Capillary Technologies Files for IPO with SEBI, Plans to Raise USD 50 Mn
The filing was submitted on Thursday, marking a major step in the company's renewed effort to go public after postponing plans in 2021 due to poor market conditions.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Bengaluru-based SaaS firm Capillary Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
The filing was submitted on Thursday, marking a major step in the company's renewed effort to go public after postponing plans in 2021 due to poor market conditions.
The IPO will include a fresh issue of shares worth USD 50 million (approximately INR 430 crore) and an offer for sale (OFS) of 1.83 crore equity shares. The company's promoter, Capillary Technologies International Pte Ltd, will sell around 1.43 crore shares, which is nearly 77.6% of the OFS.
Other participants in the OFS include institutional investors Ronal Holdings, Trudy Holdings, and Filter Capital, along with individual shareholders such as Sripathi Venkata Ramana Reddy, Harminder Sahni, Adarsh Reddy, Sudhakar Reddy, Sripathi Damodar Reddy, and Manjunath Nanjaiah.
As per the DRHP, Capillary Technologies International Pte Ltd holds a 65.47% stake in the company. Other major shareholders include Ronal Holdings with 7.53%, AVP Fund (Avataar Ventures) with 5.51%, Trudy Holdings at 4.49%, and Filter Capital India at 3.66%.
The company plans to use the IPO proceeds to enhance its cloud infrastructure and invest in product research and development. About INR 120 crore will go towards cloud infrastructure, INR 151.5 crore towards R&D, and INR 10.3 crore for purchasing computer systems. A part of the funds will also be used for potential acquisitions and general corporate purposes.
JM Financial, IIFL Capital, and Nomura Financial Advisory have been appointed as the book-running lead managers for the issue.
Capillary Technologies recently reported a 14% increase in operational revenue, reaching INR 598 crore in FY24. It also turned profitable in FY25, posting a net profit of INR 13.3 crore, compared to a INR 59.4 crore loss the previous year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Johan Holdings Berhad Third Quarter 2025 Earnings: EPS: RM0.007 (vs RM0.008 loss in 3Q 2024)
Net income: RM8.15m (up from RM8.78m loss in 3Q 2024). EPS: RM0.007 (up from RM0.008 loss in 3Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Johan Holdings Berhad shares are up 20% from a week ago. You should always think about risks. Case in point, we've spotted 3 warning signs for Johan Holdings Berhad you should be aware of, and 2 of them are concerning. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
35 minutes ago
- Yahoo
Visdynamics Holdings Berhad Second Quarter 2025 Earnings: EPS: RM0.004 (vs RM0.005 loss in 2Q 2024)
Revenue: RM7.85m (up 315% from 2Q 2024). Net income: RM954.0k (up from RM1.41m loss in 2Q 2024). Profit margin: 12% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. EPS: RM0.004 (up from RM0.005 loss in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Visdynamics Holdings Berhad shares are up 5.1% from a week ago. You should learn about the 4 warning signs we've spotted with Visdynamics Holdings Berhad (including 2 which don't sit too well with us). Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Associated Press
an hour ago
- Associated Press
NIA Invites You to Countdown to "SITE 2025" Southeast Asia's Largest Innovation and Startup Expo, uniting 10 Countries and Over 100 Organizations to Drive Global Innovation Collaboration
BANGKOK, THAILAND - Media OutReach Newswire - 20 June 2025 - The National Innovation Agency (Public Organization) or NIA, under the Ministry of Higher Education, Science, Research and Innovation, has announced its readiness to host the Startup x Innovation Thailand Expo 2025 (SITE 2025) under the theme: 'Global Innovation Partnership – AI & Sustainability: The Next Era of Innovation,' to be held from July 4–6, 2025, at Paragon Hall, 5th Floor, Siam Paragon. This year marks a significant milestone as SITE evolves into a truly regional platform for innovation. Thailand is positioning itself as a Global Innovation Collaboration Hub, uniting the strength of 10 leading partner countries: Japan, South Korea, Hong Kong, Singapore, Czech Republic, Hungary, Finland, Switzerland, Qatar, and Chile—spanning Asia, Europe, the Middle East, and Latin America. In addition, over 100 organizations will participate, including 20 international agencies, 12+ leading private-sector companies, 7 professional associations, and 50 universities from across Thailand. IMG 0419 'More Than an Expo – A Global Collaboration Platform' Dr. Krithpaka Boonfueng, Executive Director of NIA, stated: 'SITE 2025 is more than an expo—it's a platform where meaningful global collaboration takes place with depth, inclusivity, and a shared purpose. With AI and sustainability at the core of the global economy, our goal is to drive real-world impact across business, investment, and innovation policy.' The 2025 edition of SITE will feature more than 30 seminars, covering the full spectrum of global innovation across three major stages: Main Stage – the 'heart' of the event, where international thought leaders will share visionary insights and the latest trends in AI, sustainability, and cross-border collaboration. Global Stage – in-depth policy and strategy sessions exploring opportunities, challenges, and pathways to bring innovation to the global market. Pitch Stage – a dedicated arena for Thai and international startups to pitch their ideas, promote technologies, and scale their ventures in front of global investors. Highlights: From Global Policy to Groundbreaking Pitches One of the major highlights on the Pitch Stage will be the National Pitching Startup Thailand League 2025, alongside the 100 Startup Pitching showcase, featuring cutting-edge technologies such as AI, Deep Tech, and sustainability-driven innovation. The expo will also include exhibitions from over 300 startups and leading innovation organizations, presenting real products, prototypes, and market-ready solutions. More than 30 Business Matching sessions will be held to facilitate direct connections between entrepreneurs, investors, technology owners, and partners from both Thailand and abroad. The Prime Minister Awards, a prestigious national honor, will recognize organizations, startups, and collaborations that have created significant and measurable impact both nationally and internationally. Dr. Krithpaka concluded: 'NIA invites everyone with a creative spirit—innovators, investors, entrepreneurs, students, or those seeking new opportunities—to be part of SITE 2025. This is a platform to connect with global players, update on future trends, and create meaningful change together. It's also a critical opportunity to help drive Thailand forward in alignment with the 'Groom – Grant – Growth – Global' strategy.' The 30+ Business Matching rounds are designed to help entrepreneurs meet with investors and technology owners in a targeted and impactful way. Special Panel at the Press Conference: 'Accelerating Innovation Through Global Partnerships' This session highlighted cross-sector collaboration driving Thai innovation to the global stage. From the government perspective, Mr. Pariwat Wongsamran, Deputy Executive Director of Innovation System at NIA, said: 'Innovation today knows no national borders. What NIA is doing is not just about giving opportunities to entrepreneurs—it's about laying the foundation for an ecosystem that connects Thailand to the world in a tangible way. Through partnerships in Europe and Asia, we're not only focusing on current innovations but also building infrastructure to support long-term growth so that Thai startups can scale more sustainably.' Ms. Salinee Phonprapai, Deputy Director-General of the Department of International Economic Affairs, added: 'Innovation is now a key engine driving Thailand's economy. The Ministry of Foreign Affairs is pushing Thai startups onto the global stage through a network of 98 embassies and consulates worldwide. We're also working with partners like NIA, BOI, EEC, depa, and the Department of Trade Negotiations to promote investment, open new markets, and facilitate trade deals. In addition, visa policies are being introduced to attract global talent to enhance Thailand's innovation ecosystem.' On the private sector and innovation business side, Na Ranong, President of the Thai Venture Capital Association (TVCA), emphasized: 'Global partnership is the heart of modern investment. It increases business expansion opportunities and leads to higher value exits, particularly in hot sectors like AI and Deep Tech, which are drawing attention from global investors. Today's investors are looking for startups that can truly connect to the global network.' Mr. Thanawit Tonkanya, President of the Thai Startup Association (TSA), said: 'Thai startups must dream big, embrace international perspectives, and develop pitch skills that appeal to investors. SITE 2025 is a real-world arena for testing, connecting, and growing global networks.' 'Be part of the global change! and connect with innovators, creators, and investors shaping the future at SITE 2025.' The event will take place from July 4–6, 2025, at Paragon Hall, 5th Floor, Siam Paragon. Free entry! Register at: For more updates, follow on Facebook: NIA - National Innovation Agency Thailand, and Startup Thailand Hashtag: #NIA #SITE2025 #StartupThailand #InnovationThailand #DeepTech #AI #Sustainability #GlobalInnovationPartnership The issuer is solely responsible for the content of this announcement.
