Capillary Technologies IPO Details
The key details of Capillary Technologies India’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹877.50 Cr |
| Price Range | ₹549 – ₹577 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 25 |
| Investment (cut-off price) | ₹14,425 |
| Pre IPO Promotor Holding | 67.90% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Capillary Technologies IPO Timelines
The IPO process for Capillary Technologies India includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
14/11/2025
Start Date18/11/2025
End Date20/11/2025
Refund Initiation20/11/2025
Credit of Shares to Demat Ac21/11/2025
Listing DateCapillary Technologies IPO Lot Size
The Capillary Technologies IPO has a fixed lot size of 25 shares, at an upper price band of ₹577 per share. For retail investors, the minimum application is 25 shares (1 lot) amounting to ₹14,425, while the maximum is 325 shares (13 lots) worth ₹1,87,525. For Small HNI (S-HNI) investors, the minimum application is 350 shares (14 lots) worth ₹2,01,950, while the maximum is 1,725 shares (69 lots) amounting to ₹9,95,325. Big HNI (B-HNI) investors need to apply for at least 1,750 shares (70 lots), totaling ₹10,09,750.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 25 | ₹14,425 |
| Retail Maximum | 13 | 325 | ₹1,87,525 |
| S-HNI Minimum | 14 | 350 | ₹2,01,950 |
| S-HNI Maximum | 69 | 1725 | ₹9,95,325 |
| B-HNI Minimum | 70 | 1750 | ₹10,09,750 |
Capillary Technologies IPO Subscription Status
The subscription status for Capillary Technologies India IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 57.30x | 69.85x | 15.85x | 6.88x | 52.98x |
IPO Performance on Listing Day
On the listing day (November 21, 2025), Capillary Technologies made a cautious debut on the stock exchange. The stock opened at ₹571.90, marginally below its issue price of ₹577 with a minor discount of 0.9%. However, the customer engagement and retail technology platform gained significant momentum throughout the trading session, surging to a day high of ₹633.90, showcasing strong investor enthusiasm for SaaS-based retail solutions. Despite touching a low of ₹570.05, the shares concluded their first trading day at ₹606.50, delivering a solid gain of 5.1% over the issue price, reflecting growing investor confidence in the enterprise technology sector despite the initial subdued opening for this AI-powered customer loyalty and engagement platform provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹571.90 | ₹606.50 | ₹633.90 | ₹570.05 |
Capillary Technologies IPO Company Financials
Capillary Technologies India reports robust performance in FY2025 with Total Income of ₹611.87 crores, managing expenses at ₹533.30 crores, and achieving a strong PAT (Profit After Tax) of ₹14.15 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹266.25 | ₹324.59 | -₹88.56 |
| FY 2024 | ₹535.44 | ₹536.93 | -₹68.35 |
| FY 2025 | ₹611.87 | ₹533.30 | ₹14.15 |
| FY 2026 (6 M) | ₹362.56 | ₹322.74 | ₹1.03 |
About Company
Capillary Technologies India Ltd, founded in 2008 and headquartered in Bengaluru, is a leading Indian software-as-a-service company specializing in customer loyalty and engagement solutions. The company offers a comprehensive suite of products that help brands better understand and connect with their customers using data-driven insights. Its key offerings include scalable and customizable loyalty management programs for industries such as retail, FMCG, and hospitality, along with customer engagement and marketing automation tools that enable personalized communication through SMS, email, and push notifications.
Capillary also provides advanced AI and analytics solutions that deliver real-time customer insights and predictive analytics, as well as omnichannel CRM tools that ensure consistent customer engagement across online and offline platforms. Serving over 250 brands in more than 30 countries, including prominent names like Tata, Domino’s, Jockey, PUMA, and Shell, Capillary operates primarily on a subscription-based SaaS model, generating revenue from software licenses, professional services, and customer support.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2008 | IT (Information Technology) | Aneesh Reddy |
Know Before Investing
Capillary Technologies IPO Strengths
- Capillary Technologies India is a leading SaaS provider of AI-powered cloud-native loyalty, engagement, and commerce platforms, serving over 250 brands across 30+ countries.
- The company counts marquee clients including Tata, Domino’s, Jockey, and Shell, driving recurring revenue and brand trust.
- Offers an integrated platform comprising Loyalty+, Insights+, Engage+, and Rewards+ that provide end-to-end customer engagement solutions.
- Capillary uses AI and machine learning to deliver real-time insights, predictive analytics, and personalized marketing automation.
- The company’s total income grew from ₹266 crore in FY23 to ₹612 crore in FY25, reflecting strong scaling and market demand.
Capillary Technologies IPO Risks
- Top 5 and top 10 customers contribute approximately 43% and 59% of revenue respectively, increasing dependence on a few clients.
- More than 56% of revenues come from North America, exposing the company to fluctuations in specific regional markets.
- Although profitable in FY25, the company has not shown consistent long-term profit history, raising sustainability concerns.
- Faces competition from domestic and global SaaS players like Salesforce, Adobe, HubSpot, and Braze which may limit growth.
- Failure to renew or expand key contracts could materially impact revenue and growth trajectories.
- Demand for loyalty and marketing software is sensitive to corporate IT budgets and macroeconomic conditions.
Swot Analysis for Capillary Technologies IPO
Strengths
AI-Powered Loyalty Platform, Multi-Industry Expertise, Proven Recovery & Growth
Weaknesses
Customer Concentration, Intense Talent Competition, Complex Integration Needs
Opportunities
Expanding Loyalty Market, AI & Data Analytics Innovation, Cross-Industry Adoption
Threats
Competitive Market, Data Privacy Regulations, Integration Risks
Company Details
Capillary Technologies India Ltd.
#360 bearing PID No 101, 360, 15th Cross Rd, Sector 4, HSR Layout, Bengaluru, Karnataka, 560102
Phone: +91 80 4122 5179
Email: investorrelations@capillarytech.com
Website: http://www.capillarytech.com/
IPO Registar Details
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: capillarytechnologies.ipo@in.mpms.m
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Capillary Technologies IPO are:
- Funding their cloud infrastructure cost
- Investment in research, designing and development of their products and platform
- Investment in purchase of computer systems for their business
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
JM Financial Ltd. , IIFL Capital Services Ltd. , Nomura Financial Advisory & Securities (India) Pvt. Ltd. are the book-running lead managers for the Capillary Technologies IPO.
Capillary Technologies shows strong growth potential driven by global demand for AI-powered SaaS loyalty and engagement solutions. With 57% revenue from North America, expanding cloud infrastructure, and long-term enterprise contracts, the company is well positioned for scalable international growth and consistent revenue visibility across multiple sectors.
The issue price for the Capillary Technologies IPO is set between ₹549 to ₹577 per share.
To invest in one lot of Capillary Technologies IPO, you need ₹13,725 at the lower price band (₹549 per share) or ₹14,425 at the upper price band (₹577 per share) for a lot size of 25 shares.
Capillary Technologies IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 21, 2025.
Refund/unblocking of funds for Capillary Technologies IPO will begin on November 20, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Capillary Technologies IPO shares on listing day (November 21, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.