Capillary Technologies (India) Limited, a company that offers artificial intelligence (“AI”)-based cloud-native Software-as-a Solution (“SaaS”) products and solutions to develop loyalty of their consumers and channel partners filed its draft red herring prospectus (DRHP) for its Rs 850 crore initial public offering (IPO).
The initial public offering (IPO) with a face value of Rs 2 per equity share consists of a fresh issue of equity shares aggregating to Rs 200 crore, and an offer for sale of Rs 650 crore by Capillary Technologies International Pte Ltd (The Selling Shareholders”), according to the draft red herring prospectus (DRHP).
Backed by Warburg Pincus, Sequoia Capital, Avataar Capital, Qualcomm Asia Pacific and Filter Capital. The private equity firms stay invested in the company and are not diluting their stake in this IPO.
Read more/Source: Equity Bulls
