Capillary Technologies had initially planned to raise Rs 430 crore through the primary issue but later reduced it to Rs 345 crore,
Capillary is likely to issue fresh shares worth around Rs 200-300 crore and the remaining Rs 1,200-1,300 crore will be through share sales. The company is likely to list in the second half of the year
Cofounder Aneesh Reddy said that the firm has reached the break-even stage and expects to have 10% more free cash in the next few quarters. The company reported an operating revenue of Rs 163.3 crore, up nearly 42 percent in FY22.
In this episode of CNBC-TV18's Young Turks, meet IITians Anish Reddy, Krishna Mehra and Ajay Modani who found Capillary Technologies in 2008 to help retailers intelligently engage with customers through mobile, social networking and in-store channels.
Two college buddies drop out of their jobs, tinker around with a few ideas, and come up with just the product customers were looking for.