The share allotments for Capillary Technologies IPO will likely be finalised by today, November 19. IPO applicants can check their allotment status on the official websites of BSE and NSE, as well as the official site of its registrar, MUFG Intime India (formerly Link Intime India).
This comes after the Rs 877.5-crore IPO of Capillary Technologies, which offers artificial intelligence-based cloud-native Software-as-a-Service (SaaS) products and solutions, saw strong investor interest during its three days of public bidding.
The maiden public issue of the company got subscribed nearly 53 times its offer size (5,295 percent) between November 14 and November 18. Qualified Institutional Buyers (QIB) showed the most interest, subscribing their reserved portion over 57 times. Retail portion was booked around 16 times.
Capillary Technologies IPO GMP:
Ahead of listing, the unlisted shares of Capillary Technologies were trading with 10.57 percent grey market premium (GMP) over the IPO price, according to data on Investorgain. The GMP quoted by the site has decreased from the 10.75 percent quoted yesterday, but increased from the 3.99 percent quoted on November 16.
According to IPO Watch, the unlisted shares of the company were trading with 10.91 percent GMP over the IPO price.
Capillary Technologies IPO: How to check allotment status on NSE?
Capillary Technologies launched its IPO to raise Rs 877.5 crore through a fresh issue of Rs 345 crore shares and an offer-for sale (OFS) of 92.28 lakh shares amounting to Rs 532.5 crore by promoter Capillary Technologies International, and investor Trudy Holdings.
The price band for the IPO was set at Rs 549-577 per share. A day before the IPO opened for public subscription, the Bengaluru-based company announced that it has raised nearly Rs 394 crore from 21 anchor investors on November 13.
Capillary Technologies aims to spend Rs 143 crore from the fresh issue proceeds for cloud infrastructure, and Rs 71.6 crore for research, designing and development of products and platform. Another Rs 10.3 crore is set to be used to buy computer systems for business, while the remainder funds will be used for inorganic growth and general corporate purposes.
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