India's Capillary Tech rises in trading debut, hits 49.2-billion-rupee valuation

Capillary Technologies India

21/11/2025 06:05

** India's Capillary Technologies CAPY.NS rises 7.88% to 620.7 rupees in trading debut

** Co attains valuation of 49.2 billion rupees, as per data from NSE

** The AI-based software solutions provider's 8.78 billion rupees ($99.05 million) IPO was subscribed nearly 53 times

** Demand led by institutional and non-institutional investors

** "Capillary's strengths lie in its AI-driven loyalty management platform, deep enterprise client relationships ... and consistent revenue growth driven by subscriptions," says Shivani Nyati, Head of Wealth at Swastika Investmart

** Co plans to use proceeds from IPO to fund cloud infrastructure cost, invest in research and design and fund growth through potential acquisitions, among other needs

($1 = 88.6390 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))