Capillary Technologies India Limited
IPO Details
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₹46(7.97%)
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Following its successful public offering, Capillary Technologies India Limited's made its market debut on Nov 21, 2025 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 1,52,07,999 Shares in total capital, including 59,79,202 Shares in primary equity infusion and ₹532.50 Cr in secondary share sales.
The offering was structured with a price band of ₹549 to ₹577 and minimum investment lots of 25 shares. Investor participation during the subscription window from Nov 14, 2025 to Nov 18, 2025 demonstrated market confidence in the company's prospects.
The allotment process concluded on Nov 19, 2025, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Capillary Technologies India Ltd, founded in 2008 and based in Bengaluru, is a leading SaaS company that helps brands build strong customer relationships through loyalty and engagement solutions. It offers a range of products, including customizable loyalty programs, AI-powered analytics, marketing automation, and omnichannel CRM tools that enable personalized communication across SMS, email, and other platforms. Serving over 250 brands in 30+ countries — including Tata, Domino’s, PUMA, Jockey, and Shell — Capillary operates on a subscription-based model, providing software, services, and support to enhance customer engagement and business growth.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leadership in Customer Engagement Solutions: A market leader in SaaS-based loyalty and engagement platforms with strong presence across industries such as retail, FMCG, and hospitality.
- Comprehensive and Scalable Offerings: Delivers a fully integrated product suite—Loyalty+, Insights+, Engage+, and Rewards+—providing end-to-end, customizable solutions for businesses of all sizes.
- Diverse Global Clientele: Trusted by over 250 leading brands across 30+ countries, ensuring stable recurring revenues and long-term customer relationships through innovative, data-driven SaaS solutions.
- Revenue Concentration Risk: A major portion of revenue comes from the top 5 and 10 customers (43.35% and 58.71%, respectively), making the company vulnerable to loss of key clients and revenue fluctuations.
- Regional Dependency: Significant reliance on the North American market (56.59% of FY25 revenue) exposes the business to potential risks from regional economic slowdowns or regulatory changes.
- Rising Customer Acquisition Costs: Increasing marketing and client acquisition expenses could pressure margins and profitability if new customer growth does not offset these costs.
- Capillary Technologies International Pte Ltd
- Aneesh Reddy Boddu
Capillary Technologies India Limited
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