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Capillary Technologies IPO: Slow start, just 28% subscribed on Day 1
Business
Capillary Technologies, a Bengaluru-based SaaS firm, kicked off its IPO on November 14 but saw only 29% of bids come through by the end of the first day.
The offer includes a fresh issue worth ₹345 crore and over 92 lakh shares for sale, priced between ₹549-₹577 each.
What does Capillary Technologies do?
Capillary builds AI-powered tools that help brands connect with customers and boost loyalty—think personalized offers and smarter engagement.
Big names like Tata Digital, ABFRL, Domino's Pizza Indonesia, and InterGlobe Aviation use their platform.
Key dates & what's next
IPO allotment is set for November 19, with shares expected to list on NSE and BSE by November 21.
Funds raised will go into cloud upgrades, R&D, new tech gear, possible acquisitions, and general growth plans.