Capillary Technologies IPO Buzz: Rs 393 Crore Anchor Funding at Top Price! Profitable SaaS Firm Sees Investor Frenzy - What It Means for You!

Author

Simar Singh | Whalesbook News Team

Detailed Coverage:

Capillary Technologies has successfully secured Rs 393.7 crore from 21 anchor investors for its upcoming Initial Public Offering (IPO). The allocation was made at the highest price in the band, Rs 577 per share, with the company allotting 68,28,001 equity shares. Domestic mutual funds showed significant interest, subscribing to approximately 68% of the anchor book through 13 schemes, including those from SBI Mutual Fund, ICICI Prudential Mutual Fund, and Kotak Mutual Fund. Global investors such as Amundi Funds and Matthews India Fund also participated. The company has adjusted its IPO size, reducing the fresh issue component to Rs 345 crore from Rs 430 crore and cutting the offer-for-sale (OFS) portion. Founded in 2008, Capillary Technologies is a cloud-based SaaS provider specializing in loyalty, CRM, and customer engagement solutions, serving over 390 brands globally. In the financial year 2025, the company posted revenues of Rs 598 crore, a 14% increase year-on-year, and achieved profitability with a net profit of Rs 14.1 crore, a significant turnaround from the previous year's loss. Impact: This strong anchor investor commitment at the upper price band signals robust investor confidence in Capillary Technologies and the Indian SaaS sector. It suggests a potentially successful IPO, providing positive sentiment for the broader IPO market and demonstrating investor appetite for profitable technology companies. Rating: 8/10. Difficult terms: Anchor Investors: Large institutional investors who commit to buying a significant portion of an IPO before it opens to the public. They help build confidence in the issue. Price Band: A range within which the IPO shares will be offered. The upper end is the maximum price. SaaS: Software as a Service. A software distribution model where a third-party provider hosts applications and makes them available to customers over the Internet. IPO: Initial Public Offering. The first time a company offers its shares to the public. Offer-for-Sale (OFS): A part of the IPO where existing shareholders sell their shares, rather than the company issuing new ones. Fresh Issue: New shares issued by the company to raise capital. Red Herring Prospectus (RHP): A preliminary registration document filed with the securities regulator before an IPO, containing detailed information about the company, its financials, and the proposed offering. Year-on-year (YoY): A comparison of financial data from one period to the same period in the previous year.