Overview
- The stock opened at Rs 571.9 on the NSE versus the Rs 577 issue price and at Rs 560 on the BSE before climbing to about Rs 600 shortly after the debut.
- The book-built IPO raised roughly Rs 877.5 crore, comprising a fresh issue of about Rs 345 crore and an offer for sale of around Rs 532.5 crore.
- Investor demand was strong with overall subscription at about 52.95 times, including 69.84 times for NIIs, 57.27 times for QIBs, and 15.82 times for retail buyers.
- Ahead of listing, Investorgain’s grey‑market premium implied an expected price near Rs 635, a level the first trades did not reach.
- Capillary provides AI-based, cloud‑native SaaS loyalty solutions for enterprises, with MUFG Intime as registrar and JM Financial, IIFL and Nomura as book‑running lead managers.