India, June 19 -- A couple of weeks after receiving the board approval for an INR 2,250 Cr IPO, SaaS company Capillary Technologies has filed its draft red herring prospectus (DRHP) with the SEBI for its initial public offering.

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. On June 3, Inc42 reported that the company's board had approved of an IPO comprising a fresh issue of INR 500 Cr and an OFS component of INR 1,750 Cr.

The selling shareholders of Capillary include Ronal Holdings, Trudy Holdings, Filter Capital India, Sripathi Venkata Ramana Reddy, Harminder Sahni, Adarsh Reddy B, Sudhakar Reddy Katanguri, Sripathi Damodar Reddy and Manjunath Nanjaiah.

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