Capillary Technologies IPO: Strong Listing Ahead!
Capillary Technologies India is making its much-anticipated debut on the Indian stock exchanges on November 21. This follows an impressive initial public offering (IPO) that attracted significant investor interest, resulting in an astounding subscription rate of 52.95 times. The IPO opened for subscription from November 14 to 18 and saw allotments finalized on November 19.
The company operates in the Software as a Service (SaaS) sector, which has been growing rapidly in India. Its IPO price band was set between Rs 549 and Rs 577 per share, with the total capital raised amounting to Rs 877.50 crore. This included a fresh issuance of shares worth Rs 345 crore and an offer-for-sale worth Rs 532.50 crore.
On the day of the listing, the shares are expected to start trading on both the BSE and NSE from 10:00 AM. Investors have been closely monitoring the grey market premium (GMP) as an indicator of the debut price. Recent trends show that the shares are trading at a premium of Rs 630 in the grey market, suggesting a potential listing price of around Rs 635. This would mean a 10% increase over the IPO price.
Investor enthusiasm is particularly high among retail and institutional categories. Retail investors subscribed to the IPO 15.82 times, while the Non-Institutional Investors (NII) segment saw a whopping 69.84 times subscription. Qualified Institutional Buyers (QIBs) also showed robust interest, with a subscription rate of 57.27 times.
With such high demand and positive market signals, analysts are optimistic about Capillary Technologies' performance post-listing. The company is entering a competitive landscape, but its strong backing and innovative offerings position it well for future growth. As it joins the ranks of publicly traded firms, market watchers will be eager to see how it performs in the coming days.
MUFG Intime India Pvt Ltd acted as the registrar for the issue, while JM Financial, IIFL Capital Service, and Nomura Financial Advisory and Securities served as the book-running lead managers. With the IPO generating significant buzz, investors are keenly awaiting the stock's market entry.
