Capillary Technologies Set for Rs 4,400 Crore IPO Debut
Capillary Technologies India Ltd is set to make its market debut with an Initial Public Offering (IPO). The company's valuation is expected to reach at least Rs 4,400 crore ($507 million).
Capillary, founded in 2012, specialises in loyalty management and customer engagement technology solutions. It last raised funds in February 2024, extending its Series D round to $140 million. The startup aims to raise up to Rs 430 crore through a fresh issue of shares in the IPO.
The IPO includes an offer for sale of nearly 18.3 million shares by its parent company, Filter Capital, Schroders Capital Private Equity, Avataar Venture Partners, and other shareholders. These investors increased their exposure to Capillary in a pre-IPO transaction. The company's valuation has grown from around Rs 3,970 crore ($457 million) in late 2024 to its expected IPO valuation.
Capillary's IPO proposal received final observations from the Securities and Exchange Board of India (SEBI) last week, paving the way for the offering. The company aims for an IPO worth about Rs 2,250 crore ($261 million).
Capillary Technologies India Ltd's IPO is expected to be a significant event in the Indian tech industry. The company's growth in valuation and the interest from investors indicate a strong market reception for its offerings.
Read also:
- Amazon Halts Drone Deliveries After Arizona Crashes
- US Energy Transition: Coal Plants Struggle, States Push Renewables
- Musk threatens Apple with litigation amidst increasing conflict surrounding Altman's OpenAI endeavor
- U.S. Army Europe & Africa Bolsters Regional Security with Enhanced Partnerships & Deterrence
