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SaaS startup Capillary Technologies is set to launch its initial public offering (IPO) on November 14, with the issue closing on November 18. The Bengaluru-based company has also reduced the size of its public offer.
According to the company’s revised filings, Capillary will raise Rs 345 crore through a fresh issue, compared to Rs 430 crore proposed earlier. The offer-for-sale (OFS) component has also been pared down to 92.2 lakh shares from 1.83 crore shares mentioned in the draft prospectus. The equity shares are proposed to be listed on both the…
