 "initial public offerings")
Capillary Technologies (India) Ltd, backed by Warburg Pincus and Sequoia Capital, has filed preliminary papers with markets regulator Sebi to raise Rs 850 crore through an initial share-sale.
The company offers artificial intelligence (AI)-based cloud-native Software-as-a Solution (SaaS) products and solutions to develop loyalty of consumers and channel partners.
The initial public offering (IPO) consists of a fresh issue of equity shares aggregating to Rs 200 crore and an offer-for-sale of Rs 650 crore by Capillary Technologies International Pte Ltd, according to the draft red herring prospectus (DRHP).
Also, the company may consider a pre-IPO placement aggregating up to Rs 20 crore. If
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