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Capillary Technologies IPO is a bookbuilt issue of ₹877.50 crore. It combines a fresh issue of 0.60 crore shares aggregating to ₹345.00 crore and an offer for sale of 0.92 crore shares aggregating to ₹532.50 crore.
The IPO opens for subscription on November 14, 2025, and closes on November 18, 2025. The allotment is expected to be finalized on Wednesday, November 19, 2025. The price band for the IPO is set at ₹549 to ₹577 per share, and the minimum lot size for an application is 25 shares.
Company Summary
Capillary Technologies India Ltd is a leading Indian software-as-a-service (SaaS) company that specializes in customer loyalty and engagement solutions. Founded in 2008 and headquartered in Bengaluru, Capillary offers a comprehensive suite of products that help brands understand and engage their customers more effectively through data-driven insights.
The company primarily operates on a subscription-based SaaS model, generating revenue from software licenses, professional services, and support.
Company Offerings
- Loyalty Management Solutions: Capillary provides scalable, customizable loyalty programs for enterprises across industries like retail, FMCG, and hospitality.
- Customer Engagement & Marketing Automation: The platform enables personalized marketing through SMS, email, push notifications, and more.
- AI & Analytics: Their tools leverage AI and machine learning to deliver real-time customer insights and predictive analytics.
- Omnichannel CRM: Helps brands maintain consistent engagement with customers across online and offline channels.
- Clients & Global Reach: Capillary serves over 250 brands across more than 30 countries, including major names like Tata, Domino’s, Jockey, PUMA, and Shell.
Company Strengths
- Market Leader in Loyalty Solutions
- Comprehensive Solutions (Loyalty+, Insights+, Engage+, Rewards+) for Diverse Segments
- Multiple loyalty programs and coalitions for retailers and conglomerates
- Customer and fleet loyalty for energy retail
- Scalable Cloud-Based Infrastructure with Seamless Integration
- Diverse Long-Term Customer Relationships with High Net Revenue Retention
Company Financials
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,243.88 | 1,013.96 | 609.64 | 514.56 |
| Total Income | 597.79 | 1,550.09 | 927.2 | 665.33 |
| Profit After Tax | 67.59 | 156.34 | 45.3 | 24.37 |
| EBITDA | 105.89 | 248.52 | 98.64 | 51.6 |
| Net Worth | 464.34 | 396.82 | 239.54 | 193.08 |
| Reserves and Surplus | 436.33 | 368.81 | 215 | 70.55 |
| Total Borrowing | 432.83 | 346.22 | 200.19 | 211.14 |
| Amount in ₹ Crore | ||||
Objectives of IPO
- Funding our cloud infrastructure costs
- Investment in research, design, and development of our products and platform
- Investment in the purchase of computer systems for our business
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Promoters of the company
Capillary Technologies International Pte Ltd and Aneesh Reddy Boddu are the company promoters.
IPO Details
| IPO Date | November 14, 2025 to November 18, 2025 |
| Listing Date | November 21, 2025 |
| Face Value | ₹2 per share |
| Price Band | ₹549 to ₹577 per share |
| Lot size | 25 shares |
| Total Issue size | 1,52,07,998 shares (aggregating upto ₹877.50 Cr ) |
| Fresh Issue | 59,79,202 shares (aggregating upto ₹345.00 Cr ) |
| Offer for Sale | 92,28,796 shares of ₹2 (aggregating upto ₹532.50 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 7,33,29,138 shares |
| Share Holding Post Issue | 7,93,08,340 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII | 1. Employee limit: (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 25 | ₹14,425.00 |
| Retail (Max) | 13 | 325 | ₹1,87,525.00 |
| S-HNI (Min) | 14 | 350 | ₹2,01,950.00 |
| S-HNI (Max) | 69 | 1,725 | ₹9,95,325.00 |
| B-HNI (Min) | 70 | 1,750 | ₹10,09,750.00 |
Allotment Schedule
| Basis of Allotment | Wed, 19 Nov, 2025 |
| Initiation of Refunds | Thu, 20 Nov, 2025 |
| Credit of Shares to Demat | Thu, 20 Nov, 2025 |
| Tentative Listing Date | Fri, 21 Nov, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 18, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
To check allotment, click here
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