Capillary Technologies' IPO Opens Nov 14 After Issue Size Revision

Capillary Technologies has submitted the red herring prospectus (RHP) for its initial public offering (IPO), which includes an offer for sale (OFS) of up to 92.29 lakh shares and a fresh issue of up to INR 345 Cr. Bidding for the IPO will begin on November 14 and end on November 18.

The date of the anchor bidding is November 13. On November 21, the company's shares are anticipated to go public on exchanges. Notably, in contrast to its proposal in the DRHP, the corporation has reduced the amount of the public problem. According to the DRHP, the OFS component was to consist of up to 1.83 Cr shares, while the fresh issuance was to be up to INR 430 Cr.

Company’s Plan to Utilise Proceeds

Plans to sell shares through OFS have been cancelled by Ronal Holdings, Filter Capital India, Sripathi Venkata Ramana Reddy, Harminder Sahni, Adarsh Reddy B, Sudhakar Reddy Katanguri, Sripathi Damodar Reddy, and Manjunath Nanjaiah. The RHP states that Trudy Holdings will sell up to 6.88 lakh shares through the OFS, while promoter Capillary Technologies International Pte Ltd (CTIPL) intends to sell 85.41 lakh shares.

The following are the ways the business intends to spend the money raised from the new issue: Cloud infrastructure has been allocated INR 143 Cr. Research, design, and development of its goods and platform will cost INR 71.6 Cr. Computer systems will be purchased for INR 10.3 Cr. The remaining sum will be used by the business for general corporate objectives and unspecified acquisitions.

About Capillary Technologies and its Financial Dynamics

Capillary Technologies was founded in 2008 by Aneesh Reddy and specialised in offering its clients platforms for consumer interaction and loyalty management. Through its AI-powered platform, it assists companies in a variety of industries in increasing consumer interaction, boosting revenue, and cultivating brand loyalty. In the first half of the fiscal year 2025–2026, Capillary Technologies recorded a net profit of INR 1 Cr, compared to a loss of INR 6.8 Cr in the first half of FY25.

In H1 FY26, operating revenue increased by 25% to INR 359.2 Cr from INR 287.2 Cr the year before. Compared to a deficit of INR 59.4 Cr in the prior fiscal year, it had a net profit of INR 13.3 Cr in FY25. Operating revenue increased 14% from INR 525.1 Cr in FY24 to INR 598.3 Cr.