Capillary Technologies Files DRHP With SEBI for Rs 430 Crore IPO
Capillary Technologies India Ltd, a Bengaluru-based provider of AI-powered SaaS solutions, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO).
The IPO comprises a fresh issue of equity shares worth Rs 430 crore and an offer for sale (OFS) of 18.33 million shares by existing shareholders. The face value of each share is Rs 2.
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Promoter Capillary Technologies International Pte Ltd will offload up to 1.4 million equity shares in the OFS. Other investors participating in the OFS include Ronal Holdings, Trudy Holdings, Filter Capital, and several individuals such as Sripathi Venkata Ramana Reddy, Harminder Sahni, and Adarsh Reddy B.
As per the DRHP, the company plans to utilise:
- Rs 120 crore for cloud infrastructure costs
- Rs 151.54 crore for R&D and product development
- Rs 10.32 crore for purchase of IT systems
- The remaining funds for strategic acquisitions and general corporate purposes
JM Financial, IIFL Capital, and Nomura Financial Advisory are the book-running lead managers. MUFG Intime India is the registrar to the issue.
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Capillary Technologies provides a comprehensive suite of AI-based loyalty and customer engagement solutions for enterprises. Its core products include:
- Loyalty+ (loyalty management)
- Engage+ (connected engagement)
- Insights+ (predictive analytics)
- Rewards+ (rewards management)
- A full-fledged Customer Data Platform (CDP)
The company’s tech-first approach has made it a key player in the end-to-end loyalty management segment, serving a wide base of enterprise clients across industries.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
