IPO Details
| IPO Date | November 14, 2025 to November 18, 2025 |
| Listing Date | November 21, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹549 to ₹577 per share |
| Issue Price Final | ₹577 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,52,11,431 shares (aggregating up to ₹877.70 Cr) |
| Fresh Issue | 59,82,635 shares (aggregating up to ₹345.20 Cr) |
| Offer for Sale | 92,28,796 shares of ₹2 (aggregating up to ₹532.50 Cr) |
| Employee Discount | ₹52.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,33,29,138 shares |
| Share Holding Post Issue | 7,93,11,773 shares |
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 57.30 |
| Non-Institutional Buyers | 69.83 |
| bNII (bids above ₹10L) | 85.42 |
| sNII (bids below ₹10L) | 38.64 |
| Retail Investors | 15.71 |
| Employees | 6.86 |
| Total ** | 52.94 |
IPO Important Dates
| IPO Open Date | Fri, Nov 14, 2025 |
| IPO Close Date | Tue, Nov 18, 2025 |
| Tentative Allotment | Wed, Nov 19, 2025 |
| Initiation of Refunds | Thu, Nov 20, 2025 |
| Credit of Shares to Demat | Thu, Nov 20, 2025 |
| Tentative Listing Date | Fri, Nov 21, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 18, 2025 |
IPO Lot Size
| 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 |
Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
| 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
| ROCE | 2.76 |
| Debt/Equity | 0.18 |
| RoNW | 2.85 |
| PAT Margin | 2.37 |
| EBITDA Margin | 13.13 |
| Price to Book Value | 8.87 |
| Market Capitalization | 4576.09 |
Peers Comparison
| Our Company (Fiscal 2025) | 1.93 | 1.91 | 65.03 | | 2.85 |
| Salesforce, Inc. | 540.79 | 534.07 | 5,441.60 | 40.07 | 10.26 |
| Adobe Inc. | 1,038.29 | 1,032.44 | 2,650.28 | 28.60 | 36.74 |
| HubSpot, Inc. | 7.53 | 7.53 | 3,153.16 | | 0.29 |
| Braze, Inc. | -85.65 | -85.65 | 402.61 | | -22.58 |
Information about company
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.
Key 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.
The company primarily operates on a subscription-based SaaS model, generating revenue from software licenses, professional services, and support.
Competitive Strengths:
Market Leader in Loyalty Solutions
Comprehensive Solutions (Loyalty+, Insights+, Engage+, Rewards+) for Diverse Segments
Multiple loyalty program 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
Objectives of IPO
The Company Capillary Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding our cloud infrastructure cost
143.00
2
Investment in research, designing and development of our products and platform
71.58
3
Investment in purchase of computer systems for our business
10.34
4
Funding inorganic growth through unidentified acquisitions and general corporate purposes
97.99
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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Day Wise Sub
| Day 1
Nov 14, 2025 | 0.29 | 0.28 | 0.39 | 0.06 | 0.28 | 0.92 | 0.29 |
| Day 2
Nov 17, 2025 | 0.31 | 0.56 | 0.60 | 0.47 | 1.09 | 1.96 | 0.52 |
| Day 3
Nov 18, 2025 | 57.30 | 69.83 | 85.42 | 38.64 | 15.71 | 6.86 | 52.94 |
Day Wise GMP
| 21-11-2025 | 577.00 | 55(9.53%) | 632 |
| 20-11-2025 | 577.00 | 53(9.19%) | 630 |
| 19-11-2025 | 577.00 | 55(9.53%) | 632 |
| 18-11-2025 | 577.00 | 62(10.75%) | 639 |
| 17-11-2025 | 577.00 | 29(5.03%) | 606 |
| 16-11-2025 | 577.00 | 23(3.99%) | 600 |
| 15-11-2025 | 577.00 | 45(7.80%) | 622 |
| 14-11-2025 | 577.00 | 50(8.67%) | 627 |
| 13-11-2025 | 577.00 | 0(0.00%) | 577 |
| 12-11-2025 | 577.00 | 0(0.00%) | 577 |
| 11-11-2025 | 577.00 | 0(0.00%) | 577 |
| 10-11-2025 | | 0(0.00%) | (0.00%) |
| 09-11-2025 | | 0(%) | (%) |
IPO Reservation
| QIB Shares Offered | 1,13,80,003 (74.81%) | NA |
| − Anchor Investor Shares Offered | 68,28,001 (44.89%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 45,52,002 (29.92%) | NA |
| NII (HNI) Shares Offered | 22,76,000 (14.96%) | NA |
| − bNII > ₹10L | 15,17,334 (9.97%) | 4,335 |
| − sNII < ₹10L | 7,58,666 (4.99%) | 2,167 |
| Retail Shares Offered | 15,17,333 (9.97%) | 60,693 |
| Employee Shares Offered | 38,095 (0.25%) | NA |
| Total Shares Offered | 1,52,11,431 (100.00%) | |