Capillary Technologies Ends First Session 5% Above Issue Price

SUMMARY

Capillary Technologies’ shares got listed at INR 560 apiece on the BSE, a discount of 2.9% to the issue price

After a muted listing, shares of Capillary Technologies rose as much as 13% to touch intraday high of INR 633 on the BSE

The stock gave up some of the gains to end the first trading session at INR 606.90, up 5.2% from the issue price and 8.4% from the listing price

Update | November 21, 16:50 IST

After a muted listing, shares of Capillary Technologies rose as much as 13% to touch intraday high of INR 633 on the BSE.

The stock gave up some of the gains to end the first trading session at INR 606.90, up 5.2% from the issue price and 8.4% from the listing price. The company’s market capitalisation stood at INR 4,813 Cr (about $543 Mn) at the end of the session.

On the NSE, the stock ended at INR 601.10 apiece, up 4.2% from the issue price and over 5% from the listing price of INR 571.90.

Original | November 21, 10:24 IST

SaaS major Capillary Technologies made a muted debut on the exchanges. The company’s shares got listed at INR 560 apiece on the BSE, a discount of 2.9% to the issue price.

On the NSE, the stock got listed at INR 571.90 per share, nearly 1% below the issue price of INR 577.

However, the shares rose sharply following the listing. At 10:31 IST, stock was trading at INR 629.75 apiece on the BSE, up 9.1% from the issue price. The company’s market capitalisation stood at INR 4,960.55 Cr (about $559.6 Mn).

Capillary Technologies had set a price band of INR 549 to INR 577 per share for its public issue. At the upper end of the price band, it was eyeing a valuation of about INR 4,576 Cr (about $515 Mn).

The IPO comprised a fresh issue of INR 345 Cr and an offer for sale (OFS) of 92.29 Lakh shares. The issue was oversubscribed 52.95X.

While promoter Capillary Technologies International Pte Ltd offloaded 85.41 Lakh shares via the OFS, Trudy Holdings sold 6.88 Lakh shares.

The company plans to use the IPO proceeds for investment in cloud infrastructure, research, design and development of its products and platform and purchase of computer systems.

Last week, the company raised INR 394 Cr from anchor investors, including Amundi Funds, Matthews India Fund, HSBC Global Investment Funds – Asia Ex Japan Smaller Companies, PineBridge India Equity Fund, Hornbill Orchid, Innoven Capital, among others.

Founded in 2008 by Aneesh Reddy, Capillary Technologies provides loyalty management and customer engagement platforms to its customers. It helps businesses across industries improve customer engagement, drive sales and build brand loyalty through its AI-powered platform.

On the financial front, Capillary Technologies reported a net profit of INR 1 Cr in the first half of the fiscal year 2025-26 as against a loss of INR 6.8 Cr in H1 FY25. Operating revenue rose 25% to INR 359.2 Cr in H1 FY26 from INR 287.2 Cr in the previous year.

In FY25, it posted a net profit of INR 13.3 Cr as against a loss of INR 59.4 Cr in the previous fiscal year. Operating revenue stood at INR 598.3 Cr, marking a 14% jump from INR 525.1 Cr in FY24.