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Capillary Technologies Prepares for $877.5M IPO Launch on November 14
12 Nov
Summary
- Capillary Technologies, an Indian tech firm, to launch $877.5M IPO on Nov 14
- IPO includes fresh issue of 60 lakh shares and offer for sale of 92 lakh shares
- Funds to be used for R&D, cloud infrastructure, and inorganic growth initiatives
On November 12, 2025, Indian tech firm Capillary Technologies announced that it will be launching its highly anticipated initial public offering (IPO) on November 14. The IPO, which is expected to raise Rs 877.50 crore (approximately $120 million), will include a fresh issue of 60 lakh shares worth Rs 345 crore and an offer for sale component of 92 lakh shares worth Rs 532.5 crore.
Capillary Technologies, which is part of the promoter group along with Aneesh Reddy Boddu, currently holds a 67.9% stake in the company. The IPO will be managed by JM Financial, IIFL Capital, and Nomura Financial Advisory, with MUFC serving as the registrar.
The company plans to use the funds raised from the IPO for various purposes, including Rs 151.54 crore for research and development, Rs 120 crore towards cloud infrastructure costs, and Rs 10.32 crore for inventory purchases. The remaining funds will likely be used for inorganic growth initiatives and other corporate purposes.
The IPO will be open for subscription from November 14 to November 18, with the shares expected to be listed on the NSE and BSE by November 21.
