Capillary Technologies lists at 3% discount despite 53X subscribed IPO

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SaaS firm Capillary Technologies made a muted debut on the bourses on Friday, listing at Rs 560 per share on the BSE, a 3% discount to its issue price of Rs 577. On the NSE, the stock opened slightly higher at Rs 571.9.

Capillary’s IPO, which was open for subscription between November 14–18 with a price band of Rs 549–577, had received strong demand despite the soft listing. The issue was subscribed nearly 53 times overall, driven by heavy interest from non-institutional investors (69.8X) and qualified institutional buyers (57.3X). The retail…



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Capillary Technologies lists at 3% discount despite 53X subscribed IPO


SaaS firm Capillary Technologies made a muted debut on the bourses on Friday, listing at Rs 560 per share on the BSE, a 3% discount to its issue price of Rs 577. On the NSE, the stock opened slightly higher at Rs 571.9.

Capillary’s IPO, which was open for subscription between November 14–18 with a price band of Rs 549–577, had received strong demand despite the soft listing. The issue was subscribed nearly 53 times overall, driven by heavy interest from non-institutional investors (69.8X) and qualified institutional buyers (57.3X). The retail…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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