CAPILLARY TECHNOLOGIES IPO
STT Global’s India biz on the block; micro occasions power qcomm
KKR, Singtel, and the Tatas are preparing to sell STT GDC India, a major data centre platform. This and more in today’s ETtech Top 5.
SaaS firm Capillary Tech posts strong Q4 on enterprise wins, Kognitiv integration
Capillary Technologies saw a strong financial performance with a 26% rise in operating revenue for the March quarter. The company's profit after tax surged by 233%. This growth was fueled by expanding its customer base, securing new contracts, and integrating its recent Kognitiv acquisition. Capillary also highlighted its strategic partnership with a US retailer and its expanding global reach.
Rising AI pressure, weak Q3 performance weigh on Capillary shares
Capillary Technologies India's stock has fallen 35% from its peak due to AI threats and a muted December quarter. The company, which offers a SaaS platform for customer engagement, faces potential revenue and profit contraction. Despite management's optimism about AI's role in analytics and campaign management, investors are concerned about its impact on the business model.
Capillary Technologies to acquire Mastercard's SessionM for $20 million
Capillary Technologies is acquiring SessionM from Mastercard for $20 million in cash to expand its loyalty and engagement suite. The deal will add $35 million in ARR, boosting Capillary’s current $82 million. SessionM serves more than 40 enterprise customers, including Fortune 500 companies, adding major airlines, airports and QSR chains to Capillary’s portfolio.
Capillary Technologies’ Q3 profit down 23% to Rs 8 crore; revenue up 16%
The company said its revenue growth was mainly supported by expansion within its existing customer base, onboarding of new enterprise clients, and revenue from Kognitiv, the martech firm it acquired last year. Capillary now works with over 115 enterprise customers spread across 47 countries.
Capillary Technologies shares rocket up to 13% after tepid debut. Should you buy, sell or hold the stock?
Capillary Technologies rebounded sharply after a weak stock market debut, with shares jumping up to 13% intraday despite listing at a discount to the IPO price. Strong buying interest offset initial caution and a missed grey market premium. Market experts advise IPO allottees to hold the stock for the medium to long term, with a strict stop-loss at around Rs 520.
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Capillary Technologies shares make tepid start, list at 3% discount to IPO price
Capillary Technologies India shares debuted on Friday with a slight discount to their IPO price. The company's initial public offering saw robust demand from institutional and retail investors. Capillary Technologies is a prominent SaaS firm specializing in customer loyalty and CRM solutions. The company has recently achieved profitability after a period of losses.

Capillary Technologies IPO allotment likely today. Check status, GMP and other details
Capillary Technologies India is set to finalise share allotment for its ₹877.5 crore IPO today. Applicants can view their allotment status on the BSE website or the registrar MUFG Intime India’s portal once the process is completed. The company’s shares are slated to list on November 21.

Capillary Technologies IPO subscribed 1.4x on Day 3; GMP hints modest listing pop. Should you apply?
Capillary Technologies' Rs 877 crore IPO saw steady demand on its final day, with overall subscription reaching 1.40 times. The retail and non-institutional investor portions were oversubscribed, while QIBs had subscribed 31% of their quota. Grey market premium suggests a modest listing gain of around 5%.

Capillary Technologies IPO Day 2: Check GMP trends and subscription status. Should you apply?
Capillary Technologies IPO: Capillary Technologies is quoting a ~4.2% grey-market premium (₹24–25), indicating a likely listing around ₹601–602 if sentiment holds.

Capillary Technologies IPO opens: Strong SaaS fundamentals, modest pricing draw analyst support
Capillary Technologies India has launched its Rs 877 crore IPO, offering shares at Rs 549-577. The Bengaluru-based SaaS firm, specializing in customer engagement and loyalty management, aims to fund growth and technology investments. With a strong client base and recurring revenue model, the company is positioned in the expanding digital loyalty market.

Can Capillary Technologies' IPO deliver long-term gains for investors?
Capillary Technologies is set to launch an Initial Public Offering to raise funds for cloud infrastructure and research. The company aims to secure up to ₹532 crore through an offer for sale and ₹345 crore via a fresh issue. Promoter stake will reduce post-IPO. Investors with a high risk appetite may consider this long-term opportunity.

Capillary Technologies raises Rs 394 cr from anchor investors ahead of IPO; Ravi Dharamshi’s Valuequest, Amundi among key backers
Capillary Technologies India has raised Rs 394 crore from a clutch of anchor investors ahead of its initial public offering (IPO) which opens for subscription on Friday, November 14.

Capillary Technologies trims IPO on strong cash flows, fewer exits
According to the final red herring prospectus, Capillary Technologies will raise Rs 345 crore through fresh shares against Rs 430 crore proposed in its draft prospectus filed in June. Its founder and CEO Aneesh Reddy said the company did not insist on a fixed valuation and has instead priced the IPO at a level where institutional investors are comfortable participating.

Capillary Technologies India IPO: Company sets price band at Rs 549 – Rs 577. Check GMP, other details
Capillary Technologies India has set its IPO price band at Rs 549–Rs 577 per share, aiming to raise Rs 345 crore through a fresh issue and Rs 380 crore via OFS.

Capillary Technologies gets Sebi nod for IPO
Capillary Technologies has secured market regulator approval for its IPO, aiming to raise Rs 430 crore in fresh capital. Its Singapore-based promoter entity, Capillary Technologies Pte, backed by Peak XV Partners and Avataar Ventures, will sell 14.2 million shares via OFS.

Sebi clears Capillary IPO; Zoho's Arattai goes viral
SaaS company Capillary Technologies is en route to Dalal Street after securing the market regulator's nod. This and more in today's ETtech Top 5.

Capillary Technologies gets Sebi's nod to float IPO
SaaS firm Capillary Technologies India has secured Sebi's approval to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Wednesday.

Capillary Technologies’ DRHP highlights rising competition, AI impact on business
Capillary Technologies, a customer engagement and loyalty tech provider, has filed its DRHP for an IPO, aiming to raise Rs 430 crore. While revenue increased to Rs 598 crore, the company acknowledges increasing competition and the potential impact of AI on customer reliance. Capillary plans to invest in R&D and acquisitions to maintain its competitive edge in the evolving market.

Qcomm’s worker woes; Capillary’s IPO moves
Quick commerce platforms are facing challenges in hiring and retaining delivery drivers amid rising competition. This and more in today’s ETtech Morning Dispatch

Capillary Technologies files IPO papers; aims to raise Rs 430 crore via fresh issue
Capillary Technologies India has filed for an IPO comprising a Rs 430 crore fresh issue and an OFS of 1.83 crore shares. Funds will support cloud infrastructure, R&D, and acquisitions. Those selling shares in the OFS include Capillary Technologies International Pte Ltd, Ronal Holdings LLC, Trudy Holdings, and Filter Capital India Fund I.

Capillary Technologies files IPO papers; aims to raise Rs 430 cr
SaaS firm Capillary Technologies India has filed preliminary papers with markets regulator Sebi to seek approval to raise funds through an initial public offering (IPO).

Startups on Trump win; govt’s plan for data centres
Trump's return raises hopes for increased funding and tech ties in India's startup ecosystem. This and more in today's ETtech Morning Dispatch.

SaaS provider Capillary Technologies revives IPO plan
Capillary Technologies, backed by the likes of Warbug Pincus, Peak XV Partners and The Evolvence Group, had first filed its draft prospectus with the Securities and Exchange Board of India in December 2021 but then deferred its plan.

Capillary Technologies extends latest funding round, raises $95 million in secondary transactions
Capillary Technologies raised $140 million in its extended Series D round, with plans to list on the Indian bourses. The company has seen growth in the US market, which now contributes 65% to its revenue run rate.

Capillary’s fifth buy is US firm Brierley from Nomura
This is Capillary’s fifth acquisition globally and second in the United States, in line with its efforts to expand into the North America market. In the past the company had acquired US-based customer experience firm Persuade; machine learning startup Ruaha Labs, and digital commerce solutions provider MartJack.

Sebi gives nod for seven IPOs
According to a circular issued by Sebi on Monday, the regulator has issued observation letters to companies such as Aether Industries, Syrma SGS Technology, Asianet Satellite Communications, Sanathan Textiles, Capillary Technologies, FabIndia, and Harsha Engineers International between April 25 and April 30.

FabIndia, Aether Industries, 5 others get Sebi's nod to float IPOs
These companies, which filed their preliminary IPO papers with Sebi during December 2021 and February 2022, obtained observations during April 27-30, an update with the regulator showed on Monday.

Capillary Technologies files DRHP for Rs 850 crore IPO
According to the draft papers, the issue consists of a fresh issue of equity shares aggregating to Rs 200 crore and an offer for sale (OFS) of up to Rs 650 crore by Capillary Technologies International Pte Ltd.
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