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Capillary Technologies Have Filed DRHP with SEBI, IPO Amounts to Rs. 850 Crores

23 February 20234 mins read by Angel One
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One of India’s leading artificial intelligence-based SaaS companies, Capillary Technologies, has filed DRHP with market regulator SEBI to go public. The draft red herring prospectus indicates that the total share sale is likely to be worth Rs. 850 crores, comprising both OFS and fresh issue equity shares.

The dates of this initial public offering are yet to be made public, but experts predict the fourth quarter of FY2021 stock market debut for this upcoming technology company.

A Closer Look at the IPO

The initial public offering of Capillary Technologies, as mentioned above, will be worth Rs. 850 crores. This will include freshly issued equity shares of Rs. 200 crores and an offer for sale of Rs. 650 crores.

The primary holding company, i.e. Capillary International Technologies Pte. Ltd. (CTIPL), will be a part of this OFS. CTIPL currently holds a 98.06% stake in Capillary Technologies.

Additionally, the company also has plans to initiate a pre-IPO placement amounting to Rs. 40 crores. This move will be completed before filing this DRHP with the Registrar of Companies. Depending on when and how this private placement works out, Capillary Technologies will reposition the fresh issue portion of this public issue accordingly.

The fresh issue proceeds of this public issue will fund the following –

  1. Debt repayment
  2. Developing new products through technology upgradation
  3. Funding growth initiatives
  4. Making strategic investments and completing acquisitions
  5. Meeting general corporate purposes

About Capillary Technologies

Starting in 2012, Capillary Technologies has emerged as a leading product and service provider in the field of artificial intelligence. The company primarily works as a Software-as-a-Solution or SaaS provider with a wide range of products and services.

The product portfolio of Capillary Technologies includes the following –

  1. Curating data platform
  2. Running artificial intelligence-based marketing campaigns
  • Creating a smart e-commerce platform with AI assistance
  1. Using data to build a more engaging customer experience at a retail level
  2. Building a loyalty program for better customer experience

In a nutshell, Capillary Technologies has clients from a wide range of sectors that includes retail, fashion, consumer goods, restaurants, etc.

According to Capillary Technologies, it is the market leader in the Asia-Pacific region with about 39% market share in loyalty management as of 2020. Additionally, the company has made a profit of about Rs. 16 crores in FY2021.

Bottom Line

Capillary Technologies is an emerging firm in India’s expanding artificial intelligence market. In less than a decade of its presence in the competitive market, the company has garnered a reputation owing to its innovative approach and delivering the best possible solutions. Even though it is too early to call anything on this public issue, prospective investors must go through all the details before making any moves.

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Frequently Asked Questions

  1. When is the Capillary Technologies IPO going live?

Currently, there is no news regarding when this public issue of Capillary Technologies will go live.

  1. Who are the lead managers of this IPO?

The lead managers of this public issue are Nomura Financial Advisory and Securities (India), Kotak Mahindra Capital Company, and ICICI Securities has been appointed as the lead managers of this IPO.

  1. What are the price band and market lot of this Capillary Technologies IPO?

The price band and market lot of this Capillary Technologies IPO are not available yet.

Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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