IPO Watch, June 19 -- Capillary Technologies India Ltd refiled draft red herring prospectus (DRHP) to secure funding for its initial public offering (IPO). Previously, the company submitted its IPO documentation to SEBI in December 2021.

The Bengaluru-based firm provides artificial intelligence (AI)-driven cloud-native Software-as-a-Service (SaaS) products and solutions mainly for enterprise clients, aimed at enhancing the loyalty of their consumers and channel partners.

As one of the few competitors in the loyalty management sector, the company delivers comprehensive loyalty solutions, including its cutting-edge loyalty management platform (Loyalty+), connected engagement platform (Engage+), predictive analytics platform (Insights+), r...