IPO Details
Bidding Dates
14 Nov 25 - 18 Nov 25
Price Range ₹
549 - 577
Total Equity
₹ 0.00 Cr
Lot Size
25
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
15.82×
Qualified Institutional Buyers
57.27×
Employees
6.88×
Retail Investors
15.82×
Total subscription Rate
52.95×
IPO Timeline
Offer start
14 Nov 2025
Offer end
18 Nov 2025
Allotment
19 Nov 2025
Refund initiation
20 Nov 2025
Demat transfer
20 Nov 2025
Listing
21 Nov 2025
Offer start
14 Nov 2025
Offer end
18 Nov 2025
Allotment
19 Nov 2025
Refund initiation
20 Nov 2025
Demat transfer
20 Nov 2025
Listing
21 Nov 2025
About Company
Capillary Technologies India Ltd., founded in 2008 and headquartered in Bengaluru, is a leading Indian SaaS (Software-as-a-Service) company that helps enterprises enhance customer loyalty and engagement through AI-driven insights and data analytics.The company’s core platform provides a 360° customer engagement suite that integrates loyalty management, marketing automation, CRM, and analytics — enabling brands to retain customers, increase repeat purchases, and improve marketing ROI.Capillary’s strength lies in its ability to merge data science, marketing intelligence, and automation — a combination that makes it one of the most comprehensive customer engagement platforms in the Asia-Pacific region.
Year Founded
15-03-2012
Promotor Details
Neelam Dhawan
Project Details
- Funding our cloud infrastructure cost - 1430cr
- Funding inorganic growth through unidentified acquisitions and general corporate purposes - 979.85cr
- Investment in research, designing and development of our products and platform - 715.81cr
- Investment in purchase of computer systems for our business - 103.42cr
Objectives
- Funding our cloud infrastructure cost
- Investment in research, designing and development of our products and platform
- Investment in purchase of computer systems for our business
- andFunding inorganic growth through unidentified acquisitions and general corporate purposes.
Highlights
- Achieved profitability after prior losses; steady topline growth and expense control.
- Base: Serves blue-chip names in retail, FMCG, and energy with scalable SaaS solutions.
- Offers loyalty, engagement, AI analytics, and omnichannel CRM—driving cross-sell.
- Conservative balance sheet with minimal debt, supportive of organic/inorganic expansion.
- Recognized as a market leader in Indian loyalty and engagement tech; high retention rates.
Challenges
- Post-IPO P/E ratio exceeds 2,000x, leaving no margin for underperformance.
- Despite the profit turnaround, net margins and return ratios remain modest.
- Up against global giants like Salesforce, Adobe, HubSpot, and aggressive Indian tech firms.
- Reliance on further R&D, acquisitions, and tech upgrades; new integrations (Persuade/Kognitiv) could face challenges.
- Heavy reliance on external cloud infrastructure and core teams; any disruption may impact service delivery and client relationships.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 8,703.85 | 146.46 | -885.56 | -877.19 | -16.5836 |
| 2021 | 1,404.02 | 23.33 | -683.51 | -593.78 | -8.1084 |
| 2023 | 4,664.13 | 105.79 | -683.51 | -593.78 | -8.1084 |
| 2022 | 3,474.77 | 100.03 | -1,008.41 | -1,008.41 | -20.1622 |
| 2025 | 8,380.92 | 146.65 | -885.56 | -877.19 | -16.5836 |
