Last updated on November 20th, 2025 at 09:11 am
| Check Capillary Technologies Ltd filing with SEBI. | Check Tenneco IPO allotment status |
Capillary Technologies Ltd is a leading global provider of customer engagement, loyalty, and marketing automation solutions. The company leverages advanced artificial intelligence (AI) and cloud-based technology to help businesses enhance customer relationships, drive retention, and maximize lifetime value.
Capillary integrates cloud-based platforms with advanced analytics to optimize customer experiences. It has global presence across Asia, Middle East, and the U.S. It serves major retail, FMCG, and hospitality brands across the globe.
Subscription date to apply for Capillary Technologies Ltd starts from 14th Nov and closes on 18th Nov’25. Price band for the shares is ₹ 549-577.
Grey market premium of Capillary Technology today is ₹ 53
Capillary Technologies Ltd is planning to raise around ~₹877.5 crore via the IPO. The composition being Fresh issue of ~₹345 crore + Offer-for-Sale of ~92.28 lakh shares.
Revenue, PAT, EBITDA of Capillary Technologies Ltd
| Year | 2025 |
| Networth | ~₹ 481.42 Cr |
| Revenue: | ~ ₹ 611.19 Cr |
| EBITDA | ~ ₹ 78.6 Cr |
| PAT | ~ ₹ 14.3 Cr |
| EBITDA Margin: | ~13 % |
| PAT Margin | ~ 2.2 % |
Capillary Technologies Ltd Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) |
| 2023 | ₹ 266.3 | ₹ -88.7 | ₹ 466.4 | ₹ 99.8 |
| 2024 | ₹ 535.4 | ₹ -68.4 | ₹ 871.1 | ₹ 452.1 |
| 2025 | ₹ 611.9 | ₹ 14.3 | ₹ 838.7 | ₹ 481.4 |
Capillary Technologies Ltd IPO Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 20-Nov | ₹ 549-577 | ₹ 53 | Positive | ₹ 630 | ₹ 1,325 |
| 19-Nov | ₹ 549-577 | ₹ 40 | Positive | ₹ 617 | ₹ 1,000 |
| 18-Nov | ₹ 549-577 | ₹ 30 | Positive | ₹ 607 | ₹ 750 |
| 17-Nov | ₹ 549-577 | ₹ 23 | Negative | ₹ 600 | ₹ 575 |
| 16-Nov | ₹ 549-577 | ₹ 65 | Positive | ₹ 642 | ₹ 1,625 |
| 15-Nov | ₹ 549-577 | ₹ 50 | Positive | ₹ 627 | ₹ 1250 |
| 14-Nov | ₹ 549-577 | ₹ 00 | – | ₹ – | ₹ – |
Capillary Technologies Ltd IPO Pros & Cons
Strengths:
- Strong Market Leadership in Loyalty SaaS – Capillary is one of the few global Indian SaaS firms with dominance in the AI-driven loyalty and customer engagement space, serving 400+ brands and over 1 billion end-customers.
- High-Growth Industry – The global customer-engagement and loyalty management market is growing rapidly with rising digital adoption across retail, BFSI, and hospitality sectors.
- Consistent Revenue Growth – Revenue grew steadily to ₹598 crore in FY 2025, reflecting strong client retention and upselling potential.
- Improving Profitability – The company turned profitable (PAT ₹13 crore in FY 2025) and achieved an EBITDA margin of ~13%, showing operational efficiency.
- Blue-Chip Investor Backing – Supported by reputed investors like Warburg Pincus, Sequoia Capital, and Norwest Venture Partners, adding credibility and governance strength.
Risks:
- Thin Profit Margins – Despite growing revenues, PAT margin (~2.2%) remains modest compared to top global SaaS peers, showing limited pricing power.
- High Dependence on Key Clients – A significant portion of revenue comes from a few large enterprise clients; loss of any major customer could affect results.
- Global Competition – Faces stiff competition from global loyalty tech players like Salesforce, Oracle, and Adobe Experience Cloud.
- IPO Valuation Risk – If priced aggressively, investors may face limited upside given current profitability levels.
- Currency & Geographic Exposure – Significant overseas revenue (especially from Asia and the Middle East) exposes the company to forex volatility and regional risks.
Capillary Technologies Ltd : IPO date & invest detail
| IPO Open Date: | 14 -Nov 2025 |
| IPO Close Date: | 18-Nov-2025 |
| Anchor Investor Bidding | 13-Nov-2025 |
| IPO Allotment Date: | 19 Nov-2025 |
| Refunds & Demat Credit | 20-Nov-2025 |
| Tentative Listing Date: | 21-Nov’25 |
| IPO Category | Mainboard |
| Symbol | |
| Face Value: | Rs. 02 per Equity Share |
| Issue Size: | Fresh issue of ~₹345 crore + Offer-for-Sale of ~92.28 lakh shares |
| Lot Size: | 25 |
Capillary Technologies Ltd IPO Composition & Proceeds
| Fresh Issue: | ~ ₹ 345 Crore |
| Offer for Sale: | Up to 1.83 crore |
| Employee reservation | – |
| Price Range | ₹ 549-577 |
| Use of Proceeds: | No utilization |
| Repayment of borrowings | Nil |
| Subsidiary Investment (Growth) | Nil |
| General Corporate Purpose | Balance |
| Technology & Infrastructure | ~₹281.86 Cr |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 35% |
| QIB Quota: | ≥ 35% |
| NII Quota: | ≥ 15% |
Capillary Technologies Ltd. Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | 25 | 1 | 25 | ₹ 14,425 |
| Retail (Max) | 25 | 13 | 325 | ₹ 1,87,525 |
| Small HNI (Min) | 25 | 14 | 350 | ₹ 2,01,950 |
| Small HNI (Max) | 25 | 66 | 1,650 | ₹ 9,52,050 |
| Big HNI (Min) | 25 | 67 | 1,675 | ₹ 9,66,475 |
Core Offerings of Capillary Technologies Ltd
Capillary Technologies Ltd provides AI-driven SaaS solutions for customer loyalty, engagement, and data analytics. It helps brands build personalized marketing and rewards programs across channels, serving over 400+ global brands and more than 1 billion consumers.
No. of Stores/Capillary Technologies Ltd ‘s customer reach/market share
The company claims to be supporting 400+ brands globally.
It has its platform reach to more than 1 billion end-customers / consumers across all their client brands.
Capillary Technologies Ltd Promoters – Pre offer equity (Approx)
| Capillary Technologies International Pte. Ltd | ~65.47 % |
| Ronal Holdings LLC | ~7.53 % |
| AVP Fund II | ~5.51 % |
| Trudy Holdings | ~4.49 % |
| Filter Capital India Fund I | ~3.66 % |
| Aneesh Reddy Boddu (Founder & MD) | ~2.32 % |
Lead Managers / Registrars of Capillary Technologies Ltd
| Lead / Book Running Lead Managers | IIFL Securities Limited, JM Financial Limited, Nomura Financial Advisory & Securities (India) Private Limited |
| Registrar (RTA) | MUFG Intime India Private Limited |
Founding Year of Capillary Technologies Ltd & Managing Director
Capillary Technologies Ltd was incorporated in the year 2008.
Mr. Aneesh Reddy Boddu is the MD & CEO of the company.
Capillary Technologies Ltd FAQ
Q1. What is the business of Capillary Technologies Ltd?
Capillary Technologies Ltd provides AI-driven SaaS solutions for customer loyalty, engagement, and data analytics. It helps brands build personalized marketing and rewards programs across channels, serving over 400 global brands and 1 billion+ consumers.
Q2. What is the purpose or use of company raising funds via IPO?
The IPO aims to fund business expansion, repay outstanding debts, invest in technology innovation, and support inorganic growth through acquisitions. It also enables early investors to partially exit their holdings.
Q3. What is the size of the issue and where will it list?
Fresh issue ₹430 Cr + OFS up to 1.83 Cr shares (total ~₹850 Cr earlier estimate), to be listed on both BSE and NSE after allotment.
Q4. What are the risks of investing in the IPO?
Risks include thin profit margins, dependence on key clients, intense global competition, forex exposure, and potential overvaluation at listing due to limited profitability history.
Q5. What are the potential upsides if someone invest in the IPO?
The company’s global SaaS-first focus in loyalty and engagement opens high-growth opportunities with large brands, improving profitability (recent PAT positive) and scale expansion across geographies could drive value for investors.
Q6. How to apply for the IPO?
Retail investors need a demat account and UPI ID. they can apply via their broker’s IPO section once the issue opens, bid for the required lot and approve the UPI mandate to block funds until allotment.
Q 7. When is the tentative listing date?
Tentative listing date for the IPO is 21st Nov’25.
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For further information you can visit official website of Capillary Technologies Limited.
Good data