Highlights
Capillary Technologies IPO Launch Date and Details
Capillary Technologies, a SaaS startup, is gearing up for its initial public offering (IPO) set to commence on November 14 and conclude on November 18. The Bengaluru-based firm has also adjusted the scale of its public offering.
As per the updated filings from the company, Capillary is now aiming to secure Rs 345 crore through a fresh issuance, reduced from the previously proposed Rs 430 crore. Furthermore, the offer-for-sale (OFS) portion has been decreased to 92.2 lakh shares, down from the 1.83 crore shares indicated in the initial draft prospectus. The equity shares are intended to be listed on both the BSE and NSE.
Capillary submitted its Draft Red Herring Prospectus (DRHP) in June 2025 and obtained approval from SEBI in September. The book-running lead managers for this issue are Axis Capital, ICICI Securities, and JM Financial. Pricing details and valuations are anticipated to be revealed in the upcoming days.
Currently, promoters hold a 67.18% stake in Capillary Technologies India, while 32.82% is held by public shareholders. Notable investors consist of Ronal Holdings (7.53%), AVP Fund (5.51%), Trudy Holdings (4.49%), Filter Capital India Fund (3.66%), and Schroders Capital (1.54%).
Capillary Technologies Overview
Founded in 2008 by Aneesh Reddy, Krishna Mehra, and Ajay Modani, Capillary offers cloud-native loyalty, CRM, and customer engagement solutions to over 390 brands across 46 countries, including renowned names like Tata Digital, Aditya Birla Fashion, and Abbott Labs.
Financial Performance of Capillary Technologies
In terms of financial performance, the company showcased impressive results in FY25, reporting a 14% year-on-year increase in revenue, bringing it to Rs 598 crore. Capillary also achieved profitability during the year, with a net profit of Rs 14.1 crore compared to a loss of Rs 68 crore in FY24.
As per the start-up data intelligence platform, Capillary Technologies has amassed a total of $239 million in funding to date.
