Overview

• Capillary filed its draft red herring prospectus with SEBI on June 19, seeking to raise ₹430 crore through a fresh share issue alongside an offer for sale of 1.83 crore equity shares
• The IPO’s book-running lead managers are JM Financial Ltd., IIFL Capital Ltd. and Nomura Pvt., with proposed listings on the National Stock Exchange and BSE
• Proceeds from the fresh issue will fund expansion of cloud infrastructure, product research and development, purchase of computer systems and strategic acquisitions
• In FY25 the SaaS provider reported a profit after tax of ₹13.3 crore on operating revenues of ₹598.3 crore, reversing a ₹59.4 crore loss in the prior year
• This marks Capillary’s second listing attempt after deferring 2021 IPO plans and comes as it builds on backing from Qualcomm Ventures, Norwest Venture Partners and Avataar Ventures