Capillary Technologies IPO opens for subscription on November 14, 2025, and closes on November 18, 2025. The issue is priced in a band of ₹549 to ₹577 per share with a lot size of 25 shares. Capillary Technologies IPO aims to raise ₹877.50 crore, comprising a fresh issue of ₹345 crore and an offer for sale of ₹532.50 crore. The company is a global SaaS firm specializing in AI-powered, cloud-native loyalty, engagement, and commerce platforms, serving 393 brands across 46 countries, including 16 Global Fortune 500 companies. The Capillary Technologies IPO offers investors exposure to the fast-growing SaaS market with strong global reach and technology leadership.
₹60
₹577
₹571.90
Expert Opinions
Market sentiment for Capillary Technologies IPO is neutral, with investors assessing steady SaaS growth and recent profitability. Capillary’s strengths include a global client base spanning over 410 brands in 47 countries, robust revenue growth to ₹598 crore in FY 2025, and recurring high-margin contracts in customer engagement. Risks stem from the competitive SaaS industry, rapid technology evolution, and the challenge of sustaining profitability at scale.
Valuation analysis of Capillary Technologies IPO and year 2025 shows ROCE at 2.76%, Price to Book Value at 8.87, and Net Asset Value (NAV) at ₹65.03, reflecting improvement but relatively modest returns versus valuation. Long-term prospects rely on India’s digital transformation, international SaaS demand, and the company’s ability to integrate acquisitions and enhance AI offerings to maintain operating leverage and profitability.
Investor Considerations
Capillary Technologies IPO investors should note the company’s turnaround in performance, with revenue rising 14% to ₹611.87 crore and net profit reaching ₹14.15 crore in FY 2025 after prior losses. The sector outlook is positive, driven by digital transformation and rising demand for SaaS solutions. Valuation analysis for Capillary Technologies IPO in 2025 shows a Return on Net Worth (RoNW) of 2.85%, Debt/Equity ratio of 0.18, and PAT Margin of 2.37%, indicating modest profitability and low leverage.
Growth prospects are supported by global expansion, product innovation, and recurring revenue streams. Risks include customer concentration, geographic dependence, and competitive pressures. The IPO is best suited for long-term investors seeking exposure to SaaS-driven growth, while short-term investors should monitor sector volatility and execution risks.
| Date | GMP | Trend |
|---|---|---|
| 20 Nov 2025 20.12 | ₹60 | Up |
| 19 Nov 2025 19.39 | ₹50 | Down |
| 18 Nov 2025 19.14 | ₹55 | Up |
| 15 Nov 2025 18.56 | ₹45 | Up |
| 14 Nov 2025 19.16 | ₹30 | Up |
| 13 Nov 2025 11.01 | ₹00 | --- |
| 12 Nov 2025 19.43 | ₹00 | --- |
| 10 Nov 2025 20.16 | ₹00 | --- |
| 09 Nov 2025 16.18 | ₹00 | --- |
FAQs
The Grey Market Premium showed weak accuracy in predicting Capillary Technologies India IPO’s listing performance. With a final GMP of ₹60, it projected a premium of about 10.4% over the issue price of ₹577, but the stock instead listed slightly lower at ₹571.90 in the pre-open market, resulting in a marginal loss of around 0.9%. This created a large prediction error of roughly 11.3%, indicating that the GMP incorrectly signaled a positive listing and significantly overestimated the outcome, reflecting poor reliability in this case.
Capillary Technologies IPO Current GMP is ₹60.
Capillary Technologies IPO Expected Returns is 10.40%.
Capillary Technologies IPO estimated listing price is ₹637.