India, Nov. 19 -- Capillary Nears D-Street

Capillary Technologies is set to hit the D-Street debut later this week, and the markets are already buzzing. The SaaS major's public issue was oversubscribed 52X, with the grey market signalling a premium of nearly 5% over its issue price of INR 577. So, how does its IPO stack up?

The Nitty Gritties: Touted as 2025's first Indian, pure-play SaaS startup IPO, Capillary's public issue comprises a fresh issue of INR 345 Cr and an OFS component of up to 92.3 Lakh shares. At the upper end of its price band of INR 549 to INR 577 per share, the startup will be pegged at INR 4,576 Cr.

From Kharagpur To The World: Founded initially as Kharagpur Technologies in 2008, an ode to founder Aneesh Reddy's II...