Capillary Technologies IPO GMP Falls Over 40% In 3 Days - Here's What Day 2 Subscription Numbers Show

The grey market premium (GMP) of Capillary Technologies' shares in the unlisted market has declined by over 42 per cent in the previous three days. As of November 17, the second day of bidding, its GMP has fallen from a high of Rs 50 to Rs 29 per share.

The decline in GMP comes amid weak subscription in the IPO. So far, around 3:30 PM, Capillary Technologies’ initial public offering (IPO) was subscribed 46 per cent, or 0.46 times.

Capillary Technologies IPO Subscription Status: Day 2

The qualified institutional buyers (QIBs) have booked the issue 0.3 times, the non-institutional investor (NII) category was booked 0.45 times, and the retail investors’ quota was booked 0.92 times.

Capillary Technologies’ IPO offers 15.21 million shares. Of this, 11.37 shares or 74.81 per cent of the issue size have been reserved for QIBs, including 6.83 shares or 44.90 per cent for anchor investors. The NII portion has a size of 2.27 million shares or 14.96 per cent, while retail investors have 1.52 million shares or 9.97 per cent.

Capillary Technologies IPO Details

Capillary Technologies IPO Size: The company seeks to raise Rs 877.50 crore through a combination of fresh equity shares and offer-for-sale (OFS) shares. The fresh issue component consists of 5.98 million shares worth Rs 345 crore, while the OFS component includes 9.23 million shares worth Rs 532.5 crore.

Capillary Technologies IPO Price Band: The company has set its shares' price band at Rs 549-577 per share.

Capillary Technologies IPO Lot Size, Minimum Amount: The SaaS company’s shares are being offered in a minimum lot size of 25 shares and the minimum investment required by retail investors is Rs 14,425.

Capillary Technologies IPO Allotment, Listing Date: The basis of share allotment is expected to be finalised by November 19, and shares are scheduled to be listed on NSE and BSE tentatively on November 21.

Capillary Technologies IPO BRLMs, Registrar: JM Financial, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) are the book running lead managers, and MUFG Intime India is the registrar to the issue.

Capillary Technologies IPO Objectives: The company plans to use the net proceeds for various purposes. It will allocate Rs 120 crore towards funding cloud infrastructure costs, Rs 151.54 crore towards investment in research, designing, and development of products and platforms, and Rs 10.32 crore for investment in the purchase of computer systems. The rest of the amount will be used for acquisitions and for general corporate purposes.

Capillary Technologies: Company Profile

Capillary Technologies is a Bengaluru-based software-as-a-service (SaaS) company that helps consumer brands track, analyse, and engage their customers using data-led tools. Founded in 2008, it runs a subscription-driven business and earns revenue from software licences, support services, and implementation work.