Capillary Tech board approves Rs 2,250 Cr IPO; doubles ESOP pool

Capillary Technologies' board has approved a plan for an Initial Public Offering (IPO) aiming to raise up to Rs 2,250 crore. This significant move signals the company's intent to go public and tap into capital markets for further growth. Alongside the IPO approval, Capillary Technologies has also doubled its ESOP (Employee Stock Ownership Plan) pool, indicating a focus on employee wealth creation and retention ahead of the public listing. The substantial fundraising target reflects the company's ambition to expand its operations and strengthen its position in the customer loyalty and engagement software market.