9 months ago
Capillary Technologies & Excelsoft IPOs: Mixed Listing Debuts
Two Indian SaaS companies, Capillary Technologies and Excelsoft Technologies, recently held Initial Public Offerings (IPOs).
Capillary Technologies' IPO was subscribed 52.95 times and listed at a 3% discount.
Excelsoft Technologies' IPO received 9.17 times subscription and had a grey market premium (GMP) of 11.67% on the third day.
Both companies aim to use the funds raised for expansion and growth.
Capillary Technologies IPO received 52.95 times subscription, listed at 3% discount
Excelsoft Technologies IPO received 9.17x subscription, GMP falls to 11.67% on Day 3
Capillary Technologies raised ₹877.70 crore, plans to use funds for expansion and acquisitions
Excelsoft Technologies IPO price band was ₹114-₹120, GMP was 14% on Day 3
- Who
- Capillary Technologies India Ltd & Excelsoft Technologies Ltd
- What
- Conducted Initial Public Offerings (IPOs)
- Where
- Stock exchanges (BSE and NSE)
- When
- Capillary: November 14-18, 2025; Excelsoft: November 21, 2025
- Why
- To raise funds for expansion and growth
Investors expecting higher gains
Market observers
Listing performance
Investors expecting higher gains
Expected higher listing gains based on GMP
Market observers
Listing debuts were mixed, with Capillary down 0.88% and 2.95% on NSE and BSE respectively, while Excelsoft's GMP fell to 11.67%
Key facts
- Capillary Technologies IPO Size
- ₹877.70 crore
- Capillary Technologies Subscription Status
- 52.95 times
- Capillary Technologies Listing Price
- ₹560 (BSE), ₹571.90 (NSE)
- Excelsoft Technologies IPO Price Band
- ₹114-₹120
- Excelsoft Technologies GMP (Day 3)
- +₹14 (11.67%)
Timeline
SEBI clears Capillary's IPO path.
Capillary reveals IPO date, price; global potential sparks demand.
High demand greets Capillary's IPO debut.
Capillary's IPO oversubscribed 52.95 times.
Capillary, Sudeep Pharma see IPO buzz; Sudeep set for Nov 21 with GMP of ₹130.
Quotes
Kalp Jain, Research Analyst, INVasset PMS
Kalp Jain is a Research Analyst at INVasset PMS, providing insights on IPOs and market trends.
“Sudeep Pharma IPO offers exposure to the specialty ingredients and excipients space, backed by a broad international presence across more than 100 export markets.”
livemint.com
“Its operating profile benefits from stable demand drivers in pharmaceuticals and nutrition.”
livemint.com
An industry analyst
An expert in the financial market who provides insights and analysis on various aspects of the market.
“The GMP is not an official indicator and changes as per market sentiment.”
financialexpress.com
Sources
Excelsoft Technologies' ₹500-Crore IPO Receives 1.45 Times Subscription On The First Day Of Bidding
Capillary Technologies IPO listing date today. GMP, experts signal strong debut of shares in Indian stock market
Capillary Technologies India IPO listing tomorrow. Here's what GMP signals ahead of debut
Excelsoft Technologies IPO Day 3: Issue subscribed 6.89 times so far. Check GMP, key dates, review. Apply or not?
Capillary Technologies Share Price LIVE: GMP, experts hint decent debut of shares in Indian stock market
Excelsoft Technologies IPO Day 2 LIVE: Issue booked 1.56x so far; Check subscription status, GMP - apply or not?
Excelsoft Technologies IPO Day 2: Check GMP, subscription status, review, key dates. Apply or not?
Sudeep Pharma IPO Opens on 21 November: GMP Jumps ₹130 Ahead of Listing
Capillary Technologies IPO listing today: GMP trends point to strong listing; Check issue price and other details
Excelsoft IPO closing today: Will it deliver a listing pop despite falling GMP? Here’s what the market mood suggests
IPO GMP: Sudeep Pharma IPO vs Excelsoft Technologies IPO — how much gain grey market signals?
Excelsoft Technologies IPO Day 3 LIVE: Issue booked nearly 7x so far — GMP signals 12% listing pop — Apply or not?
Excelsoft Technologies IPO Day 3 LIVE: GMP Falls; Issue Receives 9.17x Subscription So Far
Capillary Technologies makes flat debut, lists at 3% discount on BSE
IPO listing: Capillary Technologies share price lists at ₹571.90 on NSE, down 0.88% from issue price
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