24 Nov 2025

Khaitan & Co and Trilegal advise on Capillary Technologies ₹877.501 crore IPO

"Khaitan & Co advised Capillary Technologies India and the promoter selling shareholder Capillary Technologies International Pte. Ltd., while Trilegal advised the book-running lead managers JM Financial Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited, on Capillary Technologies India Ltd's ₹877.501 crore IPO comprising a fresh issue and an offer for sale."

Khaitan & Co and Trilegal advised parties to the transaction: Khaitan & Co represented Capillary Technologies India Limited and the promoter selling shareholder Capillary Technologies International Pte. Ltd.; Trilegal represented the book-running lead managers JM Financial Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited. Capillary Technologies India Limited raised ₹877.501 crore through an initial public offering. The IPO comprised a fresh issue of equity shares and an offer for sale by the promoter selling shareholder. The proceeds reflect the combined capital raise from both the primary issuance and the sale of existing shares. Founded in 2012, Capillary Technologies India is a global leader in loyalty and engagement management. The company’s platform offers a comprehensive suite of solutions to help businesses increase customer retention, engagement and revenue by providing a unified view of customers across channels and enabling personalized experiences. Khaitan & Co represented Capillary Technologies India Limited and Capillary Technologies International Pte. Ltd. with a team composed by: Sudhir Bassi (Executive Director - Capital Markets), Thomas George (Partner), Poorvi M Jain (Principal Associate), and associates Jash Botadra, Sanjeev Ramakrishnan and Anand Sivasankaran. Trilegal represented the book-running lead managers JM Financial Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited with a team composed by: Vijay Parthasarathi (Partner), Vedansh Batwara (Senior Associate), and associates Shashwat Raj Solanki, Shubh Dutta Ojha, Olivia De, Jasmine Manekshaw and Vansh Dhoka.
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