Capillary Technologies, founded by IIT-KGP alumni, is filing for a domestic IPO
Inc42 (October 23, 2021)
Exclusive: Capillary Technologies Heads for Domestic IPO
--Capillary Technologies will be filing its prospectus with the market regulator by the end of November
--It has converted into a public company as per the latest regulatory filing
--The development comes almost a month after it acquired US-based customer experience platform Persuade for an undisclosed amount
Bengaluru and Singapore-based Capillary Technologies is heading for its initial public offering. The startup is planning to get itself listed on the Indian stock exchange.
Two people aware of the development informed Inc42 that the startup is aiming to file its draft red herring prospectus (DRHP) with the market regulator SEBI by November end and list itself on BSE as early as March next year depending on the market regulator’s approval.
Capillary Technologies has also converted into a public company, regulatory filings accessed by Inc42 show.
According to Inc42 sources, the enterprisetech startup has already roped in Kotak and ICICI Securities to manage its IPO.
Detailed questionnaires sent to the company elicit no response while publishing the story. Founded in August 2008 by IIT Kharagpur alumni Aneesh Reddy and Krishna Mehra, Capillary Technologies is an omnichannel engagement and commerce solution startup. It claims to have a stronghold in India, Southeast Asia, MENA, and China among other countries. (Read More)