Capillary Technologies IPO Skyrockets with Overwhelming Subscription

Capillary Technologies India's initial public offering was highly successful, being subscribed 52.95 times. The Rs 877.5-crore IPO saw massive interest from non-institutional and institutional investors. The company offers AI-based SaaS solutions globally, with shares set to list on BSE and NSE, following a fixed price band of Rs 549-577 per share.

Capillary Technologies India's initial public offering (IPO) closed with a staggering over-subscription of 52.95 times on its final day, underscoring the heavy investor demand.

The Rs 877.5-crore IPO received bids for nearly 44.4 crore shares, vastly outstripping the 83.8 lakh shares initially on offer.

Particularly notable were the non-institutional investors who subscribed to their portion 69.84 times, while Qualified Institutional Buyers saw a subscription rate of 57.27 times. Retail investors participated vigorously with a 15.82 times subscription rate. The company had secured Rs 394 crore from anchor investors and set a price band between Rs 549 and Rs 577 per share. Capillary Technologies provides AI-driven SaaS solutions for enterprises and plans its share listing on both the BSE and NSE.

(With inputs from agencies.)