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Capillary Tech readies for 2nd IPO attempt
June 13, 2025
|Mint Chennai
Warburg, other existing investors to pare stakes via listing this fiscal year
Capillary Technologies, a company specializing in loyalty management and customer engagement software, is likely to file a draft prospectus by October and go public this fiscal, two people aware of the plan told Mint. This would be its second attempt at listing. The company's board approved an initial public offering of ₹2,250 crore, of which ₹500 crore is a fresh issue of shares and ₹1,750 crore is an offer for sale by existing investors, according to a filing with the ministry of corporate affairs earlier this month.
Investors such as Warburg Pincus and Avataar Ventures will sell a part of their stakes in the IPO to reach minimum public shareholding norms, the people added. Warburg Pincus first invested in Capillary in 2018 in a $20 million round, alongside Sequoia Capital. Avataar joined the cap table in 2023 in an equity and debt round that totaled $140 million.
هذه القصة من طبعة June 13, 2025 من Mint Chennai.
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