Capillary Technologies IPO

Capillary Technologies IPO

Listed

MainboardOpens 14 November 2025Closes 18 November 2025

Capillary Technologies is a software product company specializing in AI-powered, cloud-based SaaS solutions for customer and partner loyalty and engagement management. It is recognized as one of the global leaders in…

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Live GMPSubscriptionAllotment
Price band
₹549 - ₹577
Issue size
₹877.5 Cr
Lot size
25 shares
Type
Mainboard
GMP
₹53 (+9.2%)
Est. listing
₹630
Est. profit / app
₹1,325
Retail quota
—

Key ratios

As per RHP / filings
Face value
₹2
EPS
0.26
P/E ratio
2,214.95
RoNW
2.85%
ROE
2.94%
Debt / Equity
0.18
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Timeline

IPO Opens

14 Nov

IPO Closes

18 Nov

Allotment

19 Nov

Listing

21 Nov

IPO Timeline & Listing Details

EventDate
IPO Open Date14 November 2025
IPO Close Date18 November 2025
Allotment Date19 November 2025
Listing Date21 November 2025

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,425
Retail (Max)Just less than ₹2,00,000
13₹1,87,525
SHNI (Min)Just above ₹2,00,000
14₹2,01,950
SHNI (Max)Below ₹10,00,000
69₹9,95,325
BHNIAbove ₹10,00,000
70₹10,09,750

IPO Objectives

  • Funding our cloud infrastructure cost (₹120.00 Cr).
  • Investment in research, designing and development of our products and platform (₹151.54 Cr).
  • Investment in purchase of computer systems for our business (₹10.32 Cr).
  • Funding inorganic growth through unidentified acquisitions and general corporate purposes.

Strengths

  • The company is a trusted global leader in loyalty solutions, offering AI-powered, cloud-based loyalty management platforms.
  • It provides a comprehensive and scalable loyalty management suite (Loyalty+, Engage+, Insights+) serving diverse market segments.
  • The business has diverse, long-term customer relationships, supporting over 410 brands across 47 countries, including 19 Global Fortune 500 companies.
  • It benefits from a strong sales engine and a proven playbook for integrating acquired businesses, aiding rapid growth.
  • The company achieved a significant turnaround to profitability in FY25 (₹14.15 Cr PAT), reversing a history of losses, indicating successful operational transition.
  • IPO proceeds are heavily weighted towards R&D (₹151.54 Cr) and cloud infrastructure, strengthening its technology moat.

Weaknesses

  • The P/E ratio of 302.09x (post-IPO) is extremely aggressive and relies entirely on achieving exponential future growth.
  • The company has a history of Net Losses, and net profitability achieved in FY25 is very recent, raising concerns about its long-term sustainability.
  • It is vulnerable to customer attrition, especially among large enterprise clients, given the highly competitive SaaS landscape.
  • The IPO includes a large Offer for Sale (OFS) component of ₹532.50 Cr, meaning a majority of the funds will not be infused into the company.
  • The business has high working capital needs and relies heavily on the effective deployment of IPO proceeds to sustain its ambitious growth initiatives.
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Financial Performance

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)892.33838.65871.07466.41
Revenue (₹ Cr.)362.56611.87535.44266.25
PAT (₹ Cr.)1.0314.15-68.35-88.56
Net Worth (₹ Cr.)509.38481.42452.1399.75

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Capillary Technologies8.872,214.952.76%509.38

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.29x0.31x57.3x
NII0.28x0.56x69.83x
S-HNI0.06x0.47x38.64x
B-HNI0.39x0.6x85.42x
RII0.28x1.09x15.71x
EMP0.92x1.96x6.86x
Total0.29x0.52x52.94x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB45,49,42726,06,87,70015,041.68
NII22,75,48615,88,88,5259,167.87
Small NII7,58,4952,93,09,2251,691.14
Big NII15,16,99012,95,79,3007,476.73
RII15,16,9902,38,24,6251,374.68
EMP38,0952,61,37515.08
Total83,79,99844,36,62,22525,599.31
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Company Details

  • Capillary Technologies India Ltd.
  • #360 bearing PID No 101, 360, 15th Cross Rd, Sector 4, HSR Layout, Bengaluru, Karnataka, Bengaluru, -560102
  • +91 80 4122 5179
  • investorrelations@capillarytech.com
  • http://www.capillarytech.com/

Registrar Details

Frequently Asked Questions

See live numbers on GMP, Subscription, and Allotment pages.

Capillary Technologies IPO News & Updates

Follow the latest updates for Capillary Technologies IPO, including grey market moves and allotment news.

Capillary Technologies IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Capillary Technologies IPO Details

Issue size, price, financials, and company info

Capillary Technologies IPO GMP

Live grey market premium and listing estimate

Capillary Technologies IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Capillary Technologies IPO Allotment

Allotment date, chances, and check by PAN

Capillary Technologies IPO Review

SWOT, strengths, risks, and IPO review

Capillary Technologies IPO FAQ

Common questions on dates, GMP, and allotment

Capillary Technologies IPO Registrar

Registrar website and how to check allotment

Capillary Technologies IPO Timeline

Open, close, allotment, and listing dates

Capillary Technologies IPO News

Updates, blogs, and latest IPO news

Sources

We match Capillary Technologies IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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