loyalty management space that offers end-to-end loyalty solutions. The diversified product suite, which includes the Advanced Loyalty Management Platform (Loyalty+), Connected Engagement Platform (Engage+), Predictive Analytics Platform (Insights+), Rewards Management Platform (Rewards+) and Customer Data Platform (CDP), enables customers to run end-to-end loyalty programs, gain a comprehensive view of consumers and deliver unified, cross-channel strategies that provide customers with a real-time omni-channel, personalized and consistent experience offer.
The company will support more than 410 brands in 47 countries as of September 30, 2025, with the goal of businesses building consumer value using the company’s innovative solutions.
About the matter
The bid will be made through the book building process whereby not more than 75% of the net bid will be allocated to qualified institutional buyers (QIBs), a maximum of 15% of the net bid will be allocated to non-institutional bidders (NIIs) and a maximum of 10% of the net bid will be allocated to individual retail bidders. Retail investors can bid for a minimum of 25 shares and then in multiples of 25 shares.
Capillary Technologies IPO
Capillary Technologies shares had no gray market premium (GMP) as of Tuesday, November 11 at 2 p.m.
Capillary Technologies IPO timeline
The allotment of shares is likely to take place on Tuesday, November 19, while the redemption will take place on Wednesday, November 20. Crediting of shares to the demat accounts of applicants is expected on the same day. The share will likely be listed on Friday, November 21.
Capillary Technologies India IPO to go ahead
The net proceeds from the fresh issue, up to an amount of up to Rs 143 crore, will be used to fund cloud infrastructure costs. Another Rs 71.6 crore will be used for research, design and development of the company’s products and platform.The company will use Rs 10.34 crore for investments in purchasing computer systems for its operations and the balance for financing inorganic growth through unidentified acquisitions and general corporate purposes.
Capillary Technologies said the amount to be used for general corporate purposes and for unidentified acquisitions and other strategic initiatives will not exceed 35% of gross proceeds.
Financial services from Capillary Technologies
The company’s consolidated revenue for the six months ended September 30, 2025 was Rs 359 crore versus Rs 287 crore for the six months ended September 30, 2024.
Consolidated revenue from operations stood at Rs 598 crore during FY25, compared to Rs 525 crore during FY24 and Rs 255 crore during FY23.
Capillary Technologies IPO Lead Managers
JM Financial Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the book-running lead managers and MUFG Intime India Private is the registrar of the offer.
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