Capillary Technologies IPO Description – Capillary Technologies is a global AI-driven, cloud-native SaaS company specializing in loyalty and engagement management solutions for enterprise customers. As of 30 September 2025, the company served over 410 brands across 47 countries, with a presence in 16 offices worldwide. Its diversified product suite—Loyalty+, Engage+, Insights+, Rewards+, and CDP—enables enterprises to build end-to-end loyalty ecosystems integrating ERP, POS, and e-commerce systems.
In the six months ended 30 September 2025, Capillary reported INR 359.22 crore in revenue, with 98.23% derived from enterprise customers, including 19 Global Fortune 500 firms. North America contributed 56.01% of the revenues, followed by the Asia-Pacific region (24.99%) and the EMEA region (19.00%). The company’s sectoral mix was led by retail (30.01%), healthcare (17.59%), and BFSI & telecommunications (16.23%).
Promoters of Capillary Technologies – Capillary Technologies International and Aneesh Reddy Boddu
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Capillary Technologies IPO Details
| Capillary Technologies IPO Dates | 14 – 18 November 2025 |
| Capillary Technologies Issue Price | INR 549 – 577 per share Employee discount – INR 52 per share |
| Fresh issue | INR 345 crore |
| Offer For Sale | 92,28,796 shares (INR 506.66 – 532.50 crore) |
| Total IPO size | INR 851.66 – 877.50 crore |
| Minimum bid (lot size) | 25 shares (INR 14,425) |
| Face Value | INR 2 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Capillary Technologies Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 156.43 | 402.13 | 481.11 | 321.11 |
| Expenses | 324.59 | 536.93 | 533.30 | 322.74 |
| Net income | (87.72) | (59.38) | 13.28 | 1.03 |
| Margin (%) | (56.08) | (14.77) | 2.76 | 0.32 |
Capillary Technologies Offer News
- Capillary Technologies RHP
- Capillary Technologies DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Capillary Technologies Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026 (Post-Issue)* | |
| EPS | (17.46) | (10.55) | 1.79 | 0.26 |
| PE Ratio | – | – | 306.70 – 322.35 | 2,111.54 – 2,219.23 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | (135.93) | (21.52) | 2.85 |
| NAV | 19.77 | 79.20 | 65.03 |
| ROCE (%) | (28.45) | (9.34) | 2.76 |
| EBITDA (%) | (22.84) | (0.28) | 13.13 |
| Debt/Equity | 0.79 | 0.14 | 0.18 |
Capillary Technologies IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| 20 November 2025 | 55 | 1,000 |
| 19 November 2025 | 62 | 1,100 |
| 18 November 2025 | 28 | 600 |
| 17 November 2025 | 22 | 400 |
| 15 November 2025 | 50 | 1,000 |
Capillary Technologies Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding the cloud infrastructure cost – INR 143 crore
- Investment in research, designing, and development of the products and platform – INR 71.58 crore
- Investment in purchase of computer systems for the business – INR 10.34 crore
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
Capillary Technologies IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Emp | Total |
|---|---|---|---|---|---|
| Shares Offered | 45,52,002 | 22,76,000 | 15,17,333 | 38,095 | 83,83,430 |
| 18 Nov 2025 | 57.27 | 69.84 | 15.82 | 6.88 | 52.95 |
| 17 Nov 2025 | 0.31 | 0.56 | 1.05 | 1.93 | 0.52 |
| 14 Nov 2025 | 0.29 | 0.28 | 0.26 | 0.87 | 0.28 |
68,28,001 shares allotted to anchor investors are not included in these calculations.
Capillary Technologies – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Capillary Technologies | 322.35 | 1.79 | 2.85 | 65.03 | 598.26 |
| Salesforce | 40.07 | 534.07 | 10.26 | 5,441.60 | 3,18,215.34 |
| Adobe | 28.60 | 1,032.44 | 36.74 | 2,650.28 | 1,79,633.40 |
Capillary Technologies IPO Allotment Status
Capillary Technologies IPO allotment status is now available on MUFG Intime India’s website. Click on this link to get the allotment status.
Capillary Technologies IPO Dates & Listing Performance
| IPO Opening Date | 14 November 2025 |
| IPO Closing Date | 18 November 2025 |
| Finalization of Basis of Allotment | 19 November 2025 |
| Initiation of refunds | 20 November 2025 |
| Transfer of shares to demat accounts | 20 November 2025 |
| Capillary Technologies IPO Listing Date | 21 November 2025 |
| Opening Price on NSE | INR 571.90 per share (down 0.88%) |
| Closing Price on NSE | INR 606.50 per share (up 5.11%) |
Capillary Technologies IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Axis Capital –
Antique Stock Broking –
Arihant Capital – Neutral
Ashika Research –
Bajaj Financial – Not rated
BP Wealth – Avoid
Capital Market – Neutral
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
Elite Wealth – Avoid
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities –
ICICIdirect – Unrated
IDBI – Subscribe for long term
Jainam Broking – Avoid
DR Choksey –
LKP Research –
Marwadi Financial – Avoid
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
SBI Securities – Avoid
Samco Securities – Avoid
SMC Global – 1.5/5
Swastika Investmart – Avoid
Ventura Securities – Not rated
Capillary Technologies IPO Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy Appsaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Phone: +9122 6630 3030
Email: [email protected]
Website: www.jmfl.com
Capillary Technologies Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli (West)
Mumbai 400 083
Phone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Capillary Technologies Contact Details
CAPILLARY TECHNOLOGIES INDIA LIMITED
360 bearing PID No 101, 360, 15th Cross Rd,
Sector 4, HSR Layout, Bengaluru 560 102
Phone: +91 80 4122 5179
Email: [email protected]
Website: www.capillarytech.com
Capillary Technologies IPO FAQs
How many shares in the Capillary Technologies IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in the Capillary Technologies Public Offer?
The best way to apply for Capillary Technologies public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the Capillary Technologies IPO GMP today?
Capillary Technologies IPO GMP today is INR 55 per share.
What is the Capillary Technologies kostak rate today?
Capillary Technologies kostak rate today is INR NA per application.
What is Capillary Technologies Subject to Sauda rate today?
Capillary Technologies Subject to Sauda rate today is INR 1,000 per application.