CAPILLARY TECHNOLOGIES INDIA LIMITED

14 Nov 2025 - 18 Nov 2025 Individual Category Main Board BSE NSE

Min Investment

₹14425

Price Band

₹549-₹577

Issue Size

83.83 lakhs
Equity Shares

Lot Size

25 (per lot)

IPO Dates
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14 Nov 2025

Open Date

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18 Nov 2025

Close Date

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TBI

Allotment Date

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21 Nov 2025

Listing Date

Capillary Technologies IPO, valued at Rs 877.50 crores, is a book-built issue comprising a fresh issue of 0.60 crore shares worth Rs 345.00 crores and an offer for sale of 0.92 crore shares totaling Rs 532.50 crores. The IPO will open for subscription on November 14, 2025, and close on November 18, 2025, with allotment expected on November 19, 2025. The company’s shares are set to list on both BSE and NSE, with a tentative listing date of November 21, 2025. The price band has been fixed between Rs 549 and Rs 577 per share. Investors can apply for a minimum of one lot containing 25 shares, requiring an investment of Rs 14,425 at the upper price band. For small non-institutional investors (sNII), the minimum application is 14 lots (350 shares) worth Rs 2,01,950, while for big non-institutional investors (bNII), it is 70 lots (1,750 shares) amounting to Rs 10,09,750. JM Financial Ltd. is serving as the book-running lead manager, and MUFG Intime India Pvt Ltd is the registrar for the issue.

Know Before Investing

Strengths icon

  • Leading SaaS-based loyalty and customer engagement platform across Asia and the Middle East.
  • AI-driven analytics enable brands to personalize customer experiences effectively.
  • Strong global clientele including marquee brands across retail, BFSI, and hospitality.
  • Scalable cloud-based infrastructure with multi-language, multi-currency capabilities.
  • Experienced leadership with deep expertise in technology and enterprise solutions.

Weaknesses icon

  • Heavy dependence on a few large enterprise clients for major revenue share.
  • Rapidly evolving technology landscape may require continuous innovation.
  • Exposure to data privacy, cybersecurity, and regulatory compliance risks.
  • Intense competition from global SaaS and customer engagement platforms.
  • Foreign currency and geopolitical exposure from significant overseas operations.

About Capillary Technologies India Limited

Capillary Technologies is a technology-first company offering artificial intelligence (AI)–based, cloud-native Software-as-a-Service (SaaS) products and solutions, including automated loyalty management and Customer Data Platforms (CDP). These solutions enable large enterprise customers—typically contributing more than ₹3.50 million in annual revenue—to strengthen loyalty among their consumers and channel partners. Our diversified product suite and technology platform allow enterprises to run end-to-end loyalty programs, gain a comprehensive 360° view of their consumers, and execute unified, cross-channel strategies that deliver a real-time, omnichannel, personalised, and consistent customer experience. Capillary is the market leader in the Asia-Pacific region, holding a 39% market share in loyalty management capabilities as of 2020 (based on the areas we operate in and excluding employee loyalty) (Source: Zinnov Report). We have also expanded into the United States through the acquisition of Persuade Group in September 2021. As part of our ongoing commitment to innovation, we focus on building intellectual property and currently hold eight patents and 38 trademarks.

IPO Objectives

1. Funding our cloud infrastructure costs 2. Investment in research, designing and development of our products and platform 3. Investment in the purchase of computer systems for our business  4. Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Company Promoters

Aneesh Reddy Boddu

Capillary Technologies International Pte. Ltd

How to Apply for IPO

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