Capillary Technologies IPO Enters Final Day
The initial public offering of Capillary Technologies, a prominent provider of artificial intelligence-driven customer loyalty solutions, is set to conclude for public subscription today, Tuesday, November 18. This marks the final opportunity for investors to participate in what has been one of the most anticipated public issues in the Indian technology sector.
IPO Structure and Financial Details
The total size of the Capillary Technologies IPO stands at an impressive ₹877.5 crore, with the company establishing a price band of ₹549 to ₹577 per share. The offering comprises two distinct components: a fresh issue worth ₹345 crore and an offer for sale consisting of 92,28,796 shares from existing stakeholders.
Even before the public subscription window opened, the company demonstrated strong institutional interest by securing ₹394 crore from anchor investors. This pre-IPO placement indicates significant confidence from qualified institutional buyers in the company's growth prospects and business model.
Business Model and Financial Performance
Capillary Technologies has established itself as a leading player in the Software-as-a-Service domain, specializing in AI-powered, cloud-based loyalty program solutions for global enterprises and their channel partners. The company's technology enables businesses to enhance customer engagement and retention through sophisticated data analytics and personalized marketing approaches.
The financial metrics reveal an interesting trajectory for the company. Capillary Technologies reported consolidated revenues of ₹359.21 crore for the first half of FY26, which represents a notable performance when considered against the full-year revenue of ₹598.25 crore recorded in FY25. These figures underscore the company's growing market presence and the increasing adoption of its loyalty management solutions across various industry verticals.
As the subscription period concludes today, market analysts are closely watching the final subscription numbers, which will determine the allocation patterns for various investor categories. The successful completion of this IPO could potentially pave the way for more technology-focused companies to tap into the public markets, reflecting the evolving landscape of India's capital markets and the growing investor appetite for innovative technology businesses.
