Capillary Technologies Secures SEBI Nod for Rs 430 Crore IPO
Capillary Technologies India, a SaaS firm, has obtained SEBI approval for its IPO. The offering includes a fresh issue of Rs 430 crore and an offer for sale of 1.83 crore shares by existing shareholders. Funds will be used for cloud infrastructure, R&D, and computer systems. The company reported a revenue of Rs 598 crore and a profit of Rs 13.28 crore in the last fiscal year. JM Financial, IIFL Capital Services, and Nomura Financial Advisory are managing the IPO. Shares will be listed on NSE and BSE.
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Capillary Technologies India, a leading SaaS firm, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The company aims to raise Rs 430 crore through a fresh issue of shares, marking a significant milestone in its growth journey.
IPO Structure
The IPO comprises two components:
- A fresh issue of shares worth Rs 430 crore
- An offer for sale of 1.83 crore shares by existing shareholders
The existing shareholders participating in the offer for sale include:
- Capillary Technologies International Pte Ltd
- Ronal Holdings LLC
- Trudy Holdings
- Filter Capital India Fund I
Utilization of Funds
Capillary Technologies has outlined clear objectives for the utilization of the IPO proceeds:
| Purpose | Amount (in Rs crore) |
|---|---|
| Cloud infrastructure costs | 120.00 |
| Research and development | 151.54 |
| Computer systems purchase | 10.32 |
The remaining funds will be allocated for acquisitions and general corporate purposes, positioning the company for future growth and expansion.
Company Profile and Performance
Capillary Technologies offers AI-based cloud-native SaaS products to enterprise customers, supporting over 390 brands across more than 45 countries. The company has demonstrated strong financial performance:
- Revenue increased by 14% to Rs 598.00 crore, up from Rs 525.00 crore in the previous fiscal year.
- The company turned profitable, reporting a profit of Rs 13.28 crore, compared to a loss of Rs 59.38 crore in the previous fiscal year.
IPO Timeline and Management
Capillary Technologies filed its preliminary papers in June and received SEBI observations on September 22, paving the way for the IPO. The book-running lead managers for the offering are:
- JM Financial
- IIFL Capital Services
- Nomura Financial Advisory
The company plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
This IPO represents a significant opportunity for Capillary Technologies to access public markets and fuel its next phase of growth in the competitive SaaS industry.
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