• Price band of ₹549 to ₹577/- per Equity Share bearing face value of ₹2/- each (“Equity Shares”)
  • Bid/Offer Opening Date – Friday, November 14, 2025 and Bid/Offer Closing Date – Tuesday, November 18, 2025.
  • Minimum Bid Lot is 25 Equity Shares and in multiples of 25 Equity Shares thereafter

Mumbai :  Capillary Technologies India Limited (“Company”) has fixed the price band of ₹549/- to ₹577/- per Equity Share of face value ₹ 2/- each for its initial public offer.

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on November 14, 2025, for subscription and close on November 18, 2025. can bid for a minimum of 25 Equity Shares and in multiples of 25 Equity Shares thereafter.

The IPO is a fresh issue of equity shares of face value ₹ 2/- each (“Equity Shares”) aggregating to ₹ 3450.00 million and an offer-for-sale for 92,28,796 Equity Shares.

The Net Proceeds from the fresh issue to the extent of up to ₹ 1,430.00 million will be utilized for funding its cloud infrastructure costs, up to ₹ 715.81 million for investment in research, designing and development of Company’s products and platform, up to ₹ 103.42 million for investment in purchase of computer systems for its business and the balance for funding inorganic growth through unidentified acquisitions and general corporate purposes (The amount to be utilised for general corporate purposes and towards unidentified acquisitions and other strategic initiatives shall not, in aggregate, exceed 35% of the Gross Proceeds, out of which the amounts to be utilized towards either of (i) general corporate purposes, or (ii) unidentified acquisitions will not exceed 25% of the gross proceeds. Further, the utilization of Net Proceeds towards funding inorganic growth through unidentified acquisitions and general corporate purposes shall be done in such a manner to ensure that the Company does not utilise more than 50% of the proceeds from fresh issue towards funding any capital expenditure (including towards funding the unidentified acquisitions)).

The Company is a software product company offering artificial intelligence (AI)-based cloud-native Software-as-a-Service (SaaS) products and solutions primarily to enterprise customer globally to develop loyalty of its consumer and channel partners. As of September 2025, based on benchmarking with its peer group and the breadth of its offerings, the Company stands out as one of the global leader in loyalty and engagement management. (Source: Zinnov Report)

The Company is among one of the few players in the loyalty management space that offer end-to-end loyalty solutions. Its diversified product suite, which includes its advanced loyalty management platform (Loyalty+), connected engagement platform (Engage+), predictive analytics platform (Insights+), rewards management platform (Rewards+) and customer data platform (CDP) allows its customers to run end-to-end loyalty programs, get a comprehensive view of consumers and offer unified, cross-channel strategies that deliver a real-time omni-channel, personalized, and consistent experience for customers. The Company supports over 410 brands in 47 countries, as of September 30, 2025, with the aim that businesses build consumer value using Company’s innovative solutions.

The Company’s consolidated revenue from operations for the six months ended September 30, 2025 was ₹ 3,592.18 million vis-à-vis ₹ 2,871.77 million for the six months ended September 30, 2024. 

The Company’s consolidated revenue from operations was ₹ 5,982.59 million during FY25 vis-à-vis ₹ 5,251.00 million during FY24 & ₹ 2,553.72 million during FY23.

JM Financial Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Nomura Financial Advisory and Securities (India) Private Limited are the book-running lead manager; and MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar of the offer.

The Offer is being made through the book-building process, wherein not more than 75% of the net offer is allocated to qualified institutional buyer, and not more than 15% of the net offer is assigned to non-institutional bidders and not more than 10% of the net offer is assigned to and retail individual bidder, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from at or above the Offer Price.