IPO Alert: Capillary Technologies Going Public on November 14

Capillary Technologies India Ltd, a Bengaluru-based SaaS company, will open its initial public offering (IPO) on November 14, 2025, after filing its Red Herring Prospectus (RHP) on November 7. 

The anchor book will open for a day on November 13, while the issue will close for public subscription on November 18. The company will finalise share allotments by November 19, and its shares are expected to list on the BSE and NSE on November 21, 2025.

Capillary Technologies Issue Details

The IPO will include a fresh issue worth ₹345 crore and an offer-for-sale (OFS) of about 92.28 lakh shares by promoter Capillary Technologies International and investor Trudy Holdings. The issue type is book-built, with a face value of ₹2 per share. The IPO price band and lot size have not yet been disclosed.

Changes From Earlier Filing

Capillary had reduced its IPO size from what was initially proposed in the draft prospectus filed in June 2025, which mentioned a ₹430 crore fresh issue and an OFS of 1.83 crore shares. The Securities and Exchange Board of India (SEBI) gave its approval for the revised plan in September 2025.

Capillary Technologies Use Of Proceeds

The company plans to use ₹143 crore from the issue for cloud infrastructure, ₹71.6 crore for product research and development, and ₹10.3 crore for computer systems. The remaining amount will be used for inorganic growth initiatives and general corporate purposes.

Capillary Technologies Shareholding Structure

Promoters currently hold 67.18% of Capillary Technologies, while 32.82% is owned by public shareholders such as Ronal Holdings (7.53%), AVP Fund (5.51%), and Trudy Holdings (4.49%). The promoter group includes investors Qualcomm, Peak XV Partners, and Xto10x Technologies.

Capillary Technologies Financial Performance

For the 6 months ended September 2025, the company reported a net profit of ₹1.03 crore, compared to a loss of ₹6.8 crore in the same period last year. Revenue rose 25% year-on-year to ₹359.2 crore from ₹287.2 crore.

Read More: Think Investments Injects ₹136 Crore into PhysicsWallah Ahead of IPO!

Conclusion

Capillary Technologies’ IPO will be open from November 14 to November 18, with shares expected to list on November 21, 2025.

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