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Capillary Technologies Refiles For IPO
- Capillary Technologies has refiled for an initial public offering (IPO) with a draft red herring prospectus (DRHP) filed with SEBI after receiving approval for the INR 2,250 Cr IPO.
- The IPO will include a fresh issue of INR 430 Cr and an offer for sale (OFS) component of 18.3 million shares, with plans to list on NSE and BSE.
- Key selling shareholders of Capillary include several entities and individuals such as Ronal Holdings, Trudy Holdings, and various other named stakeholders.
- Funds raised from the IPO will be allocated towards investments in cloud infrastructure, research and development, computer systems, acquisitions, and general corporate purposes.
- Capillary Technologies, founded in 2008 by Aneesh Reddy, focuses on loyalty management and customer engagement platforms for over 390 clients in various industries.
- This marks Capillary's second attempt at an IPO after deferring plans in 2021, following profitability in FY25 with INR 13.3 Cr profit compared to INR 59.4 Cr loss in FY24.
- The company's operating revenue in FY25 stood at INR 598.3 Cr, a 14% increase from the previous fiscal year, with an EBITDA profit of INR 78.6 Cr.
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