Highlights
Capillary Technologies Secures Rs 393.7 Crore from Anchor Investors
Capillary Technologies has raised Rs 393.7 crore from 21 anchor investors at the upper price point of Rs 577 per share, in anticipation of its IPO subscription opening tomorrow (November 14). The company’s submission to the stock exchanges revealed that 68,28,001 equity shares have been allocated to anchor investors at Rs 577 each to accumulate the aforementioned amount.
Out of the total shares allocated to anchor investors, 46.1 lakh shares (67.52%) went to nine domestic mutual funds across 13 schemes, raising Rs 266 crore. Notable domestic investors include SBI Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Mutual Fund, and Edelweiss Mutual Fund, among others.
Global Participation in the Anchor Round
Global investors also took part in this anchor round, with companies like Amundi Funds, Matthews India Fund, HSBC Global Investment Funds – Asia Ex Japan Smaller Companies, PineBridge India Equity Fund, Hornbill Orchid, and Innoven Capital investing.
Management and Revision of IPO Details
The IPO is being managed by JM Financial, IIFL Capital, and Nomura, with MUFG Intime serving as the registrar. According to the company’s Red Herring Prospectus (RHP), Capillary Technologies has decreased its fresh issue size to Rs 345 crore from an earlier estimate of Rs 430 crore. Additionally, the offer-for-sale (OFS) component has been reduced to 92.2 lakh shares, down from 1.83 crore shares indicated in the draft prospectus.
Company Overview and Financial Performance
Founded in 2008 by Aneesh Reddy, Krishna Mehra, and Ajay Modani, Capillary provides cloud-native loyalty, customer relationship management (CRM), and customer engagement solutions to over 390 brands across 46 countries. This includes well-known names such as Tata Digital, Aditya Birla Fashion, and Abbott Labs.
From a financial standpoint, Capillary Technologies showcased impressive growth in FY25, reporting a revenue increase of 14% year-on-year to reach Rs 598 crore. Furthermore, the company achieved profitability, recording a net profit of Rs 14.1 crore, a significant turnaround from a loss of Rs 68 crore in FY24.