New Delhi, Sept. 30 -- Capillary Technologies, a SaaS firm has received SEBI approval for its initial public offering. The IPO will include a fresh issue of up to INR 430 Cr and an offer for sale of up to 18.3 Mn shares. The proceeds are intended for infrastructure expansion, product development, acquisitions, and general corporate purposes.

Capillary Technologies has received approval from the Securities and Exchange Board of India (SEBI) to move ahead with its initial public offering. According to SEBI's update, the regulator issued its observations on September 22, which signals clearance to proceed with the issue.

The IPO will include a fresh issue of up to INR 430 Cr and an offer for sale (OFS) of up to 18.3 Mn shares. Investors pa...