Capillary Technologies India IPO is all set to make its stock market debut tomorrow, Friday, November 21. The bidding of the mainboard IPO opened on November 14 and closed on November 18.
Capillary Technologies India IPO got subscribed 52.95 times on the final day of subscription on Tuesday.
The ₹877.5-crore IPO received bids for 44,38,95,325 shares against 83,83,430 shares on offer, as per details available with the NSE.
Among investor categories, non-institutional investors’ portion fetched 69.84 times subscription, while the quota for Qualified Institutional Buyers (QIBs) was subscribed 57.27 times. The category for Retail Individual Investors (RIIs) received 15.82 times subscription.
Capillary Technologies India IPO GMP today
According to market trends in the grey market, the shares of Capillary Technologies India IPO is expected to witness a strong listing on both exchanges.
The shares of Capillary Technologies India IPO are currently trading at ₹57 premium in the grey market, as per investorgain. This means that the GMP of Capillary Technologies India IPO is +57.
The estimated listing price of Capillary Technologies India IPO is likely to be ₹634, which is 9.88% higher the IPO price.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Capillary Technologies India IPO details
The mainboard IPO includes a fresh issue of 60 lakh shares worth ₹345 crore and an offer for sale (OFS) of 92.3 lakh shares totaling ₹532.50 crore.
Capillary Technologies has set the IPO price band in the range of ₹549 to ₹577 per share.
The company intends to use the net proceeds from the fresh issue for: (i) meeting cloud infrastructure costs, (ii) investing in research, design, and development of its products and platform, (iii) purchasing essential computer systems for its operations, and (iv) funding inorganic growth through potential acquisitions, in addition to general corporate purposes.
The IPO lot consists of 25 shares. Retail investors must apply for at least one lot, which, at the upper price band of ₹577, comes to a minimum investment of ₹14,425. They can apply for up to 13 lots, translating to a maximum investment of ₹1,87,525.
JM Financial, IIFL Capital Services, and Nomura Financial Advisory and Securities (India) Private Limited are acting as the book-running lead managers for the IPO, while MUFG Intime India Pvt. Ltd. has been appointed as the registrar.
