Capillary Technologies made a discouraging stock market debut on Friday, listing at ₹571.90, a 0.88% discount to its issue price. On the BSE, the stock opened even lower at ₹560, reflecting broader weakness after yesterday’s US market sell-off, which weighed heavily on sentiment for this SaaS company’s listing.
Market watchers noted that the risk “did not pay off” for investors who were expecting a stronger debut.
Capillary Technologies IPO: Key Details
The IPO opened for subscription on November 14 and closed on November 18, with allotments finalised on November 19. Shares listed today, Friday, November 21, on both BSE and NSE.
The company had set a price band of ₹549–₹577 per share.
The total issue size was ₹877.50 crore, comprising:
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Fresh issue: 59.79 lakh shares worth ₹345 crore
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Offer for sale (OFS): 92.28 lakh shares worth ₹532.50 crore
Despite a well-received subscription phase, the global market downturn impacted today’s listing performance.
