{"id":17557,"date":"2025-11-17T13:32:46","date_gmt":"2025-11-17T08:02:46","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=17557"},"modified":"2025-11-17T13:32:46","modified_gmt":"2025-11-17T08:02:46","slug":"capillary-technologies-ipo-subscribed-38-percent-gmp-rises","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/ipo-news\/capillary-technologies-ipo-subscribed-38-percent-gmp-rises\/","title":{"rendered":"Capillary Technologies IPO Subscribed 38% on Day 2, GMP Rises to 5%"},"content":{"rendered":"<p data-start=\"556\" data-end=\"725\">The Capillary Technologies IPO continued to draw steady investor interest on the second day of bidding, with the issue subscribed 38% as of 12 pm on November 17.<\/p>\n<p data-start=\"727\" data-end=\"854\">According to NSE data, the IPO received bids for 31.55 lakh shares against the total offer size of 83.83 lakh shares.<\/p>\n<p data-start=\"856\" data-end=\"1111\">Retail investors showed the strongest traction, subscribing 65% of their allocated quota.<br data-start=\"956\" data-end=\"959\" \/>Non-Institutional Investors (NII) subscribed 36%, while Qualified Institutional Buyers (QIB) picked up 29% of their reserved portion.<\/p>\n<h2 data-start=\"1118\" data-end=\"1160\">Grey Market Premium: GMP Moves to 5%<\/h2>\n<p data-start=\"1162\" data-end=\"1414\">Ahead of listing, the Capillary Technologies IPO GMP climbed to nearly 5% over the issue price, as per Investorgain.<br data-start=\"1286\" data-end=\"1289\" \/>This marks an improvement from yesterday\u2019s 4% but is still below the 9% premium seen on November 14, when the IPO opened.<\/p>\n<p data-start=\"1416\" data-end=\"1490\">IPO Watch also reported a similar trend with a 4% grey market premium.<\/p>\n<p data-start=\"1416\" data-end=\"1490\"><em><strong>Also Read:<\/strong>\u00a0<a href=\"https:\/\/www.niftytrader.in\/content\/india-us-historic-lpg-import-deal\/\">India Signs \u2018Historic\u2019 Deal to Import 2.2 MTPA LPG from the US: Puri<\/a><\/em><\/p>\n<h2 data-start=\"1497\" data-end=\"1539\">About the Capillary Technologies IPO<\/h2>\n<p data-start=\"1541\" data-end=\"1680\">Capillary Technologies, a provider of AI-driven cloud-native SaaS solutions, is looking to raise \u20b9877.5 crore through the offering.<\/p>\n<p data-start=\"1682\" data-end=\"1713\">The issue structure includes:<\/p>\n<ul data-start=\"1714\" data-end=\"1886\">\n<li data-start=\"1714\" data-end=\"1745\">\n<p data-start=\"1716\" data-end=\"1745\">Fresh issue: \u20b9345 crore<\/p>\n<\/li>\n<li data-start=\"1746\" data-end=\"1886\">\n<p data-start=\"1748\" data-end=\"1886\">Offer for sale (OFS): 92.28 lakh shares worth \u20b9532.5 crore, sold by Capillary Technologies International and investor Trudy Holdings<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1888\" data-end=\"2008\">The price band has been set at \u20b9549\u2013\u20b9577 per share, and the IPO will remain open between November 14 and 18.<\/p>\n<h2 data-start=\"2015\" data-end=\"2055\">Strong Anchor Book Ahead of Launch<\/h2>\n<p data-start=\"2057\" data-end=\"2150\">A day before the IPO opened, the company secured \u20b9394 crore from 21 anchor investors.<\/p>\n<p data-start=\"2152\" data-end=\"2271\">A major chunk of this allocation \u2014 46.1 lakh shares (67.52%) \u2014 went to nine domestic mutual funds, including:<\/p>\n<ul data-start=\"2272\" data-end=\"2438\">\n<li data-start=\"2272\" data-end=\"2291\">\n<p data-start=\"2274\" data-end=\"2291\">SBI Mutual Fund<\/p>\n<\/li>\n<li data-start=\"2292\" data-end=\"2315\">\n<p data-start=\"2294\" data-end=\"2315\">ICICI Prudential MF<\/p>\n<\/li>\n<li data-start=\"2316\" data-end=\"2338\">\n<p data-start=\"2318\" data-end=\"2338\">Kotak Mahindra AMC<\/p>\n<\/li>\n<li data-start=\"2339\" data-end=\"2350\">\n<p data-start=\"2341\" data-end=\"2350\">Axis MF<\/p>\n<\/li>\n<li data-start=\"2351\" data-end=\"2380\">\n<p data-start=\"2353\" data-end=\"2380\">Aditya Birla Sun Life AMC<\/p>\n<\/li>\n<li data-start=\"2381\" data-end=\"2396\">\n<p data-start=\"2383\" data-end=\"2396\">Mirae Asset<\/p>\n<\/li>\n<li data-start=\"2397\" data-end=\"2410\">\n<p data-start=\"2399\" data-end=\"2410\">Edelweiss<\/p>\n<\/li>\n<li data-start=\"2411\" data-end=\"2425\">\n<p data-start=\"2413\" data-end=\"2425\">PGIM India<\/p>\n<\/li>\n<li data-start=\"2426\" data-end=\"2438\">\n<p data-start=\"2428\" data-end=\"2438\">Union MF<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2440\" data-end=\"2595\">Other global investors included Amundi Funds, HSBC Global, Matthews India Fund, Pinebridge Global, Optimix Wholesale Global, Hornbill, and Innoven Capital.<\/p>\n<h2 data-start=\"2602\" data-end=\"2635\">Planned Use of IPO Proceeds<\/h2>\n<p data-start=\"2637\" data-end=\"2702\">Capillary Technologies plans to allocate the proceeds as follows:<\/p>\n<ul data-start=\"2704\" data-end=\"2941\">\n<li data-start=\"2704\" data-end=\"2747\">\n<p data-start=\"2706\" data-end=\"2747\">\u20b9143 crore for cloud infrastructure<\/p>\n<\/li>\n<li data-start=\"2748\" data-end=\"2813\">\n<p data-start=\"2750\" data-end=\"2813\">\u20b971.6 crore for product research, design, and development<\/p>\n<\/li>\n<li data-start=\"2814\" data-end=\"2863\">\n<p data-start=\"2816\" data-end=\"2863\">\u20b910.3 crore for computer system purchases<\/p>\n<\/li>\n<li data-start=\"2864\" data-end=\"2941\">\n<p data-start=\"2866\" data-end=\"2941\">Remaining funds for inorganic growth and general corporate purposes<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2943\" data-end=\"3070\">JM Financial, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) are the merchant bankers for the IPO.<\/p>\n<h3 data-start=\"3077\" data-end=\"3106\">Should Investors Apply?<\/h3>\n<p data-start=\"3108\" data-end=\"3261\">According to Shravan Shetty, Managing Director at Primus Partners:<br data-start=\"3174\" data-end=\"3177\" \/>\u201cCapillary Technologies IPO is at a steep premium compared to its SaaS peers.\u201d<\/p>\n<p data-start=\"3263\" data-end=\"3451\">He adds that although the company has shown a turnaround, its return on net worth remains lower than competitors, implying the need for both scale and efficiency to justify valuations.<\/p>\n<p><em><strong>Click here to explore:<\/strong> <a href=\"https:\/\/www.niftytrader.in\/ipo\/capillary-technologies-ipo\">Capillary Technologies IPO<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Capillary Technologies IPO continued to draw steady investor interest on the second day of bidding, with the issue subscribed 38% as of 12 pm on November 17. According to NSE data, the IPO received bids for 31.55 lakh shares against the total offer size of 83.83 lakh shares. Retail investors showed the strongest traction, [&hellip;]<\/p>\n","protected":false},"author":7,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1367],"tags":[],"ppma_author":[1384],"class_list":{"0":"post-17557","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipo-news"}," _eael_post_view_count":0,"authors":[{"term_id":1384,"user_id":7,"is_guest":0,"slug":"jitesh-kanwariya","display_name":"Jitesh Kanwariya","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=17557"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17557\/revisions"}],"predecessor-version":[{"id":17559,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17557\/revisions\/17559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/17558"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=17557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=17557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=17557"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=17557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}