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Business Standard
a day ago
- Business
- Business Standard
Capillary Technologies India files DRHP with Sebi, aims to raise ₹430 crore
Upcoming IPO: Capillary Technologies India, an AI-based cloud-native Software-as-a-Service (SaaS) products and solutions company, has filed its Draft Red Herring Prospectus (DRHP) with the markets regulator, the Securities and Exchange Board of India (SEBI) for its maiden public issue. The Bengaluru-based tech company' IPO, with a face value of ₹2 per equity share consists of a fresh issue of equity shares aggregating to ₹430 crore, and an offer for sale (OFS) of 18.33 million equity shares by existing shareholders. Capillary Technologies India IPO details Capillary Technologies International, the promoter of the company, will offload up to 1.4 million equity shares in the offer for sale. Investors selling shares include Ronal Holdings, Trudy Holdings, Filter Capital India Fund I, Sripathi Venkata Ramana Reddy, Harminder Sahni, Adarsh Reddy B, Sudhakar Reddy Katanguri, Sripathi Damodar Reddy, and Manjunath Nanjaiah. According to the DRHP, the company intends to use the net fresh issue proceeds worth ₹120 crore for funding its cloud infrastructure cost, ₹151.54 crore for investment in research, designing and development of its products and platform, ₹10.32 crore for investment in purchase of computer systems for its business, funding inorganic growth through unidentified acquisitions and general corporate purposes. MUFG Intime India, formerly Link Intime is the registrar of the issue. JM Financial, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) are the book-running lead managers. About Capillary Technologies India Capillary Technologies India is a software product company. It offers artificial intelligence (AI) based cloud-native Software-as-a-Service (SaaS) products and solutions to enterprise customers. The Bengaluru-based company is among one of the few players in the loyalty management space that offer end-to-end loyalty solutions, including an advanced loyalty management platform (Loyalty+), connected engagement platform (Engage+), predictive analytics platform (Insights+), rewards management platform (Rewards+) and customer data platform (CDP) for its customers. As of March 31, 2025, Capillary had 13 offices including in key markets of India, United States, United Kingdom, United Arab Emirates, Singapore, Indonesia, Vietnam and Malaysia, and provided services in 46 countries. In the financial year 2024-25 (FY25), Capillary Technologies India reported a total income of ₹481.1 crore, up 19.6 per cent from ₹402.1 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹13.2 crore in FY25 against a loss of ₹59.8 crore in FY24. Its earnings before interest, tax, depreciation and exceptional items (Ebitda) came in at ₹78.5 crore FY25.
Mint
a day ago
- Business
- Mint
IPO Watch: Capillary Technologies India refiles draft papers to raise funds via IPO
IPO Watch: Capillary Technologies India Ltd refiled draft red herring prospectus (DRHP) to secure funding for its initial public offering (IPO). Previously, the company submitted its IPO documentation to SEBI in December 2021. The Bengaluru-based firm provides artificial intelligence (AI)-driven cloud-native Software-as-a-Service (SaaS) products and solutions mainly for enterprise clients, aimed at enhancing the loyalty of their consumers and channel partners. As one of the few competitors in the loyalty management sector, the company delivers comprehensive loyalty solutions, including its cutting-edge loyalty management platform (Loyalty+), connected engagement platform (Engage+), predictive analytics platform (Insights+), rewards management platform (Rewards+), and customer data platform (CDP) for its users. With its headquarters in India, Capillary boasts a considerable global presence, maintaining offices in various locations, including the United States, the United Kingdom, the United Arab Emirates, and several Asian nations. As of March 31, 2025, the company serves over 390 brands across more than 45 countries. In Fiscal 2025, Capillary Technologies reported a 13.93% increase in revenue from operations, rising from ₹ 525.10 crore in fiscal 2024 to ₹ 598.26 crore, primarily due to a rise in retainership and other services. The company achieved profitability in fiscal 2025, recording a profit of ₹ 13.28 crore compared to a loss of ₹ 59.38 crore in fiscal 2024. The IPO, which has a face value of ₹ 2 per equity share, includes a fresh issue of equity shares totaling ₹ 430 crore and an offer for sale of 18,331,386 equity shares by current shareholders. The offer for sale includes shareholders selling as follows: up to 14,211,104 equity shares by Capillary Technologies International Pte. Ltd., up to 1,466,583 equity shares by Ronal Holdings LLC, up to 1,833,228 equity shares by Trudy Holdings, up to 759,938 equity shares by Filter Capital India Fund I, up to 10,800 equity shares by Sripathi Venkata Ramana Reddy, up to 24,349 equity shares by Harminder Sahni, up to 10,000 equity shares by Adarsh Reddy B, up to 8,384 equity shares by Sudhakar Reddy Katanguri, up to 3,000 equity shares by Sripathi Damodar Reddy, and up to 4,000 equity shares by Manjunath Nanjaiah. The funds from the fresh issuance, totaling ₹ 120 crore, will be used to cover the costs of its cloud infrastructure; ₹ 151.54 crore will go toward investment in research, design, and development of its products and platform; ₹ 10.32 crore will be allocated for acquiring computer systems for its operations; funds will also be used for growth through unspecified acquisitions; and for general corporate purposes. The book-running lead managers are JM Financial Limited, IIFL Capital Services Limited, and Nomura Financial Advisory and Securities (India) Private Limited, while MUFG Intime India Private Limited serves as the registrar for the issue. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
