Capillary Technologies IPO Day 2: Check GMP trends and subscription status. GMP, Subscription & Key Risks for Investors

Introduction

Capillary Technologies India, a leading SaaS provider, is undergoing its Rs 877 crore IPO, which saw a moderate 28% subscription by the end of Day 1 in the Indian market. The Grey Market Premium (GMP) is trending at approximately 4.2% above the issue price, suggesting a potential listing premium. This Initial Public Offering (IPO) from Capillary Technologies India aims to raise Rs 877 crore. By the close of Day 1, the IPO had received bids for 23.68 lakh shares against an offer of 83.83 lakh shares, resulting in an overall subscription of 28%. The Grey Market Premium (GMP) is currently quoted at Rs 24–25 above the issue price of Rs 577, indicating an approximate 4.2% premium. The IPO is scheduled to close on November 18, 2025, with an anticipated listing on November 21, 2025.

Key Takeaways

• Capillary Technologies IPO experienced a moderate 28% subscription on Day 1.
• The Grey Market Premium (GMP) suggests a potential listing gain of approximately 4.2% over the issue price of Rs 577.
• The IPO window remains open for applications until November 18, 2025.
• The implied listing price range based on GMP is Rs 601–602.

Company Overview

Capillary Technologies India is recognized as a prominent SaaS (Software as a Service) provider in the market. The company is currently undertaking an Initial Public Offering (IPO) with the objective of garnering Rs 877 crore from the public markets. This capital raise is typically aimed at funding growth initiatives, reducing debt, or other corporate purposes.

Market Analysis

By the conclusion of Day 1 of the Capillary Technologies IPO, bids were placed for 23.68 lakh shares. This was against a total offering of 83.83 lakh shares available for subscription. This level of interest translated into an overall subscription rate of 28% after the first day of bidding. The Grey Market Premium (GMP) for the IPO is noted to be Rs 24–25 above the issue price of Rs 577 per share. This market indicator implies a potential listing price range of Rs 601–602. The current GMP suggests a premium of approximately 4.2% over the stated issue price.

Further reading: Capillary Technologies IPO opens today: Strong SaaS fundamentals, modest pricing draw analyst support.

Valuation Analysis

The Capillary Technologies IPO has set its issue price at Rs 577 per share. Based on the prevailing Grey Market Premium (GMP), a potential listing range of Rs 601–602 is suggested. However, other specific valuation metrics that are commonly used by analysts, such as the Price-to-Earnings (P/E) ratio or Price-to-Book (P/B) ratio, are data not disclosed within the provided materials.

Risk Assessment

The materials at hand do not provide specific details regarding potential regulatory, liquidity, or execution risks associated with the Capillary Technologies IPO. The company's shares are slated for listing on both the BSE and NSE, with a tentative schedule for November 21, 2025, pending final confirmation. As with all market events, listing can be subject to various market conditions and regulatory approvals.

Investment Perspective

The Capillary Technologies IPO saw a moderate 28% subscription rate on its initial day, which indicates a somewhat cautious initial response from investors. The Grey Market Premium (GMP), currently at around 4.2%, points to a modest potential for listing gains upon its debut on the exchanges. Investors are encouraged to carefully consider this moderate initial demand alongside the implied listing premium before making any decisions regarding their application for the IPO.

Further reading: 4 IPOs opening for subscription on Tuesday & all GMPs hint at positive listing gains.

Execution Guardrails

1. Market scanning: Continuously monitors regulatory filings, financial news, and sentiment to highlight actionable IPO events.
2. AI risk and potential returns analysis: Benchmarks fundamentals, valuations, and demand indicators to quantify upside versus risk.
3. pre-trade position sizing recommendations and entry: Applies risk limits and provides recommendations for subscriptions or allocations in line with investor preferences.
4. Real-time monitoring and adjustments: Tracks listing updates, market tone, and liquidity to adjust positioning as signals evolve.
5. Automated exit and performance tracking: helps you track configured exits and records outcomes for ongoing strategy refinement.

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• PortoAI provides real-time updates on IPO subscription statuses and Grey Market Premium (GMP) trends for Indian retail investors. It helps identify potential investment opportunities by autonomously scanning and analyzing market signals related to IPOs. PortoAI offers data-driven insights to assist Indian retail investors in making informed decisions regarding IPO applications.
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Sources

• Capillary Technologies IPO Day 2: Check GMP trends and subscription status. Should you apply? (economictimes.indiatimes.com; date visible on page) — https://economictimes.indiatimes.com/markets/ipos/fpos/capillary-technologies-ipo-day-2-check-gmp-trends-and-subscription-status-should-you-apply/articleshow/125375534.cms

Disclaimer: Educational content, not investment advice.