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Capillary Technologies to open ₹877.5 crore IPO on November 14 for AI-driven expansion
Capillary Technologies will open ₹877.
Customer engagement and loyalty solutions provider Capillary Technologies will open its ₹877.5 crore IPO on November 14, comprising a ₹300 crore fresh issue and ₹577.5 crore offer-for-sale. The funds will be used for debt repayment, AI-driven product development, and overseas expansion. The Bengaluru-based SaaS firm serves over 400 clients globally and has seen 25% CAGR in recurring revenue over the past three years.
The issue closes on November 18, with listing expected later in the month amid strong momentum in Indian tech IPOs.