New Delhi, November 21, 2025 — Capillary Technologies is set to make its market debut today after completing the allotment process for its ₹877.50-crore initial public offering (IPO). The Bengaluru-based SaaS company will list its equity shares on both the BSE and NSE, with trading scheduled to begin from 10:00 AM under the Special Pre-Open Session (SPOS).
The IPO, which opened on November 14 and closed on November 18, received an overwhelming response, being subscribed a massive 52.98 times overall. According to NSE data, the issue was subscribed 15.85 times by retail investors, 69.85 times by non-institutional bidders, 57.30 times by qualified institutional buyers, and 6.88 times in the employee category.
Strong Grey Market Sentiment Ahead of Listing
Ahead of its debut, Capillary Technologies’ shares are commanding a GMP (Grey Market Premium) of ₹58, indicating an estimated listing price of around ₹635 per share—nearly 10% higher than the IPO’s upper price band of ₹577.
Market experts also expect the stock to list at a healthy premium, supported by robust subscription numbers, improving profitability, and strong interest from institutional investors.
IPO Structure and Use of Funds
Capillary Technologies’ IPO comprised:
₹345 crore fresh issue
₹532.50 crore offer-for-sale (OFS)
The company plans to use the proceeds for:
Strengthening cloud infrastructure
Investing in product development and R&D
Purchasing new computer systems
Funding inorganic growth opportunities and general corporate purposes
JM Financial, IIFL Capital Services, and Nomura Financial Advisory served as the book-running lead managers, while MUFG Intime India Pvt. Ltd. acted as the registrar.
How to Check IPO Allotment Status
Investors can verify their allotment on:
NSE allotment portal
BSE application status page
MUFG Intime India’s IPO allotment page
They can check using PAN, application number, DP/Client ID, or bank account details.
About the Company
Capillary Technologies is a global leader in AI-driven loyalty management, customer data platforms, and engagement automation. The company works with more than 250 brands across 30+ countries and derives a significant portion of its revenue from North America. It reported notable revenue growth and a return to profitability in FY25.
