The ₹877.5-crore initial public offering (IPO) of Capillary Technologies India, a Bengaluru-based software-as-a-service (SaaS) company, will open for subscription on Friday, November 14, and remain open for all investors till November 18.

The company will offer its shares in a price band of ₹549-₹577 apiece, with a lot size of 25 shares per application.

At the upper end of the price band, Capillary Technologies is valued at an FY25 P/E multiple of 323.3x on a post-issue basis, a valuation that SBI Securities described as expensive, recommending investors to avoid the issue.

The company aims to raise ₹345 crore through a fresh issue, while promoter Capillary Technologies International and investor Trudy Holdings will sell over 92.28 lakh shares worth ₹532.5 crore through an offer-for-sal

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