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  1. Capillary Technologies IPO subscribed 44% so far on Day 2: Check price band, lot size and key details

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Capillary Technologies IPO subscribed 44% so far on Day 2: Check price band, lot size and key details

Upstox

3 min read | Updated on November 17, 2025, 15:02 IST

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SUMMARY

Capillary Technologies IPO: The ₹877.5-crore initial share sale, which will conclude on November 18, has fixed a price band of ₹549 to ₹577 per share. The application size is 25 shares.

Capillary Technologies offers artificial intelligence (AI)-based cloud-native Software-as-a-Service (SaaS) products and solutions. | Image: LinkedIn/Capillary Technologies

Capillary Technologies offers artificial intelligence (AI)-based cloud-native Software-as-a-Service (SaaS) products and solutions. | Image: LinkedIn/Capillary Technologies

Capillary Technologies IPO: The initial public offer (IPO) of SaaS player Capillary Technologies India received 44% subscription so far on the second day of bidding on Monday, November 17.

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The IPO received bids for 37,04,225 shares as against 83,83,430 shares on offer, as per the data on the NSE until -- pm.

The category for qualified institutional buyers (QIBs) subscribed 29%, while the non-institutional investors portion attracted 44%. The quota for retail individual investors (RIIs) received 88% subscription.

The ₹877.5-crore IPO, which will conclude on November 18, has fixed a price band of ₹549 to ₹577 per share. The application size is 25 shares.

The initial share sale comprises a fresh issue of ₹345 crore and an offer for sale (OFS) of ₹532.5 crore by promoter Capillary Technologies International Pte Ltd and investor Trudy Holdings.

Fresh issue proceeds will be used for funding cloud infrastructure costs, investment in research, designing and development of products and platforms, purchase of computer systems, inorganic growth through unidentified acquisitions and corporate general purposes.

On Thursday, the company raised ₹394 crore from anchor investors, including SBI Mutual Fund (MF), Kotak Mahindra MF, Axis MF, ICICI Prudential MF, Amundi Funds, US-based PineBridge Investments, Hornbill Orchid India Fund and ValueQuest Investment Advisors.

Capillary Technologies India offers artificial intelligence-based cloud native Software-as-a-Service (SaaS) products and solutions primarily to enterprise customers globally to develop loyalty of its consumers and channel partners.

Its consolidated revenue from operations for the six months ended September 2025 was Rs 359.21 crore. It posted a revenue of ₹598.25 crore in FY25.

The company's shares are proposed to be listed on the BSE and NSE.

JM Financial, IIFL Capital Services and Nomura Financial Advisory and Securities (India) Pvt Ltd are the book-running lead managers, while MUFG Intime India is the registrar for the IPO.

Capillary Technologies IPO GMP

According to media reports and investorgain.com, Capillary Technologies' unlisted shares are trading at ₹520606, reflecting a grey market premium of 5.03% over the upper price band of ₹577.

Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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