Capillary Technologies IPO GMP Jumps 4% on Day 2 as Subscription Touches 30%: Should You Apply?

Bengaluru-based Capillary Technologies India Ltd, a leading homegrown SaaS company, saw a mild improvement in market sentiment on Day 2 of its IPO. The issue, which opened on November 14, is gradually gaining traction from retail and institutional investors, while the grey market premium has also inched higher.

Capillary Technologies IPO Subscribed 30% So Far

As of 10:09 AM on November 17, the Capillary Technologies IPO has been subscribed 0.31 times overall. The category-wise subscription level was mixed so far, as the retail investors category subscribed 0.39 times. The QIBs, excluding the anchor investors, bid it 0.29 times, while the NIIs bid 0.30 times. While subscription levels remain modest, analysts expect the pace to pick up on the final two days of bidding.

Capillary Technologies IPO GMP Today

The Capillary Technologies IPO GMP is quoting at Rs. 23 on November 17. With the upper price band fixed at Rs. 577 per share, the estimated listing price stands at approximately Rs. 600, signalling a potential 3.99% listing gain.

Capillary Technologies IPO Details

Capillary Technologies is launching an Rs. 877.50 crore IPO, comprising a fresh issue of 0.60 crore shares worth Rs. 345 crore and an OFS. The price band for the IPO is Rs. 549 to Rs. 577 per share.

The IPO opened on November 14th and will close tomorrow on November 18th. The allotmentwill be fixed on November 19. And the listing will be done on November 21 on BSE & NSE.

Should You Apply? What Analysts Are Saying

Early analyst opinions indicate mixed but leaning-positive sentiment. Out of 11 brokerage firms and analysts who reviewed the issue, 4 have issued a 'Subscribe' rating, largely on long-term merits.
IDBI Capital, in its research note, stated, "Capillary Technologies is a global SaaS company offering end-to-end loyalty and engagement management solutions. With a strong international presence and diversified product portfolio, it is well-positioned to benefit from rising digital adoption and enterprise spending on customer retention. Backed by AI-driven personalisation tools and scalable cloud infrastructure, we recommend SUBSCRIBE for the long term."

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.