Private Equity

Liquidity Events

Capillary Technologies Rs.877-Cr IPO subscribed 1.4 times

Economic Times  

Bengaluru-based Capillary Technologies' INR 877 crore initial public offering (IPO) was subscribed 1.40 times. The retail portion saw 2.18 times subscription, while non-institutional investors subscribed 3.05 times their allocated shares. Qualified institutional buyers (QIBs) subscribed 31% of their quota.The IPO comprised a fresh issue of 0.60 crore shares, valued at INR 345 crore, and an offer for sale (OFS) of 0.92 crore shares, worth INR 532.50 crore. The price band for the IPO was set at INR 549-577 per share.Founded in 2008, Capillary Technologies provides cloud-based customer loyalty and engagement solutions for large consumer-facing brands. It enables businesses to design and manage loyalty programs, analyze customer behavior, and conduct personalized, AI-driven marketing campaigns across various digital channels. The company works with over 250 brands in more than 30 countries, serving clients such as Tata, Domino’s, Puma, Shell, and Jockey.

Between Jan 2010 and Feb 2024, Capillary Technologies had attracted about USD 297 M from 57 Stars, Avataar Venture Partners, Evolvence, Unigestion, Warburg Pincus, Peak XV Partners and others.