Capillary Technologies, the Bengaluru-based SaaS company known for its AI-driven loyalty and customer engagement solutions, continued to see steady interest from investors on the second day of its initial public offering (IPO). By the end of Day 2, the public issue was subscribed 41%, reflecting a measured but growing appetite for India’s expanding enterprise-tech and SaaS sector.
The company, which serves over 400 global brands across retail, D2C, hospitality, and BFSI, is aiming to raise capital to boost product innovation, expand geographically, and strengthen its balance sheet. The IPO consists of a fresh issue as well as an offer for sale (OFS) from existing shareholders.
