Capillary Technologies IPO
Open MainLineCurrent GMP
₹55 (+9.53%)
Price Band
₹ 549 – 577
Lot Size
25
Issue Size
₹877.5 Cr
Minimum Investment
₹14425 (25 Shares)
Listing Date
21 November 2025
Subscription
52.95x
About the Company
Capillary Technologies India Limited is a Bengaluru-headquartered software product company specializing in AI-driven, cloud-native Software-as-a-Service (SaaS) solutions for enterprise customers worldwide. Established in 2008, the company focuses on enabling brands to build and strengthen consumer and channel partner loyalty through its advanced technology platforms and data-led insights.
According to the Zinnov Report (September 2025), Capillary is recognized as a global leader in loyalty and engagement management, standing out for its end-to-end loyalty solutions and comprehensive product ecosystem.
Product Portfolio
Capillary’s diversified suite of AI-powered products includes:
- Loyalty+ – Advanced loyalty management platform
- Engage+ – Connected customer engagement platform
- Insights+ – Predictive analytics and customer intelligence platform
- Rewards+ – Rewards and benefits management solution
- Customer Data Platform (CDP) – Unified customer view for personalized engagement
These platforms empower enterprises to run integrated, omnichannel loyalty and engagement programs, deliver personalized customer experiences, and enhance retention and repeat sales.
Global Presence and Client Base
Capillary supports over 410 brands across 47 countries, with offices spanning India, the United States, the United Kingdom, the UAE, and other parts of Asia. Its clientele includes leading brands across retail, FMCG, hospitality, and energy sectors, such as Tata, Domino’s, Jockey, PUMA, and Shell.
Business Model and Strengths
Operating primarily on a subscription-based SaaS model, Capillary generates revenue through software licenses, professional services, and ongoing support.
Key Competitive Strengths:
- Recognized global leader in loyalty and engagement solutions
- Comprehensive, scalable, and customizable SaaS platforms
- Proven success in large-scale, enterprise-grade loyalty programs
- AI-driven insights enabling data-backed decision-making
- Strong, long-term customer relationships with high net revenue retention
Overall, Capillary Technologies stands at the forefront of the global loyalty and customer engagement landscape, leveraging innovation, analytics, and AI to help enterprises build deeper, data-driven relationships with their customers.
Promoters
- Capillary Technologies International Pte Ltd
- Aneesh Reddy Boddu
Promoters Holding
Holding Pre Issue
67.90%
Holding Post Issue
0.00%
Objects of the Issue
The Company Capillary Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding our cloud infrastructure cost
- Investment in research, designing and development of our products and platform
- Investment in purchase of computer systems for our business
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Address / Contact Info
Capillary Technologies India Limited
#360 bearing PID No 101, 360,
15th Cross Rd, Sector 4,
HSR Layout, Bengaluru, Karnataka
Bengaluru, Karnataka, 560102
Phone: +91 80 4122 5179
Email: investorrelations@capillarytech.com
Website: http://www.capillarytech.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 14 November 2025
IPO Close Date
Tuesday, 18 November 2025
Basis of Allotment
Wednesday, 19 November 2025
Initiation of Refunds
Thursday, 20 November 2025
Credit of Shares to Demat
Thursday, 20 November 2025
Listing Date
Friday, 21 November 2025 — NSE & BSE
Important Dates
Open Date
14 November 2025
Close Date
18 November 2025
Basis Of Allotment
19 November 2025
Listing Date
21 November 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 892.33 | 838.65 | 871.07 | 466.41 |
| Revenue | 362.56 | 611.87 | 535.44 | 266.25 |
| Profit After Tax | 1.03 | 14.15 | -68.35 | -88.56 |
| Net Worth | 509.38 | 481.42 | 452.13 | 99.75 |
| Reserve & Surplus | 149.34 | 170.26 | 30.89 | 31.99 |
| Total Borrowings | 88.94 | 100.09 | 77.17 | 147.47 |
EPS Pre
1.93%
EPS Post
0.26%
P/E Pre
298.93
P/E (Post Issue)
2,214.95x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 0 | 0 | 0 |
| ROCE % | 2.76 | -9.34 | -28.45 |
| Debt / Equity | 0.18 | 0.14 | 0.79 |
| RoNW % | 2.85 | -21.52 | -135.93 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 2.37 | -13.02 | -34.68 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 4552002 | 54.3 | 0 |
| Non-Institutional | 2276000 | 27.15 | 0 |
| BNII | 1517334 | 18.1 | 0 |
| SNII | 758666 | 9.05 | 0 |
| Retail Investors | 1517333 | 18.1 | 0 |
| Employees | 38095 | 0.45 | 0 |
| Total | 8383430 | 100 | 0 |
Subscription Status ( Tue, 18 Nov 25 01:40 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 4552002 | 260687700 | 57.27x |
| Non-Institutional | 2276000 | 158944725 | 69.84x |
| BNII | 1517334 | 129579300 | 85.4x |
| SNII | 758666 | 29365425 | 38.71x |
| Retail Investors | 1517333 | 24001125 | 15.82x |
| Employees | 38095 | 262100 | 6.88x |
| Total | 8383430 | 443895650 | 52.95x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Capillary Technologies India Ltd | 2 | 0.00 | 1.93 | 1.91 | 2.85 | 65.03 |
| Salesforce, Inc | 0.08 | 40.07 | 540.79 | 534.07 | 10.26 | 5441.60 |
| Adobe Inc | 0.01 | 28.60 | 1038.29 | 1032.44 | 36.74 | 2650.28 |
| HubSpot, Inc | 0.09 | 0.00 | 7.53 | 7.53 | 0.29 | 3153.16 |
| Braze, Inc. | 0.01 | 0.00 | -85.65 | -85.65 | -22.58 | 402.61 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 25 | 14,425.00 |
| Retail (Max) | 13 | 325 | 187,525.00 |
| S-HNI (Min) | 14 | 350 | 201,950.00 |
| S-HNI (Max) | 69 | 1,725 | 995,325.00 |
| B-HNI (Min) | 70 | 1,750 | 1,009,750.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- IIFL Capital Services Limited
- JM Financial Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Capillary Technologies IPO is a Book-building IPO worth ₹877.5 crores. The price band is ₹549 to 577 per share. The IPO opens on Fri, Nov 14, 2025 and closes on Tue, Nov 18, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Capillary Technologies IPO opens on Fri, Nov 14, 2025 and closes on Tue, Nov 18, 2025
Capillary Technologies IPO Price Band is ₹549 to 577.
Capillary Technologies IPO lot size is 25, and the minimum amount required for application is ₹14425.
The minimum investment for Capillary Technologies IPO is approximately ₹14425 based on the upper price band.
To apply for the Capillary Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Nov 18, 2025. After submission, funds are blocked until the basis of allotment of Capillary Technologies IPO is finalised.
Capillary Technologies IPO issue size is ₹877.5 crores.
Capillary Technologies IPO allotment date is Sat, Jun 27, 2026.
The registrar for Capillary Technologies IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Capillary Technologies IPO through their official website or helpline.
The Capillary Technologies IPO GMP (Grey Market Premium) is ₹55 as of Fri, Nov 21, 2025. Based on the upper price band of ₹577 per share, the estimated Capillary Technologies IPO listing price is ₹632, indicating a potential listing gain of approximately 31% over the issue price.