Capillary Technologies IPO Makes Stock Market Debut
The much-anticipated listing of Capillary Technologies India Limited is set for today, Friday, November 21, 2025. The SaaS company's equity shares will commence trading on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), marking a significant milestone for the Indian tech sector. The IPO, which witnessed overwhelming investor demand, is expected to list at a healthy premium.
Strong Investor Appetite and Key IPO Details
The public offering of Capillary Technologies was open for subscription from November 14 to November 18, 2025. The allotment of shares was finalized on Wednesday, November 19. The company successfully raised ₹877.50 crore through this issue. The price band for the IPO was set at ₹549 to ₹577 per share.
The issue structure comprised a fresh issue of 59.79 lakh shares aggregating to ₹345 crore and an offer-for-sale (OFS) of 92.28 lakh shares worth ₹532.50 crore. The subscription data reveals massive interest, with the IPO being oversubscribed 52.95 times overall. The breakdown of subscription shows robust demand across investor categories:
- Retail Individual Investors (RIIs): 15.82 times
- Non-Institutional Investors (NIIs): 69.84 times
- Qualified Institutional Buyers (QIBs): 57.27 times
The book running lead manager for the issue was JM Financial Ltd., and the registrar was MUFG Intime India Pvt. Ltd..
Grey Market Signals and Expected Listing Price
Ahead of the official listing, all eyes were on the grey market premium (GMP) to gauge investor sentiment. On the day of listing, the Capillary Technologies IPO GMP stood at ₹58 per share. This strong premium in the unofficial market indicates that the shares were trading at a significant mark-up compared to the issue price.
This GMP signals an estimated listing price of approximately ₹635 per share. This represents a premium of nearly 10% over the upper end of the IPO price band of ₹577. Market analysts have also projected a decent listing premium for the SaaS company's stock, aligning with the positive signals from the grey market.
Trading Session and Market Debut
According to a formal notice on the BSE, the equity shares of Capillary Technologies India Limited will be listed and admitted to dealings in the Exchange's 'B' Group of Securities. The notice also informed trading members that the scrip will be part of a Special Pre-open Session (SPOS) on November 21, 2025. Following this session, the stock will be available for continuous trading starting from 10:00 AM IST.
This listing is a key event for India's thriving IPO market and is closely watched as a barometer for investor confidence in technology and SaaS-based business models. The successful subscription and expected premium listing underscore the strong market belief in Capillary Technologies' growth potential.
