SaaS company Capillary Technologies refiles for IPO
Capillary Technologies, a Bengaluru SaaS company, is making a second attempt at going public.
They've refiled for an IPO with SEBI, aiming to raise ₹430 crore through new shares, plus an offer-for-sale of 1.83 crore shares by existing investors.
Their first try in 2021 was put on hold due to tough market conditions.
SaaS for customer loyalty and data management
Started in 2008, Capillary builds AI-powered cloud software that helps brands manage customer loyalty and data.
They work with over 120 loyalty programs across 30 countries—think retail and oil & gas—and have expanded globally by acquiring companies like Persuade Group in the US.
Capillary back in the black, IPO to fuel growth
Capillary has turned things around financially, posting a ₹13.3 crore profit in FY25 after a big loss last year, and growing revenue by nearly 14% to ₹598.3 crore.
The money from this IPO will go into boosting their cloud tech, R&D, and IT systems—basically fueling more growth ahead.