Capillary Technologies IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 14 to Nov 18 2025
Price Band
₹549 - 577
Current GMP
₹571.9 (-0.88%)
Subscription
52.94 times
IPO Details
| IPO Date | November 14, 2025 to November 18, 2025 |
| Listing Date | November 21, 2025 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹549 to ₹577 per share |
| Issue Price Final | ₹577 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,52,11,431 shares (aggregating up to ₹877.70 Cr) |
| Fresh Issue | 59,82,635 shares (aggregating up to ₹345.20 Cr) |
| Offer for Sale | 92,28,796 shares of ₹2 (aggregating up to ₹532.50 Cr) |
| Employee Discount | ₹52.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,33,29,138 shares |
| Share Holding Post Issue | 7,93,11,773 shares |
IPO Date
November 14, 2025 to November 18, 2025
Listing Date
November 21, 2025
Face Value
₹2 per share
Issue Price Band
₹549 to ₹577 per share
Issue Price Final
₹577 per share
Lot Size
25 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total Issue Size
1,52,11,431 shares (aggregating up to ₹877.70 Cr)
Fresh Issue
59,82,635 shares (aggregating up to ₹345.20 Cr)
Offer for Sale
92,28,796 shares of ₹2 (aggregating up to ₹532.50 Cr)
Employee Discount
₹52.00
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
7,33,29,138 shares
Share Holding Post Issue
7,93,11,773 shares
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 57.30 |
| Non-Institutional Buyers | 69.83 |
| bNII (bids above ₹10L) | 85.42 |
| sNII (bids below ₹10L) | 38.64 |
| Retail Investors | 15.71 |
| Employees | 6.86 |
| Total ** | 52.94 |
Anchor Investors
1
QIB (Ex Anchor)
57.30
Non-Institutional Buyers
69.83
bNII (bids above ₹10L)
85.42
sNII (bids below ₹10L)
38.64
Retail Investors
15.71
Employees
6.86
Total **
52.94
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Day 1 Nov 14, 2025 | 0.29 | 0.28 | 0.39 | 0.06 | 0.28 | 0.92 | 0.29 |
| Day 2 Nov 17, 2025 | 0.31 | 0.56 | 0.60 | 0.47 | 1.09 | 1.96 | 0.52 |
| Day 3 Nov 18, 2025 | 57.30 | 69.83 | 85.42 | 38.64 | 15.71 | 6.86 | 52.94 |
DayDay 1
Nov 14, 2025
QIB (Ex Anchor)0.29
NII0.28
NII (> ₹10L)0.39
NII (< ₹10L)0.06
Retail0.28
EMP0.92
Total0.29
DayDay 2
Nov 17, 2025
QIB (Ex Anchor)0.31
NII0.56
NII (> ₹10L)0.60
NII (< ₹10L)0.47
Retail1.09
EMP1.96
Total0.52
DayDay 3
Nov 18, 2025
QIB (Ex Anchor)57.30
NII69.83
NII (> ₹10L)85.42
NII (< ₹10L)38.64
Retail15.71
EMP6.86
Total52.94
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 21-11-2025 | 577.00 | 55(9.53%) | 632 |
| 20-11-2025 | 577.00 | 53(9.19%) | 630 |
| 19-11-2025 | 577.00 | 55(9.53%) | 632 |
| 18-11-2025 | 577.00 | 62(10.75%) | 639 |
| 17-11-2025 | 577.00 | 29(5.03%) | 606 |
| 16-11-2025 | 577.00 | 23(3.99%) | 600 |
| 15-11-2025 | 577.00 | 45(7.80%) | 622 |
| 14-11-2025 | 577.00 | 50(8.67%) | 627 |
| 13-11-2025 | 577.00 | 0(0.00%) | 577 |
| 12-11-2025 | 577.00 | 0(0.00%) | 577 |
| 11-11-2025 | 577.00 | 0(0.00%) | 577 |
| 10-11-2025 | 0(0.00%) | (0.00%) | |
| 09-11-2025 | 0(%) | (%) |
Date21-11-2025
Price577.00
GMP55(9.53%)
Estimate List Price632
Date20-11-2025
Price577.00
GMP53(9.19%)
Estimate List Price630
Date19-11-2025
Price577.00
GMP55(9.53%)
Estimate List Price632
Date18-11-2025
Price577.00
GMP62(10.75%)
Estimate List Price639
Date17-11-2025
Price577.00
GMP29(5.03%)
Estimate List Price606
Date16-11-2025
Price577.00
GMP23(3.99%)
Estimate List Price600
Date15-11-2025
Price577.00
GMP45(7.80%)
Estimate List Price622
Date14-11-2025
Price577.00
GMP50(8.67%)
Estimate List Price627
Date13-11-2025
Price577.00
GMP0(0.00%)
Estimate List Price577
Date12-11-2025
Price577.00
GMP0(0.00%)
Estimate List Price577
Date11-11-2025
Price577.00
GMP0(0.00%)
Estimate List Price577
Date10-11-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date09-11-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Fri, Nov 14, 2025 |
| IPO Close Date | Tue, Nov 18, 2025 |
| Tentative Allotment | Wed, Nov 19, 2025 |
| Initiation of Refunds | Thu, Nov 20, 2025 |
| Credit of Shares to Demat | Thu, Nov 20, 2025 |
| Tentative Listing Date | Fri, Nov 21, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 18, 2025 |
IPO Open Date
Fri, Nov 14, 2025
IPO Close Date
Tue, Nov 18, 2025
Tentative Allotment
Wed, Nov 19, 2025
Initiation of Refunds
Thu, Nov 20, 2025
Credit of Shares to Demat
Thu, Nov 20, 2025
Tentative Listing Date
Fri, Nov 21, 2025
Cut-off time for UPI mandate confirmation
5 PM on Tue, Nov 18, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,425 |
| Retail (Max) | 13 | 325 | ₹1,87,525 |
| S-HNI (Min) | 14 | 350 | ₹2,01,950 |
| S-HNI (Max) | 69 | 1,725 | ₹9,95,325 |
| B-HNI (Min) | 70 | 1,750 | ₹10,09,750 |
ApplicationRetail (Min)
Lots1
Shares25
Amount₹14,425
ApplicationRetail (Max)
Lots13
Shares325
Amount₹1,87,525
ApplicationS-HNI (Min)
Lots14
Shares350
Amount₹2,01,950
ApplicationS-HNI (Max)
Lots69
Shares1,725
Amount₹9,95,325
ApplicationB-HNI (Min)
Lots70
Shares1,750
Amount₹10,09,750
Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 892.33 | 838.65 | 871.07 |
| Total Income | 362.56 | 611.87 | 535.44 |
| Profit After Tax | 1.03 | 14.15 | -68.35 |
| EBITDA | 39.82 | 78.57 | -1.49 |
| NET Worth | 509.38 | 481.42 | 452.13 |
| Reserves and Surplus | 149.34 | 170.26 | 30.89 |
| Total Borrowing | 88.94 | 100.09 | 77.17 |
Period EndedPeriod Ended
30 Sep 202530 Sep 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
30 Sep 2025892.33
31 Mar 2025838.65
31 Mar 2024871.07
Period EndedTotal Income
30 Sep 2025362.56
31 Mar 2025611.87
31 Mar 2024535.44
Period EndedProfit After Tax
30 Sep 20251.03
31 Mar 202514.15
31 Mar 2024-68.35
Period EndedEBITDA
30 Sep 202539.82
31 Mar 202578.57
31 Mar 2024-1.49
Period EndedNET Worth
30 Sep 2025509.38
31 Mar 2025481.42
31 Mar 2024452.13
Period EndedReserves and Surplus
30 Sep 2025149.34
31 Mar 2025170.26
31 Mar 202430.89
Period EndedTotal Borrowing
30 Sep 202588.94
31 Mar 2025100.09
31 Mar 202477.17
Key Performance Indicator
| ROCE | 2.76 |
| Debt/Equity | 0.18 |
| RoNW | 2.85 |
| PAT Margin | 2.37 |
| EBITDA Margin | 13.13 |
| Price to Book Value | 8.87 |
| Market Capitalization | 4576.09 |
ROCE
2.76
Debt/Equity
0.18
RoNW
2.85
PAT Margin
2.37
EBITDA Margin
13.13
Price to Book Value
8.87
Market Capitalization
4576.09
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) |
|---|---|---|---|---|---|
| Our Company (Fiscal 2025) | 1.93 | 1.91 | 65.03 | 2.85 | |
| Salesforce, Inc. | 540.79 | 534.07 | 5,441.60 | 40.07 | 10.26 |
| Adobe Inc. | 1,038.29 | 1,032.44 | 2,650.28 | 28.60 | 36.74 |
| HubSpot, Inc. | 7.53 | 7.53 | 3,153.16 | 0.29 | |
| Braze, Inc. | -85.65 | -85.65 | 402.61 | -22.58 |
Company NameOur Company (Fiscal 2025)
EPS (Basic)1.93
EPS (Diluted)1.91
NAV (per share) (Rs)65.03
P/E (x)
RoNW (%)2.85
Company NameSalesforce, Inc.
EPS (Basic)540.79
EPS (Diluted)534.07
NAV (per share) (Rs)5,441.60
P/E (x)40.07
RoNW (%)10.26
Company NameAdobe Inc.
EPS (Basic)1,038.29
EPS (Diluted)1,032.44
NAV (per share) (Rs)2,650.28
P/E (x)28.60
RoNW (%)36.74
Company NameHubSpot, Inc.
EPS (Basic)7.53
EPS (Diluted)7.53
NAV (per share) (Rs)3,153.16
P/E (x)
RoNW (%)0.29
Company NameBraze, Inc.
EPS (Basic)-85.65
EPS (Diluted)-85.65
NAV (per share) (Rs)402.61
P/E (x)
RoNW (%)-22.58
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,13,80,003 (74.81%) | NA |
| − Anchor Investor Shares Offered | 68,28,001 (44.89%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 45,52,002 (29.92%) | NA |
| NII (HNI) Shares Offered | 22,76,000 (14.96%) | NA |
| − bNII > ₹10L | 15,17,334 (9.97%) | 4,335 |
| − sNII < ₹10L | 7,58,666 (4.99%) | 2,167 |
| Retail Shares Offered | 15,17,333 (9.97%) | 60,693 |
| Employee Shares Offered | 38,095 (0.25%) | NA |
| Total Shares Offered | 1,52,11,431 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered1,13,80,003 (74.81%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered68,28,001 (44.89%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered45,52,002 (29.92%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered22,76,000 (14.96%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered15,17,334 (9.97%)
Maximum Allottees4,335
Investor Category− sNII < ₹10L
Shares Offered7,58,666 (4.99%)
Maximum Allottees2,167
Investor CategoryRetail Shares Offered
Shares Offered15,17,333 (9.97%)
Maximum Allottees60,693
Investor CategoryEmployee Shares Offered
Shares Offered38,095 (0.25%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered1,52,11,431 (100.00%)
Maximum Allottees
Information about company
Capillary Technologies India Ltd is a leading Indian software-as-a-service (SaaS) company that specializes in customer loyalty and engagement solutions. Founded in 2008 and headquartered in Bengaluru, Capillary offers a comprehensive suite of products that help brands understand and engage their customers more effectively through data-driven insights.
Key Offerings:
Loyalty Management Solutions: Capillary provides scalable, customizable loyalty programs for enterprises across industries like retail, FMCG, and hospitality.
Customer Engagement & Marketing Automation: The platform enables personalized marketing through SMS, email, push notifications, and more.
AI & Analytics: Their tools leverage AI and machine learning to deliver real-time customer insights and predictive analytics.
Omnichannel CRM: Helps brands maintain consistent engagement with customers across online and offline channels.
Clients & Global Reach: Capillary serves over 250 brands across more than 30 countries, including major names like Tata, Domino’s, Jockey, PUMA, and Shell.
The company primarily operates on a subscription-based SaaS model, generating revenue from software licenses, professional services, and support.
Competitive Strengths:
Market Leader in Loyalty Solutions
Comprehensive Solutions (Loyalty+, Insights+, Engage+, Rewards+) for Diverse Segments
Multiple loyalty program and coalitions for retailers and conglomerates
Customer and fleet loyalty for energy retail
Scalable Cloud-Based Infrastructure with Seamless Integration
Diverse Long-Term Customer Relationships with High Net Revenue Retention
Objectives of IPO
The Company Capillary Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding our cloud infrastructure cost
143.00
2
Investment in research, designing and development of our products and platform
71.58
3
Investment in purchase of computer systems for our business
10.34
4
Funding inorganic growth through unidentified acquisitions and general corporate purposes
97.99
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