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Capillary Technologies Limited

The Capillary Technologies IPO will open for subscription on November 14, 2025, and will close on November 18, 2025. This IPO is a book-built issue, through which the company plans to raise approximately ₹877.50 crore. The issue comprises a fresh issue worth ₹345 crore along with an offer for sale of up to 92,28,796 equity shares, each having a face value of ₹2.

The price band for the Capillary Technologies IPO has been fixed at ₹549 to ₹577 per share. The allocation is structured with 75% reserved for QIBs, 15% for HNIs, and 10% for retail investors. The shares are proposed to be listed on both the BSE and NSE on November 21, 2025, while the allotment is expected on November 19, 2025.

From a financial perspective, Capillary Technologies has shown a notable turnaround. The company reported revenue of ₹611.87 crore in FY2025, compared to ₹535.44 crore in FY2024. Importantly, the company posted a profit of ₹13.28 crore in FY2025, reversing a loss of ₹59.38 crore in FY2024.

Considering the improvement in financial performance and growth prospects, the IPO appears suitable for long-term investors.

Capillary Technologies Limited IPO & Charts
₹577

0%

Open

₹577

HIgh - Low

₹577

Previous Close

₹577

Total Traded Value

0

52 Weeks High

₹577

52 Weeks Low

₹577

Updates On

Nov 10, 2025

IPO. Open

Nov 14, 2026

IPO. Close

Nov 18, 2026

IPO. Price

₹577.00

IPO Market price

₹4,576.09 Cr

IPO Details

IPO Date 21 Nov
IPO Listing Date 21 Nov
IPO Face Value ₹2.00 per share
IPO Price Range ₹577.00
IPO Issue Size 1,52,11,431 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount ₹52.00
IPO Issue Type Bookbuilding IPO
IPO Listing BSE, NSE Platform
Share Holding Pre Issue 7,33,29,138 shares

IPO Timeline

IPO Open Date 14 Nov
IPO Close Date 18 Nov
IPO Allotment (Tentative) 19 Nov
Refunds 20 Nov
Credit to Demat Account 20 Nov
IPO Listing Date 21 Nov

IPO Reservation

Category Offer
QIB Shares Offered 45,52,002 Shares
NII (HNI) Shares Offered 22,76,000 Shares
Retail Shares Offered 15,17,333 Shares

IPO Lot Size

Investors can bid for a minimum of 25 shares, with additional shares in multiples of 25.

Application Lots Share 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
About Company

Capillary Technologies India Ltd is a leading Indian software-as-a-service (SaaS) company specialising in customer loyalty and engagement solutions. Founded in 2008 and headquartered in Bengaluru, the company offers an integrated technology platform that enables brands to better understand, engage, and retain their customers through data-driven insights.

Key Offerings
Loyalty Management Solutions: Provides scalable and highly customisable loyalty programs for enterprises across industries such as retail, FMCG, and hospitality.
Customer Engagement and Marketing Automation: Enables personalised customer communication through SMS, email, push notifications, and other digital channels.
AI and Advanced Analytics: Utilises artificial intelligence and machine learning to deliver real-time customer insights and predictive analytics.
Omnichannel CRM: Helps brands maintain consistent and seamless customer engagement across online and offline touchpoints.

Clients and Global Presence
Capillary Technologies serves over 250 brands across more than 30 countries. Its client portfolio includes prominent names such as Tata, Domino’s, Jockey, PUMA, and Shell. The company primarily operates on a subscription-based SaaS model, generating revenue through software subscriptions, professional services, and customer support.

Competitive Strengths
The company is recognised as a market leader in customer loyalty solutions. It offers a comprehensive product suite including Loyalty+, Insights+, Engage+, and Rewards+, catering to diverse industry segments. Capillary Technologies has the capability to manage multiple loyalty programs and coalitions for large retailers and conglomerates. It has strong offerings in customer and fleet loyalty solutions for energy retail, supported by a scalable cloud-based infrastructure with seamless system integration. The company also benefits from long-term and diversified customer relationships supported by high net revenue retention.

Capillary Technologies India Ltd. reported a 14% increase in revenue and a 121% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025.

Company Financials (Consolidated)

Assets 892.33 838.65 871.07
Total Income 362.56 611.87 535.44
Profit After Tax 1.03 14.15 -68.35
EBITDA 39.82 78.57 -1.49
NET Worth 509.38 481.42 452.13
Reserves and Surplus 149.34 170.26 30.89
Total Borrowing 88.94 100.09 77.17

Key Performance Indicator (KPI)

ROE -
ROCE 2.76%
Debt/Equity 0.18
RoNW 2.85%
PAT Margin 2.37%
EBITDA Margin 13.13%
Price to Book Value 8.87
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 97.99
4 Offer for Sale (OFS) -

Contact Details

Capillary Technologies India Ltd.
#360 bearing PID No 101, 360,
15th Cross Rd, Sector 4,
HSR Layout, Bengaluru, Karnataka
Bengaluru, Karnataka, 560102
Phone: +91 80 4122 5179
Email: investorrelations@capillarytech.com
Website: http://www.capillarytech.com/

Detail Registrar

IPO Registrar
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: capillarytechnologies.ipo@in.mpms.m
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

FAQ

The Capillary Technologies IPO opened on November 14, 2025, closed on November 18, 2025, with allotment on November 19 and listing scheduled for November 21, 2025.

The IPO price band was ₹549–₹577 per share. Retail investors could apply for a minimum of one lot of 25 shares, requiring an investment of ₹14,425.

The IPO size was approximately ₹877.50 crore, comprising a fresh issue worth ₹345 crore and an offer for sale of up to 92,28,796 equity shares.

Capillary Technologies reported revenue growth to ₹611.87 crore in FY2025 and returned to profitability with a PAT of ₹14.15 crore after losses in previous years.

With improving profitability, a scalable SaaS business model, strong global clientele, and growing margins, the IPO appears suitable for long-term investors with moderate risk appetite.

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