India, June 20 -- SaaS company Capillary Technologies has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise INR 2,250 Cr through an initial public offering (IPO).

As per the DRHP, the company's IPO will consist of a fresh issue of INR 430 Cr and an offer for sale (OFS) component comprising 18.3 Mn shares.

With the funds raised via IPO, it is looking to deploy INR 120 Cr in building up its cloud infrastructure, INR 151.5 Cr in research, design and development of its products and platform and INR 10.3 Cr to purchase computer systems for the company.

The company is also planning to use funding in acquisitions and general corporate purposes.

Capillary's shareholders like Ronal Ho...