Capillary Technologies India, an artificial intelligence-based cloud-native SaaS products and solutions provider has filed its draft documents with the market regulator SEBI to raise Rs 850 crore through an IPO.
The company will issue equity shares worth Rs 200 crore and an offer for sale of Rs 650 crore worth of equity shares by the promoter Capillary Technologies Pvt. Ltd.
The company may consider a pre-IPO placement aggregating up to Rs 20 crore. If such a placement is completed, the fresh issue size will be reduced.
Besides strategic investments, acquisitions and general corporate purposes, the fresh issue proceeds will be used for repaying debts, product development, technology upgrade and other growth initiatives.
Capillary’s customers and brands are diversified across verticals and jurisdictions that include businesses engaged in apparel, footwear, supermarkets, conglomerates, manufacturing and electronics, pharmacy and wellness, fine dining and Quick Service Restaurant (QSR), luxury and jewellery, entertainment, travel and hospitality.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
