Capillary Technologies India is a Bengaluru-based SaaS company offering AI-led customer loyalty, CRM, rewards, and engagement solutions to enterprise clients across retail, CPG, BFSI, hospitality, and airlines. The company earns revenue through subscription-based SaaS products such as Loyalty+, Engage+, Insights+, Rewards+, and CDP. Its solutions are used by enterprises to manage omnichannel customer loyalty, personalise marketing, and improve consumer retention globally.
 

The Company is led by Promoter, i.e., CAPILLARY TECHNOLOGIES INTERNATIONAL PTE. LTD. AND ANEESH REDDY BODDU

The Revenues from operations for the Period ended on Sep 30 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 3,625.63 Million, ₹ 6,118.69 Million, ₹ 5,354.40 Million, and ₹ 2,662.53 Million, The EBITDA for the Period ended on Sep 30, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 398.22 Million, ₹ 785.73 Million, ₹ -14.91 Million, and ₹ -583.39 Million, The Profit after Tax for the Period ended on Sep 30, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 10.33 Million, ₹ 141.54 Million, ₹ -683.51 Million, and ₹ -885.56 Million, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹1.93and post-issue EPS of ₹1.78 for FY25. The pre-issue P/E ratio is 298.96x, while the post-issue P/E ratio is 323.32x against the Industry P/E ratio is 34.33x The company's ROE for FY25 is NA and RoNW is 2.85%. The Annualised EPS is ₹0.26x and P/E is 2215.05x. These metrics suggest that the IPO is Fully priced.

The Grey Market Premium (GMP) of  Capillary Technologies India  showing listing gains of  0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Capillary Technologies India Limited IPO for Listing gain or Long Term Purposes.