Capillary Technologies' IPO: A Bid for Expansion and Innovation

Capillary Technologies India, a prominent SaaS firm, has begun the process of launching an Initial Public Offering (IPO) to raise Rs 430 crore. According to the draft red herring prospectus filed with SEBI, the fundraising will consist of a fresh issuance of shares and an offer for sale (OFS) by current shareholders.

The shareholders participating in the OFS include Capillary Technologies International Pte Ltd, Ronal Holdings LLC, Trudy Holdings, and Filter Capital India Fund I. The funds from the fresh shares will be allocated to enhancing the company's cloud infrastructure, investing in research and development, acquiring new computer systems, and facilitating strategic acquisitions for inorganic growth.

With a substantial global presence across multiple countries, Capillary Technologies supports over 390 brands and has recently turned profitable. The IPO, managed by JM Financial, IIFL Capital Services, and Nomura Financial Advisory, seeks approval for listing on the NSE and BSE.

(With inputs from agencies.)