Capillary Technologies IPO Draws 52% Subscription on Day Two

Overview

• By 5 p.m. on day two, the offer was subscribed 0.52 times, with 43.35 lakh bids against 83.83 lakh shares on offer.
• Retail investors were subscribed 1.05 times, non-institutional investors 0.56 times, qualified institutional buyers 0.31 times, and the employee tranche 1.93 times.
• The price band is Rs 549–577 per share, implying an issue size of about Rs 877–877.5 crore, with proposed listings on the NSE and BSE.
• The offer comprises a fresh issue of about Rs 345 crore and an offer for sale of roughly 92.3 lakh shares, and the bidding is scheduled to close on November 18.
• Anchor investors committed about Rs 394 crore last week, while grey market indications point to a premium near Rs 29, according to InvestorGain.