Capillary Technologies' Rs 877.5-Crore IPO Opens Nov. 14 After Rs 394-Crore Anchor Book at Upper Band

Overview

• The public subscription runs November 14–18, with allotment expected November 19, share credits and refunds on November 20, and a tentative listing on BSE and NSE on November 21.
• Anchor investors bought 68.28 lakh shares at Rs 577 apiece to raise about Rs 393.9–394 crore, with roughly 68% allocated to nine domestic mutual fund houses across 13 schemes.
• The issue comprises a Rs 345 crore fresh share sale and an offer for sale of about 92.29 lakh shares within a Rs 549–577 price band, implying a valuation near Rs 4,576 crore at the top end.
• Proceeds are earmarked for cloud infrastructure, research and product development, potential inorganic growth, debt repayment, and general corporate purposes.
• Grey-market indications showed a nil premium on November 13, a speculative signal that could change once bidding begins.