21 June 2025, 11:26 AM
Capillary Technologies India Ltd.
Capillary Technologies India has filed preliminary papers with markets regulator Securities and Exchange Board of India (Sebi) to seek approval to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of shares worth Rs 430 crore and an offer for sale (OFS) of 1.83 crore shares by existing shareholders.
Proceeds from its fresh issuance worth Rs 120 crore will be utilised for funding the company's cloud infrastructure cost; Rs 151.54 crore for investment in research, designing, and development of its products and platform; and Rs 10.32 crore for investment in the purchase of computer systems for its business. Besides, proceeds will be used for funding inorganic growth through unidentified acquisitions and general corporate purposes. Earlier in December 2021, the company had filed its IPO papers with Sebi. However, it did not get the approval.
Capillary Technologies India offers artificial intelligence (AI)-based cloud-native Software-as-a-Service (SaaS) products and solutions primarily to enterprise customers.