Indian stock markets are set to welcome a new player as Capillary Technologies makes its highly anticipated debut on the trading floors today. The SaaS company's initial public offering has generated significant buzz among investors, with grey market premiums pointing toward a strong listing performance.
IPO Listing Details and Schedule
Capillary Technologies India Limited will commence trading on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Friday, November 21. According to exchange notifications, the company will be included in the 'B' group of securities and will participate in the Special Pre-open Session (SPOS) before regular trading begins at 10:00 AM.
The public offering opened for subscription from November 14 to November 18, with share allotments finalized on November 19. The company successfully mobilized Rs 877.50 crore through this book-built issue, which comprised both fresh issuance and an offer-for-sale component.
Grey Market Premium and Listing Expectations
Investor enthusiasm is clearly reflected in the grey market, where Capillary Technologies shares are commanding a significant premium. As per data from Investorgain, the grey market premium (GMP) on Friday stood at Rs 630 per share, indicating unlisted shares are trading Rs 53 above the upper end of the IPO price band.
Based on current GMP trends, market observers expect the stock to list around Rs 635 per share, representing approximately 10% premium over the IPO price of Rs 577. This strong debut expectation follows robust subscription numbers across all investor categories.
IPO Subscription Breakdown and Financial Details
The public issue witnessed overwhelming response from investors, with the overall subscription reaching 52.95 times the offered shares. The breakdown reveals particularly strong interest from institutional investors, with the Qualified Institutional Buyers (QIBs) segment subscribed 57.27 times.
Non-Institutional Investors (NIIs) demonstrated even greater enthusiasm, subscribing 69.84 times their allotted portion, while retail investors participated actively with 15.82 times subscription.
The IPO price band was fixed between Rs 549 and Rs 577 per share. The offering included a fresh issuance of 59.79 lakh shares amounting to Rs 345 crore and an offer-for-sale (OFS) of 92.28 lakh shares worth Rs 532.50 crore by existing shareholders.
MUFG Intime India Pvt Ltd served as the registrar for the issue, while JM Financial, IIFL Capital Service, and Nomura Financial Advisory and Securities acted as the book-running lead managers for this significant market debut.
The successful IPO and expected strong listing mark an important milestone for Capillary Technologies, reflecting growing investor confidence in the SaaS sector and the company's business prospects in the digital transformation space.
