Capillary Technologies IPO: AI-Powered SaaS Firm Targets Rs 877.5 Crore Raise
Capillary Technologies Ltd., an AI-based loyalty management solutions provider, is set to launch its IPO from November 14-18, 2023. The company aims to raise Rs 877.5 crore through a combination of Rs 345 crore fresh issue and Rs 532.5 crore offer-for-sale. The price band is set at Rs 549-577 per share with a lot size of 25 shares. The IPO proceeds will be used for cloud infrastructure enhancement, R&D, potential acquisitions, and general corporate purposes. The company serves over 393 brands across 46 countries and has shown improved financial performance, turning profitable in Q2 FY24 with a net profit of Rs 1.03 crore and 25% revenue growth. JM Financial is the lead manager for the IPO, which is expected to list on BSE and NSE on November 21, 2023.
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Capillary Technologies Ltd., an AI-based loyalty management solutions provider, is set to launch its Initial Public Offering (IPO) on November 14, 2023. The company aims to raise Rs 877.5 crore through a combination of fresh issue and offer-for-sale. Here's what investors need to know about this upcoming IPO:
IPO Details
| Particulars | Details |
|---|---|
| IPO Size | Rs 877.5 crore |
| Fresh Issue | Rs 345 crore |
| Offer-for-Sale | Rs 532.5 crore |
| Price Band | Rs 549 - Rs 577 per share |
| Lot Size | 25 shares |
| Minimum Investment | Rs 14,425 (for retail investors) |
| IPO Date | November 14-18, 2023 |
| Listing Date | November 21, 2023 |
| Listing Exchanges | BSE and NSE |
Company Overview
Capillary Technologies is a Software-as-a-Service (SaaS) company that specializes in providing AI-based loyalty management solutions. The company's services are utilized by over 393 brands across 46 countries, highlighting its global presence and market reach.
Financial Performance
The company has shown improvement in its financial performance:
| Metric | Q2 FY24 | Q2 FY23 | YoY Change |
|---|---|---|---|
| Net Profit | Rs 1.03 crore | Rs 10.28 crore loss | Turned Profitable |
| Revenue | Rs 359.22 crore | - | 25% growth |
IPO Proceeds Utilization
The funds raised through the fresh issue will be allocated towards:
- Cloud infrastructure enhancement
- Research and Development (R&D)
- Potential acquisitions
- General corporate purposes
Market Sentiment
The grey market premium for Capillary Technologies IPO currently stands at nil, suggesting expectations of a flat listing. However, it's important to note that grey market premiums are unofficial and subject to change.
Lead Manager
JM Financial is serving as the lead manager for this IPO.
Investors interested in the Capillary Technologies IPO should conduct thorough research and consider their financial goals before making an investment decision. As always, it's advisable to read the Red Herring Prospectus (RHP) for comprehensive details about the company, its business model, and associated risks.
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