Bengaluru-based Software-as-a-Service (SaaS) firm Capillary Technologies India Ltd has received clearance from the markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

The IPO comprises a fresh issue of shares worth Rs 430 crore and an offer for sale (OFS) of 1.83 crore equity shares by existing investors, according to the draft prospectus.

The OFS will see Capillary Technologies International Pte. Ltd sell up to 1.42 crore shares, while other shareholders including Ronal Holdings, Trudy Holdings, and Filter Capital India Fund I, among others, will offload smaller portions.

The company may also consider a pre-IPO placement of up to Rs 86 crore, which would reduce the size of the fresh issue if undertaken.

Proceeds fro

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