Capillary Technologies India, the Bengaluru-based software-as-a-service (SaaS) technology company, has filed Red Herring Prospectus (RHP) with the Registrar of Companies on November 7 to launch its maiden public issue on November 14.
The IPO anchor book for a day will be opened on November 13, while the public issue will remain open for all investors till November 18. The company will finalise the IPO share allotment by November 19, while Capillary Technologies shares will be available for trading on the BSE and NSE effective November 21.
The company is raising Rs 345 crore via fresh shares, while promoter Capillary Technologies International, and investor Trudy Holdings will be selling over 92.28 lakh shares through offer-for-sale.
The company that offers artificial intelligence (AI)-based cloud-native SaaS products and solutions has reduced its IPO size. As per DRHP refiled in June this year, the fresh issue was Rs 430 crore, and offer-for-sale component of 1.83 crore equity shares. The SEBI approved the said draft document in September this year.
Promoters hold 67.18 percent stake in Capillary Technologies India, and the 32.82 percent shares are owned by public shareholders including Ronal Holdings (7.53 percent stake), AVP Fund (5.51 percent), Trudy Holdings (4.49 percent), Filter Capital India Fund (3.66 percent), and Schroders Capital (1.54 percent).
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Promoter Capillary Technologies International is backed by Qualcomm, Peak XV Partners, and Xto10x Technologies.
Aneesh Reddy Boddu-founded Capillary Technologies intends to spend Rs 143 crore for cloud infrastructure, Rs 71.6 crore for research, designing and development of products and platform, and Rs 10.3 crore for purchase of computer systems. And the remainder funds for inorganic growth and general corporate purposes.
Capillary, the AI-powered loyalty and customer engagement solutions does not have comparable peer in the Indian listed space, while it compares with global competitors like Salesforce, Adobe, HubSpot, and Braze.
On the financial front, the company reported profit at Rs 1.03 crore for the six months period ended September 2025, against loss of Rs 6.8 crore in the corresponding period last fiscal. Revenue in the same period grew by 25 percent to Rs 359.2 crore, up from Rs 287.2 crore.
JM Financial, IIFL Capital Services, are Nomura Financial Advisory and Securities (India) are managing the Capillary Technologies IPO.
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