SaaS/Retail Tech - Listed on 21 November 2025
Capillary Technologies (SaaS/Retail Tech) closed its IPO window in 2025 and listed on NSE and BSE on 21 November 2025 at an upper band issue price of Rs 577, opening at Rs 572 for a listing gain of -0.9% and closing day one at Rs 606.5 (+5.1% on closing basis). The IPO was subscribed 52.95x overall - QIB 57.27x, HNI/NII 69.84x, Retail 15.82x. The total issue size was Rs 877.5 Cr (Fresh Issue Rs 345 Cr, OFS Rs 532.5 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
SaaS/Retail Tech
Capillary Technologies operates in the SaaS/Retail Tech space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Capillary Technologies issue was offered at an upper price of Rs 577 and raised approximately Rs 877.5 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +8.67% |
| Day 2 | Rs 50 | +8.67% |
| Day 3 | Rs 50 | +8.67% |
| Day 4 | Rs 50 | +8.67% |
| Day 5 | Rs 28 | +4.85% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Capillary Technologies IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Capillary Technologies IPO listed at -0.9% versus the upper issue price of Rs 577 on 21 November 2025.
Capillary Technologies IPO was subscribed 52.95x overall. QIB portion was subscribed 57.27x, HNI / NII 69.84x and Retail 15.82x.
IPO GMP started at Rs 50 on Day 1 and moved to Rs 28 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.