Capillary Technologies
MAINBOARD
Listed
Price Band
₹549 - ₹577
Lot Size
25 Shares
Issue Size
₹850.00 Cr
Fresh Issue
₹200.00 Cr
OFS
₹650.00 Cr
Registrar
MUFG Intime India Private Limited
AI Sentiment Score
Listing Price
₹572.00
vs Issue: ₹577 (-0.87%)
📅 IPO Timeline
✓
Open
Nov 14, 2025
✓
Close
Nov 18, 2025
✓
Allotment
Nov 19, 2025
✓
Refund
Nov 20, 2025
✓
Demat
Nov 20, 2025
✓
Listing
Nov 21, 2025
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
Capillary Technologies displays an established operational footprint with expanding revenue streams (31.5% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (31.5% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 3.42%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 323.00 Cr | Rs 525.00 Cr | Rs 598.00 Cr | Rs 735.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs -88.00 Cr | Rs -57.00 Cr | Rs 13.00 Cr | Rs 52.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs -64.00 Cr | Rs -12.00 Cr | Rs 65.00 Cr | Rs 93.00 Cr |
| Borrowings (₹ Cr) | Rs 149.00 Cr | Rs 77.00 Cr | Rs 106.00 Cr | Rs 54.00 Cr |
| Total Assets (₹ Cr) | Rs 446.00 Cr | Rs 870.00 Cr | Rs 838.00 Cr | Rs 1,299.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 3.42% | 3.42% | 3.42% | 3.42% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
91.1x
Industry P/E
104.8x
Debt/Equity
0.05
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 104.8x
IPO 91.1x
0x (Deep Value)
141x (High Multiple)
📋 Live Subscription Status
QIB
57.27x
NII
85.40x
Retail
15.82x
Total
52.95x
🎯 Retail Allotment Probability
6.3% Odds
1 in 15.8 chance (~6.3% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:34 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹850.0 Cr
Issue Size
Fresh (23.5%)
OFS (76.5%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.