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Capillary Technologies Sets IPO Price Band at INR 549–577 for INR 877.5 Crore Offer Opening Nov. 14

The AI-led loyalty software provider will deploy fresh capital into cloud infrastructure, product R&D, computer systems, acquisitions, plus general corporate purposes.

Overview

  • Offer size totals about INR 877.5 crore, comprising a INR 345 crore fresh issue and an offer for sale of up to 92.29 lakh shares.
  • Anchor bidding is slated for November 13, with public subscription running November 14–18 under a 75% QIB, 15% NII, 10% retail allocation and a 25-share minimum lot.
  • At the top of the band (INR 577), Capillary’s implied valuation is roughly INR 4,576 crore (about $515 million).
  • H1 FY26 results show a turnaround with consolidated net profit of INR 1 crore, revenue up ~25% to INR 359.2 crore, and EBITDA margin improving to 11% from 8% a year earlier.
  • Promoter Capillary Technologies International Pte Ltd will sell about 85.41 lakh shares and Trudy Holdings 6.88 lakh via the OFS; the RHP trimmed the issue versus draft plans as several shareholders withdrew proposed sales.