Capillary Technologies IPO Approved; FY25 Revenue Up 14%
Capillary Technologies, a Bengaluru-based customer relationship management solutions provider, has received a green light for its Initial Public Offering (IPO) from the Securities and Exchange Board of India. The company reported a significant increase in operating revenue and a net profit in FY25.
Capillary Technologies, established in 2008 by Aneesh Reddy, has seen a 14 percent year-on-year increase in operating revenue, reaching INR 598 crore in FY25 from INR 525 crore in FY24. The company aims to use the proceeds from its upcoming IPO to strengthen its cloud infrastructure (INR 120 crore) and expand research and development (INR 151.5 crore).
The IPO, consisting of a fresh issue of shares worth INR 430 crore and an offer for sale of 1.83 crore shares by existing shareholders, comes after the company's largest shareholder, Capillary Technologies International Pte Ltd, increased its stake to 65.47 percent. The firms participating in the secondary share offering and their respective share sizes remain undisclosed.
Capillary Technologies also plans to allocate funds for broader corporate requirements and purchase computer systems to the tune of INR 10.3 crore. The company has turned around its financial performance, reporting a net profit of INR 13.3 crore in FY25, compared to a loss of INR 59.4 crore in the previous fiscal year.
Capillary Technologies' IPO, with its focus on infrastructure and R&D expansion, signals the company's ambition to grow and innovate in the customer relationship management space. The successful IPO, coupled with the company's strong financial performance, is expected to further strengthen Capillary Technologies' position in the market.
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